Issuance of bonds -- determination of amount

Checkout our iOS App for a better way to browser and research.

85-9-622. Issuance of bonds -- determination of amount. In determining the amount of bonds to be issued, the directors may include:

(1) all costs of works;

(2) all costs and estimated costs of issuance of the bonds;

(3) interest which they estimate will accrue on money borrowed during the construction period and for 6 months after the period.

History: En. Sec. 27, Ch. 100, L. 1969; R.C.M. 1947, 89-3427.


Download our app to see the most-to-date content.