§ 45-33-7 — § 45-33-7. Terms and form of bonds.

§ 45-33-7. Terms and form of bonds.

Bonds of an agency are authorized by its resolution, and may be issued in one or more series, and shall bear a date or dates, mature at time or times, bear interest at a rate or rates, be in a denomination or denominations, be in a form, either coupon or registered, carry conversion or registration privileges, have a rank or priority, be executed in a manner, be payable in a medium of payment, at a place or places, and be subject to terms of redemption (with or without premium) that the resolution, its trust indenture, or mortgage may provide. Bonds of an agency may be sold at public or private sale at a price or prices to be determined by the agency.

Legislative History

P.L. 1956, ch. 3654, § 79; G.L. 1956, § 45-33-7; P.L. 1999, ch. 497, § 2.