48-2778. Unlawful sale or exchange of refunding bonds It is unlawful for the board of directors to sell or exchange any refunding bonds for less than ninety-five per cent of their par value.
Arizona Legal Code
48-2778. Unlawful sale or exchange of refunding bonds It is unlawful for the board of directors to sell or exchange any refunding bonds for less than ninety-five per cent of their par value.