§ 10.8-47. Refunding bonds.  


Latest version.
  • The county is hereby authorized to provide by ordinance or resolution for the issuance of refunding bonds for the purpose of refunding any bonds or other obligations then outstanding, whether issued under the provisions of this article or any other law for the purpose of financing or refinancing all or part of the cost of a project. The county is further authorized to provide by ordinance or resolution for the issuance of bonds for the combined purposes of paying the cost of acquiring, construction, maintaining and/or repairing an additional project or projects or any additions, extensions, improvements or betterments to any project or projects and of refunding bonds of the county. The issuance of such refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the duties of the board and of the county in respect thereto shall be governed by the foregoing provisions of this article insofar as the same may be applicable.

(Ord. No. 96-39, § 7, 11-12-96)