ARTICLE 5. Refunding Bonds

Article 5 added by Stats. 1939, Ch. 304.

§§ 6690–6694.3 · 8 sections

• § 6690 The board may cause refunding bonds to be issued for the purpose of refunding any or all outstanding bonds of the district.
• § 6691 Refunding bonds shall be issued and delivered only when the bonds to be refunded have matured or are about to mature or are subject to retirement before…
• § 6692 Except as otherwise provided in this article, refunding bonds shall be issued in substantially the manner and form prescribed for the issuance of other bonds…
• § 6693 The board desiring to refund any of its bonds may formulate a proposed plan for that purpose and shall call an election for the purpose of authorizing the…
• § 6694 Only a majority vote shall be required to authorize the issuance of refunding bonds.
• § 6694.1 The maturity date of refunding bonds shall be fixed by the board but in no case shall the maturity of any such bonds be more than forty years from the date…
• § 6694.2 The rate of interest on refunding bonds shall not exceed 8 percent per annum payable semiannually.
• § 6694.3 Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of the bonds to be refunded thereby and in addition all…