38-1022 REFUNDING BONDS. - Idaho Statutes

TITLE 38

FORESTRY, FOREST PRODUCTS AND STUMPAGE DISTRICTS

CHAPTER 10

STUMPAGE DISTRICTS

38-1022. Refunding bonds. Such stumpage commissioners may, at any time thereafter, issue such bonds in the manner and form herein prescribed for the purpose of funding any outstanding warrants or obligations of such district. In case of such last-named issue all the outstanding warrants shall immediately become due and payable upon receipt of the money by the county treasurer from the sale of said bonds and upon a call of such outstanding obligations to be issued by him. Such call shall be made by the treasurer immediately upon the receipt of the proceeds from the sale of said bonds, by publication for two (2) weeks in a newspaper published in the county wherein said district is situated, and such warrants and outstanding obligations shall cease to draw interest at the end of thirty (30) days after the date of the first publication.