Idaho Code
Chapter 2 - MUNICIPAL BOND LAW
Section 57-211 - BONDS — AMORTIZED MATURITIES.

57-211. BONDS — AMORTIZED MATURITIES. The bonds of any one (1) issue shall mature and be payable upon an annual amortization plan, the first annual amortized principal payment shall mature and be payable within two (2) years from and after the date of the bonds, and the various annual maturities shall, as nearly as practicable, be in such principal amounts as will, together with the accruing interest on all outstanding bonds of such issue, be met and paid by an equal annual tax levy for the payment of the principal of said bonds and interest thereon during the term for which such bonds shall be issued: provided, however:
(a) That anything in this section to the contrary notwithstanding, whenever the governing body of the issuing corporation shall in its sole discretion determine it to be to the advantage of such corporation, it may issue and sell such bonds with such annual maturities as it shall determine either prior to or after the fixing of the interest rates such bonds will bear, and in every such instance it shall be permissible for the governing body to issue such bonds in the annual maturities so determined upon and bearing the rate or rates of interest ascertained upon the sale of such bonds.
(b) That nothing herein contained shall be construed as prohibiting any serial maturity from being in the sum of $5,000 or an even multiple thereof.

History:
[(57-211) 1927, ch. 262, sec. 4, subd. (h), p. 546; I.C.A., sec. 55-211; am. 1933, ch. 38, sec. 1, p. 50; am. 1935, ch. 95, sec. 1, p. 180; am. 1963, ch. 183, sec. 4, p. 542.]

Structure Idaho Code

Idaho Code

Title 57 - PUBLIC FUNDS IN GENERAL

Chapter 2 - MUNICIPAL BOND LAW

Section 57-201 - TITLE OF ACT.

Section 57-202 - APPLICATION OF ACT — DEFINITIONS.

Section 57-203 - AUTHORIZATION OF BONDS.

Section 57-204 - BONDS — FORM AND RECITALS.

Section 57-205 - BONDS — EXECUTION AND SIGNING.

Section 57-206 - BONDS — INTEREST COUPONS — FORM AND RECITALS.

Section 57-207 - BONDS — DENOMINATION.

Section 57-208 - BONDS — INTEREST RATE.

Section 57-209 - BONDS AND INTEREST COUPONS — WHERE PAYABLE.

Section 57-210 - BONDS — MAXIMUM TERM.

Section 57-211 - BONDS — AMORTIZED MATURITIES.

Section 57-212 - BONDS FOR EACH PURPOSE A DISTINCT SERIES.

Section 57-213 - BONDS — REGISTRATION.

Section 57-214 - SALE OF BONDS — PROCEDURE — MINIMUM PRICE.

Section 57-215 - SALE OF BONDS — NOTICE AND REQUEST FOR BIDS — PUBLICATION.

Section 57-216 - SALE OF BONDS — CONTENTS OF NOTICE — BIDS — DEPOSIT BY BIDDER — ACCEPTANCE OR REJECTION OF BIDS.

Section 57-217 - SALE OF BONDS — DISCOUNT OR COMMISSION TO BIDDER PROHIBITED — EMPLOYMENT OF EXPERT SERVICES AUTHORIZED.

Section 57-218 - FUNDING AND REFUNDING BONDS — ISSUANCE AFTER APPLICATION OF AVAILABLE MONEYS TO PAYMENT OF OUTSTANDING BONDS.

Section 57-219 - REGISTRATION OF BONDS — LIABILITY OF TREASURER.

Section 57-220 - APPLICATION OF PROCEEDS.

Section 57-221 - SECURITY.

Section 57-222 - TAX LEVIES AND SINKING FUND.

Section 57-223 - SEPARABILITY.

Section 57-224 - REDEMPTION.

Section 57-225 - BONDS ISSUED UNDER FORMER LAWS.

Section 57-226 - EFFECTIVE DATE OF ACT.

Section 57-227 - ISSUANCE AND SALE OF BONDS AND SECURITIES TO UNITED STATES GOVERNMENT — INTEREST RATE.

Section 57-228 - BONDS — AMORTIZED MATURITIES.

Section 57-229 - “ISSUER” DEFINED.

Section 57-230 - POWERS OF ISSUER.

Section 57-231 - ISSUANCE OF BONDS BY THE STATE OF IDAHO OR POLITICAL SUBDIVISIONS — VARIABLE INTEREST RATES PERMITTED — CREDIT ENHANCEMENT ARRANGEMENTS.

Section 57-232 - SALE OF BONDS — DEFINITION OF PRIVATE SALE.

Section 57-233 - SALE OF BONDS — ELECTRONIC BIDDING.

Section 57-234 - CREATION AND PERFECTION OF GOVERNMENT SECURITY INTERESTS.

Section 57-235 - BONDS — DELEGATION AUTHORITY.