Bonds and notes of the corporation issued under AS 18.55.100 - 18.55.290 are authorized by adoption of a resolution prescribing the date of issuance and maturity, interest rate, denomination, form, conversion privilege, rank or priority, execution, terms of redemption, medium and place of payment. Bonds and notes may be sold in the manner, on the terms, and at the price the corporation determines. Each bond and note is negotiable. The signature of a member of the board of directors of the corporation or an officer of the corporation upon a bond or note or coupon is not invalidated by that person's ceasing to hold office before the delivery of the bond or note. The recitation of a bond or note that it has been issued in the financing of a housing or public building project under AS 18.55.010 - 18.55.290 is conclusive as to the issuance of the bond or note and the character of the project in a challenge of the validity of the bond or note or the security for it.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 55. Housing, Public Buildings, Urban Renewal, and Regional Housing Authorities
Article 1. Housing Project and Public Building Assistance Act.
Sec. 18.55.010. Purpose of AS 18.55.100 - 18.55.290.
Sec. 18.55.080. Members or employees prohibited from acquiring interest in projects.
Sec. 18.55.100. Powers of corporation.
Sec. 18.55.110. Cooperation with and aid of federal government.
Sec. 18.55.120. Housing for low-income households.
Sec. 18.55.130. Qualifications of tenants.
Sec. 18.55.140. Issuance of bonds, notes, and refunding bonds.
Sec. 18.55.150. Security for bonds.
Sec. 18.55.160. Limitation of liability on bonds.
Sec. 18.55.170. Exemption from taxes.
Sec. 18.55.180. Issuance and sale of bonds and notes.
Sec. 18.55.187. Independent financial advisor.
Sec. 18.55.200. Additional powers to secure bonds or obligations under leases.
Sec. 18.55.210. Right of obligee of corporation to bring action.
Sec. 18.55.220. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 18.55.230. Exemption of real property of corporation from execution or other process.
Sec. 18.55.240. Power of corporation to obtain federal aid and cooperation.
Sec. 18.55.250. Property of corporation exempt from taxes and assessments.
Sec. 18.55.255. Disposal of surplus property.
Sec. 18.55.260. Legality of corporation's bonds as investments.
Sec. 18.55.270. Recommendations for legislation.
Sec. 18.55.280. Public loans or donations to or cooperation with corporation.