Rhode Island Statutes

§ 45-27-5 — § 45-27-5. Interim certificates and temporary obligations.

Rhode Island·Title 45 Towns and cities·Ch. 45-27 Housing Authority Bonds and Obligations

§ 45-27-5. Interim certificates and temporary obligations.

Pending the authorization, preparation, execution, or delivery of definitive bonds, the authority may issue interim certificates, or other temporary obligations to the purchaser of those bonds. The interim certificates, or other temporary obligations, shall be in a form, contain terms, conditions and provisions, bear a date or dates, and evidence agreements relating to their discharge or payment or the delivery of definitive bonds, as the authority may by resolution, trust indenture, or mortgage determine.

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Rhode Island § 45-27-5 (§ 45-27-5. Interim certificates and temporary obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-5.

Nearby Sections

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