Any sources of revenue of any district may by order of its board of commissioners with the approval of the court be irrevocably allocated to a reserve fund established to pay the interest or principal of any bonds. Bonds may be made redeemable before maturity. With the approval of the court a district may by resolution of its board of commissioners adopted at or prior to the time of issuing any bonds then proposed to be issued, provide for the call and redemption prior to their fixed maturity of any of the bonds. Manner of redeeming. Publication of notice of redemption.
Interest ceases on redemption date.
If on the date fixed for redemption the district has provided funds available for the payment of the principal and interest of the bonds called, interest on them ceases. When bonds may be sold. A district may sell any bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purpose for which they were authorized. Resolution as to sale. The day, hour, and place of sale.