Arizona § 48-2757 - Sale of bonds; notice
Full text of Arizona Arizona Revised Statutes § 48-2757 — Sale of bonds; notice, with citation guidance and answers to common questions.
§ 48-2757. Sale of bonds; notice
A. The board of directors may sell the bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes specified in section 48-2751, and otherwise to carry out the objects and purposes of this chapter. Before making any sale the board shall declare by resolution its intention to sell a specified amount of the bonds, and shall fix the day, hour and place of sale, and shall cause the resolution to be entered in the minutes of the board.
B. Notice of the sale shall be given by publication thereof for at least ten days in a newspaper published in the county in which the office of the board of directors is located, and in such other newspapers as the board directs. The notice shall state that sealed bids will be received by the board at its office for the purchase of the bonds until the day and hour named in the resolution.
C. At the time appointed the board shall meet and open the bids and award the purchase of the bonds to the highest responsible bidder. The board may, by the resolution and notice, require such deposit or certified check as an evidence of good faith to accompany each bid for the bonds. The board may, in its discretion, reject any and all bids. None of the bonds shall be sold for less than ninety-five per cent of their par value.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-2757
What does Arizona Revised Statutes § 48-2757 cover?
Section 48-2757 ("Sale of bonds; notice") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 48-2757?
A common citation format is "Arizona Revised Statutes § 48-2757" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 48-2757 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.