Statutes > Iowa Statutes > Title 11 - Natural Resources > Subtitle 5 - Public Utilities > CHAPTER 476A - ELECTRIC POWER GENERATION AND TRANSMISSION > 476A.29 - VALIDITY OF PUBLIC BONDS OR OBLIGATIONS AT DELIVERY -- TEMPORARY BONDS.

476A.29 - VALIDITY OF PUBLIC BONDS OR OBLIGATIONS AT DELIVERY -- TEMPORARY BONDS.

        476A.29  VALIDITY OF PUBLIC BONDS OR OBLIGATIONS AT      DELIVERY -- TEMPORARY BONDS.         1.  Any public bonds or obligations may be issued and delivered,      notwithstanding that one or more of the officers executing them shall      have ceased to hold office at the time when the public bonds or      obligations are actually delivered.         2.  Pending preparation of definitive bonds or obligations, an      electric power agency may issue temporary bonds or obligations that      shall be exchanged for the definitive bonds or obligations upon their      issuance.
         Section History: Recent Form
         2001 Acts, 1st Ex, ch 4, §26, 36