2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-27 - Housing Authority Bonds and Obligations
§ 45-27-3 - Authorization, form, and terms of bonds.
SECTION 45-27-3
§ 45-27-3 Authorization, form, and terms of bonds. – The bonds of the authority are authorized by its resolution, and issued in one or more series, and bearing a date or dates, maturing at a time or times (not exceeding sixty (60) years from their respective dates), bearing interest at a rate or rates (not exceeding six percent (6%) per annum payable semiannually), in denominations (which may be made interchangeable), in forms, either coupon or registered, carrying registration privileges, executed in a manner, payable in a medium of payment, at a place or places, and subject to any terms of redemption (with or without premium) that the resolution or its trust indenture or mortgage may provide.
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