Section 5: Recital of issuance pursuant to this act; maturity date
79 words·~1 min read·
/ma/part-i/title-vii/chapter-44a/5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.