49-16B-34. Interim notes--Interest--Redemption by authority.
42 words·~1 min read·
/sd/title-49/chapter-49-16/49-16b-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Interest on the notes may be made payable semiannually, annually or at maturity. The notes may be made redeemable, prior to maturity, at the option of the authority, in the manner and upon the terms fixed by the resolution authorizing their issuance.