468.78 - SALE OR APPLICATION AT PAR -- PREMIUM.
468.78 SALE OR APPLICATION AT PAR -- PREMIUM. Such bonds may be applied at par with accrued interest to the payment of work as it progresses upon the improvements of the district, or, the board may sell, through the county treasurer, said bonds at not less than par with accrued interest and devote the proceeds to such payment. Any premium derived from the sale of said bonds shall be credited to the drainage fund of the district.
Section History: Early Form [C97, § 1953; S13, § 1989-a27; C24, 27, 31, 35, 39, § 7508; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 455.86]
Section History: Recent Form 89 Acts, ch 126, § 2 CS89, § 468.78 Referred to in § 357.21