33-1117 CALL OR REDEMPTION OF BONDS -- NOTICE. - Idaho Statutes

TITLE 33

EDUCATION

CHAPTER 11

SCHOOL BONDS

33-1117. Call or redemption of bonds -- Notice. The board of trustees of any school district having outstanding bonds which are redeemable or callable before final maturity, having sufficient money in its bond interest and redemption fund may redeem one (1) or more bonds, on any callable or redeemable date. If such bonds are held by the department of finance, notice shall be given said department not less than thirty (30) days prior to such redemption date. Otherwise, notice shall be given by publication, not less than thirty (30) days prior to said redemption date, in a newspaper in which the district lies. The notice shall give the name, series and number of the bond or bonds which will be redeemed; the place of redemption; and shall state that after the date of the proposed payment, interest on the said bonds will cease. In addition thereto, like notice shall be given to the holder of the bond or bonds if known; to the fiscal agent if any; to the bank or banks through which the bonds to be redeemed are payable, and to "The Bond Buyer," a publication printed in New York City.