17-286. Certification of bonds by attorney
general
A. The commission shall submit to the attorney general any initial bond to be
offered after all actions for the authorization of the bond have been taken by the
commission. The attorney general shall examine into and pass upon the validity of any
bond submitted and the regularity of all proceedings in connection with the bond. If the
attorney general determines that the proceedings conform to the provisions of this
article and that the bond, when delivered and paid for, will constitute a binding and
legal obligation of the commission, the attorney general shall certify on the bond or any
certificate used to indicate ownership that the bond is issued in accordance with the
constitution and laws of this state.
B. The commission may submit to the attorney general any subsequent bond to be
offered after all actions for the authorization of the bond have been taken by the
commission if the terms of the bond are substantially the same as the terms of the
initial bond reviewed pursuant to subsection A of this section. The attorney general
shall examine into and pass on the validity of any bond submitted and the regularity of
all proceedings in connection with the bond. If the attorney general determines that the
proceedings conform to the provisions of this article and that the bond, when delivered
and paid for, will constitute a binding and legal obligation of the commission, the
attorney general shall certify on the bond or any certificate used to indicate ownership
that the bond is issued in accordance with the constitution and laws of this state.
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