§ 35.61.190. Park district bonds -- Retirement
Whenever there is money in the metropolitan park district fund and the commissioners of the park district deem it advisable to apply any part thereof to the payment of bonded indebtedness, they shall advertise in a newspaper of general circulation within the park district for the presentation to them for payment of as many bonds as they may desire to pay with the funds on hand, the bonds to be paid in numerical order, beginning with the lowest number outstanding and called by number.
Thirty days after the first publication of the notice by the board calling in bonds they shall cease to bear interest, and this shall be stated in the notice.
[1985 c 469 § 33; 1965 c 7 § 35.61.190. Prior: 1943 c 264 § 11; Rem. Supp. 1943 § 6741-11; prior: 1907 c 98 § 11; RRS § 6730.]
Sections: Previous 35.61.132 35.61.133 35.61.135 35.61.137 35.61.140 35.61.150 35.61.180 35.61.190 35.61.200 35.61.210 35.61.220 35.61.230 35.61.240 35.61.250 35.61.260 NextLast modified: April 7, 2009