§48E-16  Refunding special purpose revenuebonds.  The governing body of a county, by separate ordinance finallyenacted by an affirmative vote of two-thirds of the members to which suchgoverning body is entitled, may authorize the issuance of refunding specialpurpose revenue bonds of the county for the purpose of refunding any specialpurpose revenue bonds then outstanding and issued by that county under thischapter, whether or not such outstanding special purpose revenue bonds havematured or are then subject to redemption.  Each county is authorized toprovide, by separate ordinance finally enacted by an affirmative vote oftwo-thirds of the members to which such governing body is entitled, for theissuance of a single issue of special purpose revenue bonds of the county forthe combined purposes of (1) financing the cost of a pollution control projector improvement or expansion thereof, and (2) refunding special purpose revenuebonds of the county which theretofore shall have been issued under this chapterand then shall be outstanding, whether or not such outstanding special purposerevenue bonds have matured or then are subject to redemption.

Nothing in this section shall require or bedeemed to require a county to elect to redeem or prepay special purpose revenuebonds being refunded which were issued in the form customarily known as termbonds in accordance with any sinking fund installment schedule specified in anyordinance authorizing the issuance thereof, or, if a county elects to redeem orprepay any such bonds, to redeem or prepay as of any particular date or dates. The issuance of such special purpose revenue bonds, the maturities, and otherdetails thereof, the rights and remedies of the holders thereof, and therights, powers, privileges, duties, and obligations of the county with respectto the bonds, shall be governed by the foregoing provisions of this chapterinsofar as the provisions may be applicable. [L 1983, c 237, pt of §2]