Current through 11/5/2024 election
Section 35-65-302 - Resolution(1) Any resolution authorizing the issuance of bonds under the terms of this part 3 shall: (a) State the date of issuance of the bonds;(b) State a maturity date or dates during a period not to exceed thirty years from the date of issuance of the bonds;(c) State the interest rate or rates on, and the denomination or denominations of, the bonds;(d) State the form of the bond, whether bearer or registered;(e) State the medium of payment of the bonds and the place where the bonds will be paid.(2) Any resolution authorizing the issuance of bonds under the terms of this part 3 may: (a) State that the bonds are to be issued in one or more series;(b) State a rank or priority of the bonds;(c) Provide for redemption of the bonds prior to maturity, with or without premium.L. 75: Entire part added, p. 1354, § 1, effective July 14.