§ 4655. Presumption of validity
§ 4655. Presumption of validity After issuance, all bonds or notes of the Bank shall be conclusively presumed to be fully authorized and issued by all the laws of this State, and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution, or delivery by the Bank. (Added 1969, No. […]
§ 4645. Administrative consent or conditions not required
§ 4645. Administrative consent or conditions not required Bonds or notes may be issued under this chapter without obtaining the consent of any department, division, commission, board, bureau, or agency of the State, and without any other proceeding or the happening of any other conditions or things than those specifically required by this chapter. (Added […]
§ 4646. Approval of Governor and Treasurer
§ 4646. Approval of Governor and Treasurer No resolution or other action of the Bank providing for the issuance of bonds may be adopted or otherwise made effective without the prior approval in writing of the Governor and the State Treasurer. The powers conferred by this section on the Governor and the State Treasurer shall […]
§ 4647. Payment or refunding of notes
§ 4647. Payment or refunding of notes The Bank may from time to time issue its notes under this chapter and pay and retire or fund or refund the notes from proceeds of bonds or of other notes, or from any other funds or monies of the Bank available for that purpose in accordance with […]
§ 4648. Terms of agreement with bond or noteholder
§ 4648. Terms of agreement with bond or noteholder In any resolution of the Bank authorizing, or relating to the issuance of any bonds or notes, the Bank, in order to secure the payment of the bonds or notes and in addition to its other powers, may covenant and contract with the holders of the […]
§ 4649. Purchase and disposition of own obligations
§ 4649. Purchase and disposition of own obligations The Bank may purchase bonds or notes of the Bank out of any of its funds or money available therefor. The Bank may hold, cancel, or resell the bonds or notes subject to and in accordance with agreements with holders of its bonds or notes. (Added 1969, […]
§ 4624. Tax exemption
§ 4624. Tax exemption All property of the Bank is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes and special assessments of the State or any subdivision thereof. All bonds or notes issued under this chapter are issued by a body corporate and public of […]
§ 4641. Loans to governmental units
§ 4641. Loans to governmental units The Bank, for the purpose of this chapter, may lend money to governmental units through the purchase by the Bank of municipal bonds or revenue bonds of governmental units. The Bank, under this chapter, may issue its bonds and notes and may otherwise assist governmental units as provided in […]
§ 4642. Amount and purpose; general obligation
§ 4642. Amount and purpose; general obligation (a) The Bank may issue its bonds or notes in such principal amounts as it shall deem necessary to provide funds for any purposes under this chapter, including: (1) The making of loans; (2) The payment, funding or refunding of the principal of, or interest or redemption premiums […]
§ 4643. Form of issuance
§ 4643. Form of issuance (a) Bonds or notes of the Bank shall be authorized by resolution of the Bank and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates of interest per annum or within […]