249.795. Refunding bonds, how issued.
Refunding bonds, how issued.
249.795. 1. Any sewer district organized under theprovisions of sections 249.760 to 249.810 is authorized to refundall or any part of the outstanding bonded indebtedness of thedistrict including interest, without an election.
2. When the bonds being refunded are general obligationbonds, payable from ad valorem taxes, the refunding bonds shallalso be payable from ad valorem taxes levied upon all the taxablereal property in the district.
3. All refunding bonds of a sewer district shall benegotiable and may be issued and exchanged for existing bonds orcoupons. The refunding bonds shall contain such terms and be indenominations and payable at the place or places designated bythe board of supervisors.
(L. 1961 p. 451 § 15)