Legal Research Home > Florida Lawyer > Teachers Retirement System Higher Educational Facilities Bonds > Florida Teachers' Retirement System; Higher Educational Facilities Bonds Code Section 243.26 - Higher Educational Facilities Bonds - Notes of authority.

Title XVI TEACHERS' RETIREMENT SYSTEM; HIGHER EDUCATIONAL FACILITIES BONDS

Chapter 243 HIGHER EDUCATIONAL FACILITIES BONDS

243.26 Notes of authority.--The authority is authorized from time to time to issue its negotiable notes for any corporate purpose and renew from time to time any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The authority may issue notes partly to renew notes or to discharge other obligations then outstanding and partly for any other purpose. The notes may be authorized, sold, executed and delivered in the same manner as bonds. Any resolution or resolutions authorizing notes of the authority or any issue thereof may contain any provisions which the authority is authorized to include in any resolution or resolutions authorizing revenue bonds of the authority or any issue thereof, and the authority may include in any notes any terms, covenants or conditions which it is authorized to include in any bonds. All such notes shall be payable solely from the revenues of the authority, subject only to any contractual rights of the holders of any of its notes or other obligations then outstanding.

History.--s. 9, ch. 69-345.

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Last modified: November 21, 2006