reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-3227 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3227 - Powers of board relating to refunding bonds; applicability of certain public finance laws

48-3227.  Powers of board relating to refunding bonds;  applicability of certain public finance laws A. The board of directors shall,  with respect to the issuance of refunding bonds,  have full power and authority in all matters not set forth in this article to make all necessary provisions,  rules and regulations,  and to fix times,  methods and procedure,  and to take any and all steps necessary and proper for the issuance,  effectuation,  validity,  sale and delivery of refunding bonds. B. The provisions of articles 3,  4 and 5,  chapter 3 of title 35 relating to public finance and county and municipal bonds,  so far as applicable and not in conflict with this article,  shall apply to refunding bonds and refunding bond procedure of irrigation districts.
AZ Rev Stat § 48-3228 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3228 - Refunding of warrants and other indebtedness of district

48-3228.  Refunding of warrants and other indebtedness of district A. In addition to the power to issue refunding bonds for refunding bonded indebtedness of an irrigation district,  the board of directors may also issue refunding bonds to refund district warrants,  judgments,  liens or other existing lawful indebtedness of the district. B. Bonds issued under the provisions of this section may be made a part of the refunding bond issue under the provisions of this article or may be a separate issue as the board of directors may determine. C. Bonds issued under this section shall be of equal priority and enforceability. The issuance of bonds under this section shall be governed by this article so far as applicable and not in conflict with the purposes of this section. The provisions of article 10 of this chapter relating to adoption of plans,  surveys and maps and the submission,  approval and hearing by the state certification board concerning the issuance of construction or original bonds shall not apply to bonds issued under this article. D. This section shall be liberally construed,  and compliance with its provisions which does not adversely affect substantial rights of the owners of land within the district shall be deemed sufficient,  and any error,  omission or irregularity not adversely affecting such substantial rights shall be disregarded. The board of directors may,  in all matters relating to the issuance of bonds under this article,  make all necessary provisions,  rules and regulations,  take any and all steps necessary to effectuate the purpose of this article,  and do any and all things necessary and proper for the issuance,  effectuation,  validity,  sale,  delivery and payment of the bonds and the principal and interest thereof.
AZ Rev Stat § 48-3242 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3242 - Meeting of bondholders with board of directors; selection of committee; voting

48-3242.  Meeting of bondholders with board of directors;  selection of committee;  voting A. The holders of the bonds shall meet together with the board of directors of the district at the time and place of the meeting provided in the notice thereof,  organize and proceed immediately to the selection of a committee,  which shall be designated and function as (insert name of irrigation district affected) committee. The committee shall be composed of nine members,  three to be selected from and by the vote of holders of bonds present or represented and voting at the meeting,  three to be selected by the board of directors of the district from their own number,  and the remaining three to be the members of the state certification board. Vacancies in the representatives of the district on the committee shall be filled by the board of directors,  and vacancies in the bond representatives by the remaining members of the bondholders' representatives. B. Each bondholder at all meetings of the bondholders authorized by this article or by the bondholders' agreement shall be entitled to one vote for each one dollar or major fraction thereof of the principal amount of the bonds held by him,  certified as provided by this article,  by the state treasurer. Votes may be cast in person or by proxy in writing,  signed and acknowledged as deeds are required to be acknowledged,  by the holder of the bonds,  the proxy having first been filed with and approved by the state treasurer. No holder of a bond shall be entitled to vote in person or by proxy unless he has first surrendered to and deposited with the state treasurer the bonds upon which he desires to vote,  to be held and dealt with by the state treasurer pursuant to the provisions of the bondholders' agreement and any amendments thereof. C. Upon the convening of the meeting the state treasurer shall supply the meeting with a certified list of all bonds deposited with him,  the names of the holders thereof,  proxies approved and the number of votes each holder is entitled to cast in person or by proxy. The majority vote of all holders entitled to vote at the meeting in person or by proxy shall govern.
AZ Rev Stat § 48-3243 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3243 - Bondholders' agreement; failure to agree within one year

48-3243.  Bondholders' agreement;  failure to agree within one year A. Immediately upon selection the committee shall proceed to formulate a plan to be known as " bondholders' agreement"  in respect to the district affected and the continuance of its business and affairs in such manner as to restore its solvency at the earliest practicable date,  and shall consider matters affecting its feasibility,  including the character of the soil,  the water supply,  the topography,  the productive value of the lands,  in units of forty acres each,  and the economic costs of and the receipts from agricultural operations,  and may survey,  or cause to be surveyed,  any one or more of these factors. B. When a plan is agreed upon,  it shall be reported to the meeting,  which may be adjourned from time to time until the report is received. The report of the committee may be amended by the meeting,  and shall be adopted or rejected,  separately,  by the majority vote of the full board of directors and majority-in-value vote of the bonds represented. In case of disagreement,  the negotiations for another basis of agreement may be continued,  and the meeting may be adjourned from time to time for a period not to exceed one year from the convening of the meeting. If such meeting is unable to agree upon the bondholders' agreement within such period the meeting shall stand adjourned sine die,  and the state treasurer shall return the bonds deposited with him to the respective holders thereof.
AZ Rev Stat § 48-3244 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3244 - Submission of bondholders' agreement to superior court by petition

48-3244.  Submission of bondholders' agreement to superior court by petition A. The bondholders' agreement shall empower the committee to execute,  and the committee shall be charged with the execution of,  the plan contained therein,  but no action,  except as expressly provided in this article,  shall be taken by the committee until the judgment of the superior court entered in the proceedings provided for in section 48-3247 has become final. B. Immediately upon deposit with the state treasurer,  subject to the provisions of the bondholders' agreement and this article,  of bonds aggregating at least fifty-one per cent of the principal amount of all bonds of the district then outstanding,  for the purpose of obtaining constructive consent of the unknown holders of outstanding bonds of the district and the holders of bonds who have not deposited them with the state treasurer,  the board of directors of the district shall,  in the name and for and on behalf of the district,  file in the superior court in the county in which the office of the district is located a petition in rem,  verified by the oath of the president and secretary of the district,  which shall set forth the plan embodied in the bondholders' agreement for retiring or refunding the bonds of the district proposed to be retired or refunded. The petition shall recite the percentage in amount of the holders of the bonds to be retired or refunded who have deposited their bonds with the state treasurer,  and shall further set forth what steps have been taken to obtain the consent of all known holders of the bonds.
AZ Rev Stat § 48-3245 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3245 - Publication of bondholders' agreement; filing of dissents to agreement

48-3245.  Publication of bondholders' agreement;  filing of dissents to agreement A. Upon presentation of the petition to the judge of the superior court,  either in open court or in chambers,  the judge shall direct the district to publish,  and the district shall cause to be published,  as nearly concurrently as practicable,  for at least four consecutive weeks in a newspaper of general circulation published in the county in which the office of the district is located and in one financial journal of national circulation published in the city of New York,  designated by the court,  a notice describing in substance the terms of the bondholders' agreement under which the outstanding bonds of the district are to be surrendered,  refunded,  satisfied,  compromised,  exchanged or discharged. A certified copy of the notice and petition shall forthwith be served upon the state certification board and on the state treasurer. B. The notice shall contain a general description of the bonds to be refunded or retired and the amount thereof,  and a general description of the refunding bonds,  if any,  to be issued under the terms of the bondholders' agreement,  and shall require all holders of outstanding bonds to be retired or refunded to file in such superior court their written dissent from or objection to the proposed plan of settlement described in the notice. If the dissent in writing is not filed within ninety days after the first publication of notice in the financial journal,  the owners and holders of outstanding bonds failing to file a dissent or objection shall be deemed to have consented to the terms and provisions of the bondholders' agreement and the provisions of this article.
AZ Rev Stat § 48-3246 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3246 - Failure to file dissent deemed acceptance of agreement

48-3246.  Failure to file dissent deemed acceptance of agreement After the expiration of ninety days from the date of the first publication of notice in such financial journal the holders of outstanding bonds failing to file their objections and protests with the court shall be deemed to have consented to refunding,  compromise or settlement of the bonds under the terms and provisions of the bondholders' agreement,  and such failure shall be equivalent to the acceptance in writing signed by the known consenting bondholders of outstanding bonds or the deposit with the state treasurer of the bonds owned and held by them subject to the provisions of the bondholders' agreement and this article.
AZ Rev Stat § 48-3247 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3247 - Hearing; judgment

48-3247.  Hearing;  judgment A. After the expiration of ninety days from the date of the first publication of the notice in such financial journal the board of directors shall file in the superior court a verified return of its acts under the order of the court theretofore made,  attaching thereto affidavits of the publishers of the newspaper and the financial journal of the publication of notice. B. Thereupon the court,  or the judge thereof in chambers,  shall forthwith hear the matter and shall enter a judgment adjudging that all the owners and holders of the outstanding bonds to be retired or refunded under the terms of the bondholders' agreement who have not within ninety days after the date of the first publication of notice in the financial journal filed their written dissent and objection to the terms of the bondholders' agreement have consented that their bonds may be retired or refunded under the terms of the bondholders' agreement. In the judgment the court shall direct the officers of the district to deposit with the state treasurer,  as trustee for the persons entitled thereto,  the pro rata part of the cash or refunding bonds,  or both,  which under the terms of the bondholders' agreement belongs to the owners of such bonds whose consent was obtained under the provisions of section 48-3246. The judgment shall further provide that upon payment of the money or delivery of refunding bonds,  or both,  provided for in the bondholders' agreement to the state treasurer as trustee,  the bonds held by such holders shall be deemed paid,  and shall no longer be an obligation of the district,  and that upon the surrender to the state treasurer of the outstanding bonds,  together with unpaid interest coupons attached thereto,  the state treasurer shall pay or deliver upon demand to the holders their pro rata part of the monies or refunding bonds,  or both,  deposited with him as such trustee,  and shall mark the bonds cancelled and deliver them to the irrigation district. C. All holders of outstanding bonds to be retired or refunded shall be deemed to have notice of all proceedings had relating thereto as provided by this article.
AZ Rev Stat § 48-3248 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3248 - Procedure in court action; appeal to supreme court; costs

48-3248.  Procedure in court action;  appeal to supreme court;  costs A. The procedure in the superior court under the provisions of this article shall be in the nature of an equitable proceeding in rem. B. The court in inquiring into the regularity,  legality or correctness of the proceedings shall disregard any error,  irregularity or omission which does not affect the substantial rights of the parties,  and may approve the proceedings in part and disapprove the remainder thereof. C. Holders of any outstanding bonds affected by the action taken as provided for in this article,  or any other interested party,  may appeal to the supreme court at any time within thirty days after rendition of the judgment of the superior court. The appeal shall be heard and determined within three months from the time the appeal is taken. D. The costs of the proceedings and the appeal may be allowed and apportioned between the parties in the discretion of the court.
AZ Rev Stat § 48-3249 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3249 - Abrogation of agreement by failure to deposit fifty-one per cent of bonds

48-3249.  Abrogation of agreement by failure to deposit fifty-one per cent of bonds If the bonds of the district deposited with the state treasurer at the end of two years from the date of the adoption of the bondholders' agreement are less than fifty-one per cent of the principal amount of all bonds of the district then outstanding,  the bondholders' agreement shall be abrogated and the committee discharged,  and the state treasurer shall return any bonds theretofore deposited with him to the respective owners thereof.
AZ Rev Stat § 48-3250 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3250 - Change in terms of agreement; effective date

48-3250.  Change in terms of agreement;  effective date If the committee determines at any time that it is necessary or desirable to change or deviate from the terms,  conditions and proposals of the plan adopted and set forth in the bondholders' agreement,  it shall reduce the proposed change or deviation to writing and submit it to the board of directors for approval or rejection. If the proposed change or deviation is approved by the board of directors,  the committee shall mail a copy thereof,  postage prepaid,  to each bondholder who has deposited his bonds to the last known place of residence of the holder. The changes or deviations proposed by the committee and approved by the board of directors shall become a part of the bondholders' agreement and binding upon all bondholders who have not withdrawn their deposited bonds within thirty days from the date of the deposit of the copies of such notice in the United States post office at the city of Phoenix.
AZ Rev Stat § 48-3251 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3251 - Permissive deposit of bonds with treasurer

48-3251.  Permissive deposit of bonds with treasurer Any bondholders may at any time deposit his bonds with the state treasurer and thereafter be entitled to the benefits and subject to the liabilities of the bondholders' agreement and any amendments thereof.
AZ Rev Stat § 48-3252 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3252 - Expenses of committee; payment

48-3252.  Expenses of committee;  payment A. The actual and necessary expenses of the bondholders' committee incurred in the performance of the duties imposed by this article or by the bondholders' agreement shall be paid as other operating expenses of the district. The total amount of such expenses shall not exceed one thousand dollars in a district having a total of ten thousand acres or less,  or fifteen hundred dollars if more than ten thousand but less than twenty thousand acres,  nor shall it exceed twenty cents per acre in a district having an acreage between twenty thousand and thirty thousand acres,  fifteen cents if between thirty thousand and forty thousand acres,  or ten cents if in excess of forty thousand acres. B. If the district does not have funds available to meet such expenses currently and as needed,  the board of directors may from time to time borrow upon its warrants or promissory notes,  the amount required to meet such expenses,  bearing interest at a rate of not to exceed eight per cent per annum. C. The board of directors may include in the next annual estimate of expenditures the necessary amounts for the payment and satisfaction of the loan,  warrants or promissory notes,  together with the interest accrued and the interest estimated to accrue to the time of payment.
AZ Rev Stat § 48-3253 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3253 - Powers of committee in enforcing agreement

48-3253.  Powers of committee in enforcing agreement Immediately upon the bondholders' agreement becoming effective,  the committee may perform,  enforce and carry out the terms and conditions of the bondholders' agreement,  with all of the powers expressed therein or implied therefrom.
AZ Rev Stat § 48-3254 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3254 - Abrogation of agreement and discharge of committee when bond obligations discharged; discharge of individual from tax liability by payment of proportionate liability

48-3254.  Abrogation of agreement and discharge of committee when bond obligations discharged;  discharge of individual from tax liability by payment of proportionate liability A. When all bond obligations of the district accrued or to accrue during the operation of the bondholders' agreement,  and the expenses incident thereto,  have been discharged in full,  and upon the certificate of the state treasurer to that effect filed with the state certification board,  the bondholders' agreement and the committee shall be abrogated and discharged,  and all rights and powers of the district restricted or suspended by the bondholders' agreement shall be restored. B. When an agreement has been entered into and executed by and between the bondholders' committee and the board of directors as provided by this article,  or when any agreement is made by the board of directors and any group of bondholders acting individually or by a bondholders' committee,  whether or not organized under the provisions of this article,  whereby fifty-one per cent or more of such bondholders agree to accept in satisfaction of district bonds a stipulated price per acre,  then any landowner may,  if provided for in the agreement,  discharge his land from the tax liability for the payment of bond interest and bond principal by paying his proportion of the bond tax liens. Upon making payment of such proportionate liability there shall be issued to him by the bondholders' representative or a person designated in the agreement between the board of directors and the bondholders,  a satisfaction of the bond liability,  and the lands shall no longer be liable for the payment of bond principal or bond interest and shall be excluded from district assessments for such purposes. To the extent that the bond principal or bond interest is reduced by such individual payments,  the annual tax levy of the district shall be correspondingly reduced and the board of directors shall levy a district tax only for the unsatisfied portion of bond principal and bond interest.
AZ Rev Stat § 48-3255 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3255 - Partial payment of bonds and interest

48-3255.  Partial payment of bonds and interest Upon granting the petition and during the retention of jurisdiction by the committee,  if there are in the district treasury at any time funds available for the payment of bonds or interest thereon,  but such amount is not sufficient to pay all outstanding bonds,  interest coupons,  or both,  then due,  the funds shall be held until they amount to at least twenty per cent of the total due on all outstanding bonds and coupons and shall then be apportioned and paid to the holders of the bonds which are then on deposit with the state treasurer.
AZ Rev Stat § 48-3256 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3256 - Acceptance of bond interest coupons by committee

48-3256.  Acceptance of bond interest coupons by committee When the committee has acquired jurisdiction under this article,  and during the continuance thereof,  no bond interest coupon shall be received or accepted in payment or discharge of any district tax other than and except for the payment of taxes levied for the payment and satisfaction of bond interest or bond principal.
AZ Rev Stat § 48-3401 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3401 - Owner defined

48-3401.  Owner defined In this chapter,  unless the context otherwise requires,  " owner"  means the person who appears upon the records of the office of the county recorder as the holder of legal title in fee simple to land within the district. When it appears from the records of the clerk of the superior court of the county that such record owner is deceased and distribution of his estate has not been made,  the owner shall be deemed to be the executor or administrator of his estate if one has been appointed. Executors,  administrators,  guardians of estates of minors and incompetents and trustees holding legal title may sign any petition,  consent,  waiver or protest provided for by this chapter,  with the approval of the superior court in which the estate,  guardianship or trusteeship is pending. When a trusteeship exists without any proceeding pending in court,  the approval may be given by the superior court of the county in which the land is located upon written application therefor. No notice shall be required to be given by any executor,  administrator,  guardian or trustee of an application for the order of approval unless the court to whom the application is made shall so order.