Statutes > Iowa Statutes > Title 2 - Elections and Official Duties > Subtitle 3 - Public Contracts and Bonds > CHAPTER 74 - PUBLIC OBLIGATIONS NOT PAID FOR WANT OF FUNDS > 74.5 - CALL FOR PAYMENT.

74.5 - CALL FOR PAYMENT.

        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