Rhode Island § 45-27-7 § 45-27-7. Repurchase of bonds.

Rhode Island Statutes

§ 45-27-7 — § 45-27-7. Repurchase of bonds.

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

§ 45-27-7. Repurchase of bonds.
The authority has power, out of any funds available therefor, to purchase any bonds
            issued by it at a price not more than the principal amount of the bonds and the accrued
            interest; provided, that bonds payable exclusively from the revenues of a designated
            project or projects shall be purchased out of any revenues available therefor. All
            bonds so purchased shall be cancelled. This section does not apply to the redemption
            of bonds.
         

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§ 45-27-7. Repurchase of bonds.

The authority has power, out of any funds available therefor, to purchase any bonds issued by it at a price not more than the principal amount of the bonds and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any revenues available therefor. All bonds so purchased shall be cancelled. This section does not apply to the redemption of bonds.

Rhode Island § 45-27-7 (§ 45-27-7. Repurchase of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.