§ 45-27-3. Authorization, form, and terms of bonds.
The bonds of the authority are authorized by its resolution, and issued in one or more series, and bearing a date or dates, maturing at a time or times (not exceeding sixty (60) years from their respective dates), bearing interest at a rate or rates (not exceeding six percent (6%) per annum payable semiannually), in denominations (which may be made interchangeable), in forms, either coupon or registered, carrying registration privileges, executed in a manner, payable in a medium of payment, at a place or places, and subject to any terms of redemption (with or without premium) that the resolution or its trust indenture or mortgage may provide.
History of Section.P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-3.
Structure Rhode Island General Laws
Chapter 45-27 - Housing Authority Bonds and Obligations
Section 45-27-1. - Types of bonds issuable — Pledge of revenues — Mortgages.
Section 45-27-2. - Liability on bonds — Statutory limitations inapplicable.
Section 45-27-3. - Authorization, form, and terms of bonds.
Section 45-27-4. - Sale of bonds — Notice.
Section 45-27-5. - Interim certificates and temporary obligations.
Section 45-27-6. - Continuing validity of signatures of officers.
Section 45-27-7. - Repurchase of bonds.
Section 45-27-8. - Negotiability of bonds.
Section 45-27-9. - Terms includible in bonds or obligations.
Section 45-27-10. - Mortgage of property.
Section 45-27-11. - Remedies of obligee.
Section 45-27-12. - Remedies conferrable on obligee by housing authority.
Section 45-27-13. - Remedies cumulative.
Section 45-27-14. - Limitation on remedies against property of authority.
Section 45-27-15. - Subordination of mortgage to government contract.
Section 45-27-16. - Obligations in federal contracts.
Section 45-27-17. - Validation of prior agreements.
Section 45-27-18. - Validation of previous acts.
Section 45-27-19. - Validation of defense housing activities.