The Authority may provide by resolution for the issuance of its revenue refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium on the bonds and any interest accrued or to accrue to the date of redemption of the bonds, and if considered advisable by the Authority, for either or both of the following additional purposes: constructing improvements, extensions or enlargement of the Authority facilities in connection with which the bonds to be refunded shall have been issued; and, paying all or any part of the cost of any additional Authority facilities. The issuance of bonds, the maturities, and other details of the issuance, the rights of the holders of the bonds, and the rights, duties and obligations of the Authority in respect to the bonds, shall be governed by the provisions of this chapter insofar as this chapter may be applicable. Revenue refunding bonds issued under this section may be sold or exchanged for outstanding bonds issued under this chapter and, if sold, the proceeds of the bonds may be applied to the purchase, redemption, or payment of outstanding bonds.
(Dec. 3, 1985, D.C. Law 6-67, § 12, 32 DCR 6093.)
1981 Ed., § 7-1261.
Structure District of Columbia Code
Title 9 - Transportation Systems
Chapter 9 - District of Columbia Regional Airports Authority
§ 9–902. Metropolitan Washington Airports Authority created
§ 9–903. Authorization of the Authority
§ 9–904. Membership; terms; officers
§ 9–905. Powers and duties of the Authority
§ 9–906. Authority rules and regulations
§ 9–908. Operation of foreign trade zone
§ 9–909. Acquisition of property; eminent domain
§ 9–913. Marketability of bonds
§ 9–914. Bonds as legal investments and security for public deposits
§ 9–915. Credit of the District not pledged
§ 9–921. Exemption from taxation
§ 9–922. Jurisdiction of courts; liability for contracts and torts
§ 9–923. Procurement exemption
§ 9–924. Act liberally construed