2005 Idaho Code - 42-3003 — RESOLUTION SPECIFYING TERMS AND CONDITIONS

                                  TITLE  42
                       IRRIGATION AND DRAINAGE -- WATER
                            RIGHTS AND RECLAMATION
                                  CHAPTER 30
                      DRAINAGE DISTRICT REFUNDING BONDS
    42-3003.  RESOLUTION SPECIFYING TERMS AND CONDITIONS. Whenever the board
of commissioners shall deem it expedient to issue refunding bonds under the
provisions of this chapter, they shall by resolution duly adopted and entered
upon the minutes of the district specify, the amount and date of the bonds to
be refunded, the amount of the refunding bonds proposed to be issued, shall
designate the denomination or denominations thereof, fix the date of issue,
the rate of interest, which shall not exceed six per cent (6%) per annum.