Should any holder of an outstanding schoolhouse bond which is not due or which has not matured in accordance with the provisions thereof fail or refuse to sell or exchange such bond or bonds for refunding schoolhouse bonds issued in accordance with this subpart, it shall be the duty of the officials of the school district which issued such bond or bonds to set aside from the proceeds of the sale of the refunding schoolhouse bonds a sinking fund under all the regulations now provided by law for sinking funds for schoolhouse bonds for the purpose of retiring such bonds when they mature and paying the interest accrued or to accrue thereon.
Section: Previous 20-2-453 20-2-454 20-2-455 20-2-456 20-2-457 20-2-458 20-2-459 20-2-460 20-2-461 20-2-462 20-2-463 20-2-464 20-2-465 20-2-466 20-2-467 NextLast modified: October 14, 2016