Iowa § 260C.59 Rates and terms of bonds or notes

Iowa Statutes

§ 260C.59 — Rates and terms of bonds or notes

Iowa § 260C.59

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 260CCOMMUNITY COLLEGES

This text of Iowa § 260C.59 (Rates and terms of bonds or notes) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 260C.59 (2026).

Text

The bonds or notes may bear a date or dates, may bear interest at such rate or rates, may
mature at such time or times, may be in such form, carry such registration privileges, may be
payable at such place or places, may be subject to such terms of redemption prior to maturity
with or without premium, if so stated on the face of the bonds, and may contain any terms
and covenants as may be provided by the resolution of the board authorizing the issuance of
the bonds or notes. In addition to the estimated cost of construction, the cost of the project
shall be deemed to include interest upon the bonds or notes during construction and for six
months after the estimated completion date, the compensation of a fiscal agent or adviser,
§260C.59, COMMUNITY COLLEGES 34
any underwriter discount, and 

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The bonds or notes may bear a date or dates, may bear interest at such rate or rates, may
mature at such time or times, may be in such form, carry such registration privileges, may be
payable at such place or places, may be subject to such terms of redemption prior to maturity
with or without premium, if so stated on the face of the bonds, and may contain any terms
and covenants as may be provided by the resolution of the board authorizing the issuance of
the bonds or notes. In addition to the estimated cost of construction, the cost of the project
shall be deemed to include interest upon the bonds or notes during construction and for six
months after the estimated completion date, the compensation of a fiscal agent or adviser,
§260C.59, COMMUNITY COLLEGES 34
any underwriter discount, and engineering, administrative and legal expenses. The bonds or
notesshallbeexecutedbythepresidentoftheboardofdirectorsandattestedbythesecretary.
Any bonds or notes bearing the signatures of officers in office on the date of the signing shall
be valid and binding for all purposes, notwithstanding that before delivery of the bonds or
notes any or all persons whose signatures appear on the bonds or notes shall have ceased
to be officers. Each bond or note shall state upon its face the name of the institution on
behalf of which it is issued, that it is payable solely and only from the net rents, profits and
income derived from the operation of residence halls or dormitories, including dining and
other incidental facilities, at the institution named, and that it does not constitute a charge
against the state of Iowa within the meaning or application of any constitutional or statutory
limitation or provision. The issuance of bonds or notes shall be recorded in the office of the
treasurer of the institution on behalf of which the bonds or notes are issued, and a certificate
by such treasurer to this effect shall be printed on the back of each such bond or note.