11-272. Bonds; interest limitation;
form
A. The bonds authorized to be issued by section 11-271 shall bear interest at a
rate or rates set forth in the accepted bid, payable semiannually, and shall be issued in
such denominations, not less than one hundred dollars each, as the board may direct. The
bonds shall be signed by the chairman and attested by the clerk of the board, and shall
be in substantially the following form:
"No. _______ The county of ________ in the state of Arizona, for value received,
promises to pay to _________ or order, at the office of the treasurer of said county in
__________, on the first day of ________, or at any time before that date, at the
pleasure of the county, the sum of __________ dollars, with interest at the rate of
___________ per cent, per annum, payable at the office of said treasurer semiannually on
the first days of ___________ and _________ in each year on presentation and surrender of
the interest coupons hereto attached. This bond is issued by the board of supervisors
under the provisions of sections ____________ to ____________, inclusive, revised
statutes of Arizona, 19__, and in conformity with a resolution of said board, dated
____________ day of __________, 19__ (Seal.)
In testimony whereof the said county, by its board of supervisors has caused this
bond to be signed by the chairman of the board and attested by the clerk of the board,
with the county seal attached, this __________ day of ___________, 19__."
B. The interest coupons shall be in the following form:
"$____________ The treasurer of __________ county, Arizona, will pay to the holder
hereof, on the ____________ day of ____________, 19__, at his office _____________,
___________ dollars for interest on county bond no. ___________."
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