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Code · Louisiana · Title 39 — Public Finance

RS 39:1112

49 words·~1 min read·/la/title-39/39-53

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RS 39:1112
§1112. Maximum duration; interest
No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.
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