Reference in bonds to authorizing resolutions--Negotiability.

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28-18-12. Reference in bonds to authorizing resolutions--Negotiability.

Bonds issued pursuant to §28-18-7 may refer to the authorizing resolution or resolutions for matters not expressed in the bonds, but they shall be negotiable investment securities within the meaning of chapter 57A-8, notwithstanding any conditions expressed therein or in the resolutions.

Source: SL 1963, ch 286, §5; SL 1984, ch 43, §107.


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