There is a newer version of the Arizona Revised Statutes
2016 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-544 Purchase of improvement bonds by city
AZ Rev Stat § 48-544 (2016) What's This?
48-544. Purchase of improvement bonds by city
The city or town may, without advertising or selling the improvement bonds, advance to the appropriate fund the par value of all or any part of the bonds, whereupon the city or town shall have the same rights for the enforcement and collection thereof as a purchaser, and may at any time sell the bonds to reimburse itself therefor.
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