§ 4652. Waiver of defenses; rights of holder
§ 4652. Waiver of defenses; rights of holder On the sale and issuance of any municipal bonds or revenue bonds to the Bank by any governmental unit, that governmental unit is deemed to agree that on the failure of that governmental unit to pay interest or principal on any of the municipal bonds or revenue […]
§ 4653. Bond anticipation notes
§ 4653. Bond anticipation notes Notwithstanding any law applicable to any governmental unit as to the period for temporary financing of any public improvement or purpose by issuance of its notes in anticipation of the issuance of permanent bonds or as to the renewal of bond anticipation notes, the Bank may purchase and the governmental […]
§ 4654. Marketability; certification
§ 4654. Marketability; certification All municipal bonds, revenue bonds, or other investments of monies of the Bank provided for under this chapter must at all times be purchased in negotiable form, subject to provision for any registration in the name of the Bank or for issuance in book entry form pursuant to section 1881 of […]
§ 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. […]
§ 4650. Interest rates
§ 4650. Interest rates Notwithstanding section 1759 of this title, or any other law applicable to or constituting any limitation on the maximum rate of interest per annum payable on bonds or notes, or as to annual interest cost to maturity of money borrowed or received upon issuance of bonds or notes, or purporting to […]
§ 4651. Exchange of coupon bonds
§ 4651. Exchange of coupon bonds The governing body of the governmental unit may provide for the exchange of coupon bonds for fully registered bonds and of fully registered bonds for coupon bonds and for the exchange of the bonds after issuance for bonds of larger or smaller denominations, all according to the proceedings authorizing […]
§ 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 […]