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State Statutes - Idaho - Title 50 - Chapter 17 - 50-1725
Idaho Statutes
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50-1725 - REISSUE OF BONDS
Where any bonds issued under this code are
declared invalid or void by order or decree of court, which may be legally
reissued, the council of such municipality shall, by ordinance, provide for
the reissuance thereof at the same rate of interest and in such amount as will
cover the principal and interest due on said bonds, and the ordinance
providing for such reissue shall provide for the surrender and cancellation of
such bonds upon which there has been a default or which have been declared
invalid or void and the lien created by the levy of such assessment or
assessments as herein provided shall not be deemed to have been lost or waived
by such reissue but shall remain in full force and effect.
 
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