§ 46-25-37. Bonds authorized — Maturity — Certification and endorsement.
(a) The general treasurer is hereby authorized and empowered, with the approval of the
governor and in accordance with the provisions of this chapter, to issue, from time
to time, bonds in the name and behalf of the state, and in such amounts as may be
specified, from time to time, by the governor in an aggregate principal amount not
to exceed eighty-seven million, seven hundred thousand dollars ($87,700,000) to be
designated as "Narragansett Bay water quality management district commission loan
of 1980�. The bonds shall be in denominations of one thousand dollars ($1,
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§ 46-25-37. Bonds authorized — Maturity — Certification and endorsement.
(a) The general treasurer is hereby authorized and empowered, with the approval of the
governor and in accordance with the provisions of this chapter, to issue, from time
to time, bonds in the name and behalf of the state, and in such amounts as may be
specified, from time to time, by the governor in an aggregate principal amount not
to exceed eighty-seven million, seven hundred thousand dollars ($87,700,000) to be
designated as "Narragansett Bay water quality management district commission loan
of 1980�. The bonds shall be in denominations of one thousand dollars ($1,000) each,
or multiples thereof, and shall be payable in any coin or currency of the United States,
which at the time of payment shall be legal tender for public or private debts. The
bonds shall bear such date or dates, mature at such time or times not exceeding twenty
(20) years from their respective date of issue, bear interest payable semiannually
at such rate or different varying rates, be payable at such time or times, at such
place or places, be subject to such terms of recall or redemption, with or without
premium, be in such form with or without interest coupons attached carrying such registration,
conversion, reconversion, transfer, debt requirement, acceleration, and other provisions
as may be fixed by the general treasurer, with the approval of the governor, upon
each issue of the bonds at the time of each issue.
(b) Whenever the governor shall approve the issuance of the bonds, he or she shall certify
the approval to the secretary of state; the general treasurer shall countersign the
bonds and affix the seal of the state. The approval of the governor shall be endorsed
on each bond so approved with a facsimile of his or her signature.