Section 17. A municipality acting by and through an authority is hereby authorized to 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 thereon and any interest accrued or to accrue to the date of redemption of such bonds, and, if deemed advisable by the issuing municipality acting by and through its authority for either or both of the following additional purposes:—(i) constructing improvements, of any project and (ii) paying all or any part of the cost of any additional project. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the issuer in respect of the same, shall be governed by the provisions of this chapter in so far as the same may be applicable.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 40d - Industrial Development of Cities and Towns
Section 3 - Board of Directors of Authority; Appointment; Terms
Section 4 - Removal of Directors; Interested Directors
Section 6 - Compensation and Expenses of Directors
Section 7 - Powers of Municipalities
Section 8 - Financing Documents; Excess Payments
Section 9 - Borrowing Money and Issuance of Bonds; Trust Agreements
Section 10 - Requisites for Issuance and Status of Bonds
Section 11 - Proceeds of Bonds
Section 12 - Issuance of Bonds; Conditions
Section 13 - Deposit of Proceeds From Bonds
Section 16 - Bondholders Remedies
Section 17 - Revenue Refunding Bonds
Section 18 - Deposit of Funds; Reports and Financial Statements; Audits
Section 20 - Exemption From Taxation; Leased Property
Section 22 - Pollution Control Facilities; Financing; Findings; Financing Authority; Applicable Laws
Section 23 - Pollution Control, Cogeneration, and Small Power Production Facilities; Grants or Loans