46A-1-28. Payment of interim notes on issue of revenue bonds.
57 words·~1 min read·
/sd/title-46/chapter-46-1/46a-1-28A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Contemporaneously with the issue of revenue bonds as provided by this chapter, all interim notes, even though they may not then have matured, shall be paid, both principal and interest to date of payment, from the funds derived from the sale of revenue bonds for the permanent financing and such interim notes shall be surrendered and canceled.