§ 42-44.1-5 Bonds authorized –Maturity – Certification and execution. – (a) The general treasurer is hereby authorized and empowered, with the approvalof the governor and in accordance with the provisions of this chapter, to issuefrom time to time bonds in the name and behalf of the state and in such amountsas may be specified in an amount not to exceed five million dollars($5,000,000) from time to time by the governor to be designated as "SewageSystem and Water Supply Failure Fund of 1984." The bonds shall be indenominations of one thousand dollars ($1,000) each or multiples thereof, andshall be payable in any coin or currency of the United States which at the timeof payment shall be legal tender for public or private debts. The bonds shallbear such date or dates, mature at such time or times not exceeding twenty (20)years from their respective date of issue, bear interest payable semiannuallyat such rate or different varying rates, be payable at such time or times, atsuch place or places, be subject to such terms of recall or redemption, with orwithout premium, and be in such form, with or without interest couponsattached, carrying such registration, conversion, reconversion, transfer, debtrequirement, acceleration, and other provisions as may be fixed by the generaltreasurer, with the approval of the governor, upon each issue of the bonds atthe time of each issue.
(b) Whenever the governor shall approve the issuance of thebonds he or she shall certify approval to the secretary of state; the generaltreasurer shall countersign the bonds and affix the seal of the state. Theapproval of the governor shall be endorsed on each bond so approved with afacsimile of his or her signature.
§ 42-44.1-5 Bonds authorized –Maturity – Certification and execution. – (a) The general treasurer is hereby authorized and empowered, with the approvalof the governor and in accordance with the provisions of this chapter, to issuefrom time to time bonds in the name and behalf of the state and in such amountsas may be specified in an amount not to exceed five million dollars($5,000,000) from time to time by the governor to be designated as "SewageSystem and Water Supply Failure Fund of 1984." The bonds shall be indenominations of one thousand dollars ($1,000) each or multiples thereof, andshall be payable in any coin or currency of the United States which at the timeof payment shall be legal tender for public or private debts. The bonds shallbear such date or dates, mature at such time or times not exceeding twenty (20)years from their respective date of issue, bear interest payable semiannuallyat such rate or different varying rates, be payable at such time or times, atsuch place or places, be subject to such terms of recall or redemption, with orwithout premium, and be in such form, with or without interest couponsattached, carrying such registration, conversion, reconversion, transfer, debtrequirement, acceleration, and other provisions as may be fixed by the generaltreasurer, with the approval of the governor, upon each issue of the bonds atthe time of each issue.
(b) Whenever the governor shall approve the issuance of thebonds he or she shall certify approval to the secretary of state; the generaltreasurer shall countersign the bonds and affix the seal of the state. Theapproval of the governor shall be endorsed on each bond so approved with afacsimile of his or her signature.
§ 42-44.1-5 Bonds authorized –Maturity – Certification and execution. – (a) The general treasurer is hereby authorized and empowered, with the approvalof the governor and in accordance with the provisions of this chapter, to issuefrom time to time bonds in the name and behalf of the state and in such amountsas may be specified in an amount not to exceed five million dollars($5,000,000) from time to time by the governor to be designated as "SewageSystem and Water Supply Failure Fund of 1984." The bonds shall be indenominations of one thousand dollars ($1,000) each or multiples thereof, andshall be payable in any coin or currency of the United States which at the timeof payment shall be legal tender for public or private debts. The bonds shallbear such date or dates, mature at such time or times not exceeding twenty (20)years from their respective date of issue, bear interest payable semiannuallyat such rate or different varying rates, be payable at such time or times, atsuch place or places, be subject to such terms of recall or redemption, with orwithout premium, and be in such form, with or without interest couponsattached, carrying such registration, conversion, reconversion, transfer, debtrequirement, acceleration, and other provisions as may be fixed by the generaltreasurer, with the approval of the governor, upon each issue of the bonds atthe time of each issue.
(b) Whenever the governor shall approve the issuance of thebonds he or she shall certify approval to the secretary of state; the generaltreasurer shall countersign the bonds and affix the seal of the state. Theapproval of the governor shall be endorsed on each bond so approved with afacsimile of his or her signature.
