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Title VII CITIES, TOWNS AND VILLAGES

Chapter 71

previous next Effective - 28 Aug 1972bottom

  71.806.  Bonds, term of, form, interest rate, private sale authorized. — The notes and bonds issued hereunder shall bear such date or dates, and shall mature at such time or times, in the case of any general obligation bond or note not exceeding twenty years, from the date of issue of such original bond or note, and in the case of any revenue bond not exceeding fifty years from the date of issue, as may be provided by the governing body of such city.  The notes and bonds shall bear interest at such rate, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of* payment, at such place or places and be subject to such terms of redemption as provided.  The notes and bonds shall be sold at public or private sale, at such price or prices as shall be determined.

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(L. 1972 H.B. 1156 § 9)

*Word "or" appears in original rolls.


---- end of effective   28 Aug 1972 ----

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