2010 Utah Code
Title 63H - Independent State Entities
Chapter 01 - Military Installation Development Authority Act
63H-1-601 - Resolution authorizing issuance of authority bonds -- Characteristics of bonds.

63H-1-601. Resolution authorizing issuance of authority bonds -- Characteristics of bonds.
(1) The authority may not issue bonds under this part unless the authority board first adopts a resolution authorizing their issuance.
(2) (a) As provided in the authority resolution authorizing the issuance of bonds under this part or the trust indenture under which the bonds are issued, bonds issued under this part may be issued in one or more series and may be sold at public or private sale and in the manner provided in the resolution or indenture.
(b) Bonds issued under this part shall bear the date, be payable at the time, bear interest at the rate, be in the denomination and in the form, carry the conversion or registration privileges, have the rank or priority, be executed in the manner, be subject to the terms of redemption or tender, with or without premium, be payable in the medium of payment and at the place, and have other characteristics as provided in the authority resolution authorizing their issuance or the trust indenture under which they are issued.

Enacted by Chapter 23, 2007 General Session