Louisiana Statutes
§ 39:1112 — Maximum duration; interest
Louisiana·Title 39 Procurement and Contract
No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.
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Nearby Sections
15
§ 39:11
§ 39:11§ 39:1101
§ 39:1101§ 39:1102
Governing authorities§ 39:1103
Parish purposes§ 39:1104
Municipal purposes§ 39:1105
Resolution and notice of intention§ 39:1109
Issuing bonds; resolution§ 39:111
Capital outlay budget submission§ 39:1112
Maximum duration; interest§ 39:1113
Form of bond; signing