74.5 - CALL FOR PAYMENT. - Iowa Statutes

74.5 CALL FOR PAYMENT. When a fund contains sufficient money to pay one or more interest-bearing obligations which are outstanding against the fund, the treasurer shall call those obligations for payment. Obligations may be paid in the order of presentation. This section does not authorize a fixed-term obligation to be called at a date earlier than is provided by the conditions and terms upon which it was issued.          Section History: Early Form [C51, § 66, 153; R60, § 87, 361; C73, § 79, 328; C97, § 105, 484, 660; C24, 27, 31, § 136, 5161, 5647, 7496; C35, § 1171-f5; C39, § 1171.15; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 74.5] Referred to in § 74.6, 331.554