§ 21-17-415 — General criteria for securities

Except as otherwise provided, securities issued under this act
shall be (a) in a form, (b) issued in a manner, at, above or
below par, at public or private sale, and (c) issued with
recitals, terms, covenants, conditions and other provisions, as
may be provided by the board in a resolution authorizing their
issuance and in an indenture or other proceedings appertaining
thereto.