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<section article="ghs" article_name="Housing and Community Development" number="12-703" title_number="12" title_name="Provisions of Statewide Applicability" subtitle_number="7" subtitle_name="Bonds">
  <level label="a">
    <level label="1">
      <text>Bonds of an authority shall be authorized by its resolution and may be issued in one or more series.</text>
    </level>
    <level label="2">
      <text>The resolution, the trust indenture, or the mortgage shall provide for the bonds:</text>
      <level label="i">
        <text>a date or dates;</text>
      </level>
      <level label="ii">
        <text>the time or times of maturity;</text>
      </level>
      <level label="iii">
        <text>the interest rate or rates;</text>
      </level>
      <level label="iv">
        <text>the denomination or denominations;</text>
      </level>
      <level label="v">
        <text>whether they will be in coupon or registered form;</text>
      </level>
      <level label="vi">
        <text>the conversion or registration privileges;</text>
      </level>
      <level label="vii">
        <text>their rank or priority;</text>
      </level>
      <level label="viii">
        <text>the manner of execution;</text>
      </level>
      <level label="ix">
        <text>the medium of payment;</text>
      </level>
      <level label="x">
        <text>the place or places of payment; and</text>
      </level>
      <level label="xi">
        <text>the terms of redemption, with or without premium.</text>
      </level>
    </level>
    <level label="3">
      <text>Bonds may be sold at public or private sale in the manner and on the terms that a resolution of the authority authorizes.</text>
    </level>
  </level>
  <level label="b">
    <text>If a commissioner or officer of the authority whose signature is on a bond or coupon leaves office before the bond is delivered, the signature nevertheless is valid and sufficient, the same as if the commissioner or officer had remained in office until delivery.</text>
  </level>
  <level label="c">
    <text>A bond reciting in substance that it has been issued by an authority to aid in financing a housing project to provide housing for persons of eligible income shall be considered to have been issued for that purpose in a proceeding involving the validity or enforceability of the bond or its security.</text>
  </level>
</section>
