Section 5. All qualified bonds when issued shall contain a recital to the effect that they are issued pursuant to the Qualified Bond Act and are entitled to the benefits of the provisions of this chapter. The final maturity of such qualified bonds shall occur not less than ten nor more than thirty years from the date of issuance without regard to any limitation as to maturities or amounts of annual installments for bonds provided in any other law.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 44a - Qualified Bond Act
Section 2 - Application to Qualify Bonds; Investigation; Costs
Section 3 - Resolution of Board to Authorize Qualified Bonds; Release
Section 4 - Authorization to Issue Bonds; Time for Adoption of Resolution
Section 5 - Recital of Issuance Pursuant to This Act; Maturity Date
Section 7 - Certification to State Treasurer; Payment of Debt Service; Costs Assessed
Section 8 - Covenant by Commonwealth
Section 9 - Certification Conclusive as to Amount Payable; Estoppel
Section 10 - Obligation to Appropriate or Levy Taxes to Pay Bonds When Due; Rules and Regulations
Section 11 - Bonds for Construction, Etc. of Property
Section 11a - Covenants Contained in Proceedings Authorizing Issuance of Bonds