6-13-24. Refunding; bonds retired.
62 words·~1 min read·
/nm/chapter-6-public-finances/article-13-institution-bonds/6-13-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Under the Institution Bond Act, outstanding bonds of more than one issue may be retired and refunded by bonds of one issue. Bonds for refunding and bonds for any other purposes authorized by the Institution Bond Act may be issued separately or in combination in one series or more.
History: 1953 Comp., § 11-9-24, enacted by Laws 1963, ch. 298, § 12.