Arizona § 48-3226 - Payment of matured refunding bonds or coupons; cancellation of redeemed bonds
Full text of Arizona Arizona Revised Statutes § 48-3226 — Payment of matured refunding bonds or coupons; cancellation of redeemed bonds, with citation guidance and answers to common questions.
§ 48-3226. Payment of matured refunding bonds or coupons; cancellation of redeemed bonds
A. When any refunding bonds mature the district treasurer shall give notice for four weeks in a newspaper published in the county in which the district is located of the intention to redeem such bonds, stating the amount thereof. The redemption shall thereupon be made and all such bonds shall cease to draw interest at the expiration of four weeks after the date of notice. If the bonds called for redemption are not presented within three months from the date of notice, the treasurer shall apply the money to the redemption of bonds next in the order of the number of their issue.
B. The interest coupons when due and payable shall be delivered to the treasurer who shall pay the interest and write the word "cancelled" across the face thereof, which shall be the treasurer's receipt for their payment. When any bonds are redeemed the treasurer shall in like manner mark them "cancelled" on the face thereof, over his signature, and deliver them to the secretary of the district, taking his receipt therefor, and the secretary shall file them in his office and report that they have been filed to the directors.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3226
What does Arizona Revised Statutes § 48-3226 cover?
Section 48-3226 ("Payment of matured refunding bonds or coupons; cancellation of redeemed bonds") 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 § 48-3226?
A common citation format is "Arizona Revised Statutes § 48-3226" (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 § 48-3226 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.