Bonds and notes of the corporation are authorized by adoption of a resolution prescribing the date of issuance and maturity, interest rate, denomination, form, conversion privilege, rank or priority, execution, terms of redemption, medium, and place of payment. Bonds and notes may be sold in the manner, on the terms, and at the price the corporation determines. Each bond and note is negotiable. The signature of a member or an officer upon a bond or note or coupon is not invalidated by that person's ceasing to hold office before the delivery of the bond or note. The recitation of a bond or note that it has been issued in the financing of a space-related project or purpose under this chapter is conclusive as to the issuance of the bond or note and the character of the project in a challenge of the validity of the bond or note or the security for it.
Section: Previous 26.27.110 26.27.120 26.27.130 26.27.140 26.27.150 26.27.160 26.27.170 26.27.180 26.27.190 26.27.200 26.27.210 26.27.220 26.27.230 26.27.240 26.27.250 NextLast modified: November 15, 2016