The county may by resolution issue bonds to refund any bonds issued pursuant to this
division and provide for the rights of the holders thereof. Such refunding bonds may
be issued in an amount which, together with the income thereon, will be sufficient
to pay the principal of the outstanding bonds, the interest due and payable on the
outstanding bonds to the maturity thereof or, at the option of the county, to a redemption
date on which the outstanding bonds may be callable prior to maturity, and, if redeemed,
the redemption premium, if any, due upon such date of redemption, and any expenses
of the issuance and sale of such refunding bonds. Bonds may be issued under this section
for the combined purposes of refunding and capital improvement projects.
(Ord. No. 81-6, § 10, 3-5-81)
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