Section 45-27-19. – Validation of defense housing activities.
§ 45-27-19. Validation of defense housing activities. All bonds, notes, contracts, agreements, and obligations of housing authorities issued or entered into before May 6, 1941, relating to financing or undertaking (including cooperating with or acting as an agent of the federal government in) the development or administration of any project to assure the availability of […]
Section 45-27-4. – Sale of bonds — Notice.
§ 45-27-4. Sale of bonds — Notice. The bonds may be sold at public or private sale at a price or prices that the authority determines. History of Section.P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-4; P.L. 1973, ch. 244, § 1; P.L. 2007, ch. 292, § […]
Section 45-27-5. – Interim certificates and temporary obligations.
§ 45-27-5. Interim certificates and temporary obligations. Pending the authorization, preparation, execution, or delivery of definitive bonds, the authority may issue interim certificates, or other temporary obligations to the purchaser of those bonds. The interim certificates, or other temporary obligations, shall be in a form, contain terms, conditions and provisions, bear a date or dates, […]
Section 45-27-6. – Continuing validity of signatures of officers.
§ 45-27-6. Continuing validity of signatures of officers. In case any of the officers whose signatures appear on any bonds or coupons cease to be officers before the delivery of the bonds, their signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if they had remained in office until the delivery. […]
Section 45-27-7. – Repurchase of bonds.
§ 45-27-7. Repurchase of bonds. The authority has power, out of any funds available therefor, to purchase any bonds issued by it at a price not more than the principal amount of the bonds and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased […]
Section 45-27-8. – Negotiability of bonds.
§ 45-27-8. Negotiability of bonds. Notwithstanding any provision of any law to the contrary, any bonds, interim certificates, or other obligations issued pursuant to this chapter are fully negotiable. History of Section.P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-8.
Section 45-27-9. – Terms includible in bonds or obligations.
§ 45-27-9. Terms includible in bonds or obligations. In connection with the issuance of bonds and/or the incurring of any obligations under a lease, and in order to secure the payment of those bonds and/or obligations, the authority has power: (1) To pledge by resolution, trust indenture, mortgage (subject to limitations imposed), or other contract […]
Section 45-27-10. – Mortgage of property.
§ 45-27-10. Mortgage of property. In connection with any project financed in whole or in part or otherwise aided by a government (whether through a donation of money or property, a loan, the insurance or guaranty of a loan, or otherwise), the authority also has power to mortgage all or any part of its property, […]
Section 45-27-1. – Types of bonds issuable — Pledge of revenues — Mortgages.
§ 45-27-1. Types of bonds issuable — Pledge of revenues — Mortgages. (a) The authority has power to issue bonds, from time to time in its discretion, for any of its corporate purposes. The authority also has power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. The […]
Section 45-27-2. – Liability on bonds — Statutory limitations inapplicable.
§ 45-27-2. Liability on bonds — Statutory limitations inapplicable. Neither the commissioners of the authority nor any person executing the bonds is personally liable on the bonds by reason of their issuance. The bonds and other obligations of the authority (and the bonds and obligations shall so state on their face) are not a debt […]