Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 15. Education |
Chapter 13. UNIVERSITIES AND RELATED INSTITUTIONS |
Article 5. Issuance of Bonds |
Sec 15-1692. Certification of bonds by attorney general
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The board may submit to the attorney general of the state of Arizona any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general, it shall be the duty of the attorney general to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such proceedings conform to the provisions of this article and such bonds when delivered and paid for will constitute binding and legal obligations of the board enforceable according to the terms thereof, the attorney general shall certify in substance upon the back of each of such bonds that it is issued in accordance with the constitution and laws of the state of Arizona.