Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 19. IRRIGATION AND WATER CONSERVATION DISTRICTS |
Article 12. Insolvency of District |
Sec 48-3241. Petition for hearing where district in default on financial obligations; notice of hearing |
Sec 48-3242. Meeting of bondholders with board of directors; selection of committee; voting |
Sec 48-3243. Bondholders' agreement; failure to agree within one year |
Sec 48-3244. Submission of bondholders' agreement to superior court by petition |
Sec 48-3245. Publication of bondholders' agreement; filing of dissents to agreement |
Sec 48-3246. Failure to file dissent deemed acceptance of agreement |
Sec 48-3247. Hearing; judgment |
Sec 48-3248. Procedure in court action; appeal to supreme court; costs |
Sec 48-3249. Abrogation of agreement by failure to deposit fifty-one per cent of bonds |
Sec 48-3250. Change in terms of agreement; effective date |
Sec 48-3251. Permissive deposit of bonds with treasurer |
Sec 48-3252. Expenses of committee; payment |
Sec 48-3253. Powers of committee in enforcing agreement |
Sec 48-3254. Abrogation of agreement and discharge of committee when bond obligations discharged; discharge of individual from tax liability by payment of proportionate liability |
Sec 48-3255. Partial payment of bonds and interest |
Sec 48-3256. Acceptance of bond interest coupons by committee |