§ 35-65-302 — Resolution

(1) Any resolution authorizing the issuance of bonds
under the terms of this part 3 shall:

(a) State the date of issuance of the bonds;

(b) State a maturity date or dates during a period not to exceed thirty years
from the date of issuance of the bonds;

(c) State the interest rate or rates on, and the denomination or
denominations of, the bonds;

(d) State the form of the bond, whether bearer or registered;

(e) State the medium of payment of the bonds and the place where the
bonds will be paid.

(2) Any resolution authorizing the issuance of bonds under the terms of this
part 3 may:

(a) State that the bonds are to be issued in one or more series;

(b) State a rank or priority of the bonds;

(c) Provide for redemption of the bonds prior to maturity, with or without
premium.

Legislative History

Source: L. 75: Entire part added, p. 1354, � 1, effective July 14.