Section 9-690 - Temporary bonds and receipts.
§ 9-690. Temporary bonds and receipts.
(a) Issuance authorized.- Before the definitive bonds are available for delivery to bond holders, the district may issue:
(1) Interim receipts for payment for the bonds; or
(2) Temporary bonds with or without coupons.
(b) Exchange for definitive bonds.- The interim receipts or temporary bonds may be exchanged for definitive bonds when the definitive bonds are available.
[An. Code 1957, art. 43, § 654; 1982, ch. 240, § 2.]