§ 45-38.1-8 — § 45-38.1-8. Notes of the corporation.

Rhode Island § 45-38.1-8

• Jurisdiction: Rhode Island
• Title 45: Towns and cities
• Ch. 45-38.1: Health and Educational Building Corporation

Text

§ 45-38.1-8. Notes of the corporation.

The corporation has the power and is hereby authorized, from time to time, to issue its negotiable notes, revenues anticipation notes, and capital notes for any corporate purpose or project and renew, from time to time, any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The corporation may issue notes partly to renew notes or to discharge other obligations then outstanding, and partly for any other purpose. The notes may be authorized, sold, executed, and delivered in the same manner as bonds. Any resolution or resolutions authorizing notes of the corporation, or any issue of notes, may contain any provisions which the corporation is authorized to include in any resolution or resolutions authorizing revenue bonds of the corporation or any issue thereof, and the corporation may include, in any notes, any terms, covenants, or conditions which it is authorized to include in any bonds. All the notes are payable solely from the revenues of the corporation, subject only to any contractual rights of the holders of any of its notes or other outstanding obligations.

Legislative History

P.L. 1967, ch. 56, § 1; P.L. 2000, ch. 184, § 1.