57-228. BONDS — AMORTIZED MATURITIES. It shall be proper to provide with respect to any bonds now required to be amortized or payable serially, that the annual maturities for the first five (5) maturities shall be of such annual principal amounts as may be fixed by any such governing authority, and that such amortized or serial annual maturities shall commence to be payable at any time on or before five (5) years after the date of said bonds, and that any bonds, or any part thereof, issued under the authority of this act, shall be redeemable prior to their fixed maturities and at the option of the issuer, as provided by the governing board or authority of any such issuer.
History:
[57-228, added 1935 (1st E.S.), ch. 59, sec. 2, p. 160.]
Structure 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 57-219 - REGISTRATION OF BONDS — LIABILITY OF TREASURER.
Section 57-220 - APPLICATION OF PROCEEDS.
Section 57-222 - TAX LEVIES AND SINKING FUND.
Section 57-223 - SEPARABILITY.
Section 57-225 - BONDS ISSUED UNDER FORMER LAWS.
Section 57-226 - EFFECTIVE DATE OF ACT.
Section 57-228 - BONDS — AMORTIZED MATURITIES.
Section 57-229 - “ISSUER” DEFINED.
Section 57-230 - POWERS OF ISSUER.
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.