Arizona § 48-3192 - Form of bonds; record of sales
Full text of Arizona Arizona Revised Statutes § 48-3192 — Form of bonds; record of sales, with citation guidance and answers to common questions.
§ 48-3192. Form of bonds; record of sales
A. The board of directors may by resolution prescribe:
1. The issuance of bonds in one or more series.
2. The dates the bonds shall bear.
3. The medium of payment in which the bonds are payable.
4. The places of payment of the bonds.
5. Registration privileges of the bonds.
6. The manner of executing the bonds.
7. The terms, covenants and conditions of the bonds.
8. The time and manner of payment of the bonds.
9. The maturity dates of the bonds, not to exceed thirty years from the date of their issuance.
10. The terms and manner by which the bonds are callable.
11. The interest rate of the bonds, not to exceed the maximum rate of interest in the notice calling the election.
B. The board of directors may determine the time and manner of sale of the bonds which the board deems most advantageous, either by public sale or private sale. The district may pay all expenses, premiums and commissions which its board of directors deems necessary or advantageous to the issuance of the bonds.
C. The secretary shall keep a record of the bonds sold, their number, date of sale, the price received and the name of the purchaser thereof.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3192
What does Arizona Revised Statutes § 48-3192 cover?
Section 48-3192 ("Form of bonds; record of sales") 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 § 48-3192?
A common citation format is "Arizona Revised Statutes § 48-3192" (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 § 48-3192 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.