Bonds or notes may be issued in such denominations, in coupon form payable to bearer or registrable as to principal or in fully registered form, with such provisions for exchangeability and interchangeability; shall bear such identifying designation or title, including words indicating whether the bonds or notes are general obligation, revenue, guaranteed revenue or limited guaranty revenue bonds or notes; shall be dated; shall bear such rate or rates of interest, including supplemental, contingent or variable interest, but, if contingent or variable interest is specified, a maximum rate or amount shall also be specified; shall be payable on those dates; may be subject to such provisions for prior redemption in whole or in part or both, at such price or prices and at such times; shall be stated to mature or may be payable in installments on a date or dates and in such amounts; may provide for the payment by the issuer of such tax or taxes on the bonds or notes, either absolutely or out of pledged revenues; and may provide for such pledge of revenues, the establishment of such reserves and other terms, as the governing body of the issuing local government unit may determine by ordinance or ordinances adopted prior to the delivery of the bonds or notes, subject to the limitations and restrictions specified in this subpart.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 53 - MUNICIPALITIES GENERALLY
Chapter 81 - Incurring Debt and Issuing Bonds and Notes
Section 8101 - Combining projects for financing or series of bonds or notes for sale
Section 8102 - Preliminary authorizations as to financing
Section 8104 - Covenant to pay bonds or notes or a guaranty
Section 8106 - Sinking fund depository and trustee for bondholders or noteholders
Section 8107 - Award of bonds or notes
Section 8108 - Bond anticipation notes
Section 8109 - Small borrowing for capital purposes
Section 8111 - Submission to department
Section 8112 - Agreements with bondholders or noteholders
Section 8113 - Lost, stolen, destroyed or mutilated bonds or notes
Section 8115 - Contractual effect of ordinances and resolutions
Section 8116 - Unfunded actuarial accrued liability - condition precedent (Repealed)
Section 8121 - Power to issue tax anticipation notes
Section 8122 - Limitation on amount of tax anticipation notes
Section 8123 - Maturity date and time of payment of interest
Section 8124 - Other terms of tax anticipation notes
Section 8125 - Security for tax anticipation notes and sinking fund
Section 8126 - Certification as to taxes and revenues to be collected
Section 8127 - Sale of tax anticipation notes
Section 8128 - Condition precedent to validity of tax anticipation notes
Section 8129 - Scope of unfunded debt
Section 8130 - Approval by court to fund unfunded debt
Section 8141 - Form of bonds or notes
Section 8142 - Limitations on stated maturity dates
Section 8143 - Disposition of proceeds notwithstanding certain limitations
Section 8144 - Number of interest rates
Section 8145 - Place and medium of payment
Section 8146 - Execution of bonds or notes
Section 8147 - Pledge of revenues
Section 8148 - Deeds of trust and other agreements with bondholders and noteholders
Section 8149 - Negotiable qualities of bonds and notes
Section 8150 - Temporary bonds or notes or interim receipts
Section 8161 - Manner of sale of bonds or notes
Section 8162 - Contents of public advertisement and of official notice of sale
Section 8163 - Proposals for purchase
Section 8164 - Opening of bids
Section 8165 - Determination of highest and best bid
Section 8166 - Required bid security
Section 8167 - Reserved right to reject bids
Section 8168 - Failure to receive conforming bid
Section 8169 - Determination of net interest cost and net interest rate