§ 45-33.3-3 Bonds. – (a) Any housing authority or redevelopment agency has power to issue bonds fromtime to time in its discretion for the purpose of funding any loan made underthis chapter, or for the purpose of refunding, paying, or retiring bondspreviously issued by it for that purpose.
(b) The bonds may be unsecured or secured by an assignment ofthe loan or any rights thereunder, by a pledge of any income or revenue of theauthority or the agency received on account of loan, by a mortgage on orsecurity interest in the lower income housing project financed by it, byletters of credit, lines of credit or other credit instruments, or by anycombination of the preceding as the authority or agency determines in itsdiscretion.
(c) The bonds of the authority or the agency are authorizedby its resolution, may be issued in one or more series, and shall be dated,mature at a time or times, bear interest at a rate or rates, payable at a timeor times, be in a form, be subject to terms of redemption, tender, orrepurchase and bear any other terms and conditions as the resolution, or anytrust indenture, mortgage, or other contract, providing for their issuance orsecuring the bonds, may provide.
(d) The bonds may be sold by the housing authority orredevelopment agency at public or private sale at a price or prices that theauthority or agency determines.
(e) Except to the extent inconsistent with any provision ofthis chapter, the issue of bonds pursuant to this chapter and their details,the rights of their holders and the rights, duties, and obligations of theauthority or agency in respect of the bonds are governed by the provisions ofchapters 27 and 33 of this title insofar as those provisions may be applicable.
§ 45-33.3-3 Bonds. – (a) Any housing authority or redevelopment agency has power to issue bonds fromtime to time in its discretion for the purpose of funding any loan made underthis chapter, or for the purpose of refunding, paying, or retiring bondspreviously issued by it for that purpose.
(b) The bonds may be unsecured or secured by an assignment ofthe loan or any rights thereunder, by a pledge of any income or revenue of theauthority or the agency received on account of loan, by a mortgage on orsecurity interest in the lower income housing project financed by it, byletters of credit, lines of credit or other credit instruments, or by anycombination of the preceding as the authority or agency determines in itsdiscretion.
(c) The bonds of the authority or the agency are authorizedby its resolution, may be issued in one or more series, and shall be dated,mature at a time or times, bear interest at a rate or rates, payable at a timeor times, be in a form, be subject to terms of redemption, tender, orrepurchase and bear any other terms and conditions as the resolution, or anytrust indenture, mortgage, or other contract, providing for their issuance orsecuring the bonds, may provide.
(d) The bonds may be sold by the housing authority orredevelopment agency at public or private sale at a price or prices that theauthority or agency determines.
(e) Except to the extent inconsistent with any provision ofthis chapter, the issue of bonds pursuant to this chapter and their details,the rights of their holders and the rights, duties, and obligations of theauthority or agency in respect of the bonds are governed by the provisions ofchapters 27 and 33 of this title insofar as those provisions may be applicable.
§ 45-33.3-3 Bonds. – (a) Any housing authority or redevelopment agency has power to issue bonds fromtime to time in its discretion for the purpose of funding any loan made underthis chapter, or for the purpose of refunding, paying, or retiring bondspreviously issued by it for that purpose.
(b) The bonds may be unsecured or secured by an assignment ofthe loan or any rights thereunder, by a pledge of any income or revenue of theauthority or the agency received on account of loan, by a mortgage on orsecurity interest in the lower income housing project financed by it, byletters of credit, lines of credit or other credit instruments, or by anycombination of the preceding as the authority or agency determines in itsdiscretion.
(c) The bonds of the authority or the agency are authorizedby its resolution, may be issued in one or more series, and shall be dated,mature at a time or times, bear interest at a rate or rates, payable at a timeor times, be in a form, be subject to terms of redemption, tender, orrepurchase and bear any other terms and conditions as the resolution, or anytrust indenture, mortgage, or other contract, providing for their issuance orsecuring the bonds, may provide.
(d) The bonds may be sold by the housing authority orredevelopment agency at public or private sale at a price or prices that theauthority or agency determines.
(e) Except to the extent inconsistent with any provision ofthis chapter, the issue of bonds pursuant to this chapter and their details,the rights of their holders and the rights, duties, and obligations of theauthority or agency in respect of the bonds are governed by the provisions ofchapters 27 and 33 of this title insofar as those provisions may be applicable.
