§53-29  Minimum amount of stock and
debentures.  Except as provided in this section the stock and income
debenture certificates issued by the redevelopment corporation shall in no
event be less than the total of ten per cent of the total actual final cost, as
defined in [paragraph] (2) of section 53-32, of any project or projects
undertaken pursuant to this part.  The redevelopment agency may permit stock or
income debenture certificates to be issued for working capital to be used in
connection with the project to an amount not exceeding five per cent of the
estimated cost, or five per cent of the total actual final cost, if that should
exceed the estimated cost of a project. [L 1949, c 379, §12; RL 1955, §143-28;
am L 1959, c 96, §1; HRS §53-29]