Section 37.15.050. Redemption.

Latest version.

The state bond committee may determine whether the bonds are subject to redemption before their fixed maturities and may fix the premium for and all other terms of the redemption.  A bond is not subject to redemption before its fixed maturity date unless the right to so redeem the bond is expressly mentioned on the face of the bond.

Notes

History

(Sec. 1 ch 175 SLA 1960; am Sec. 4 ch 104 SLA 1967; am Sec. 1 ch 26 SLA 1968; am Sec. 7 ch 143 SLA 1968)

                    
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