Connecticut § 42b-15 Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.

Connecticut Statutes

§ 42b-15 — Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.

Connecticut·Title 42b Registered Obligations of Public Entities·Ch. 748 Registered Public Obligations

Notwithstanding any provision of the general statutes, any special act, any charter, any bond ordinance, resolution or other authorization to the contrary, any bonds or other obligations authorized to be issued by a public entity may be consolidated as part of the same issue with any other bonds or other obligations of the public entity and may be sold and as a single issue, provided that:

(1)The bonds and obligations of each issue shall be either general obligations of the public entity or secured in the same manner as all other bonds or obligations of such issue; and (2) a separate maturity schedule or sinking fund requirements, if any, shall be established by the public entity for each authorization of bonds or other obligations which is so consolidated.

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Notwithstanding any provision of the general statutes, any special act, any charter, any bond ordinance, resolution or other authorization to the contrary, any bonds or other obligations authorized to be issued by a public entity may be consolidated as part of the same issue with any other bonds or other obligations of the public entity and may be sold and as a single issue, provided that: (1) The bonds and obligations of each issue shall be either general obligations of the public entity or secured in the same manner as all other bonds or obligations of such issue; and (2) a separate maturity schedule or sinking fund requirements, if any, shall be established by the public entity for each authorization of bonds or other obligations which is so consolidated.

Connecticut § 42b-15 (Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.