5-12-22. Terms and interest rate of bonds.
44 words·~1 min read·
/sd/title-5/chapter-5-12/5-12-22·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All such bonds shall mature within twenty - five years from date and shall bear interest at a rate to be negotiated and may be sold by the Building Authority in such manner as it may deem to be in the best public interest.