263A.4 - BONDS OR NOTES PROVISIONS.
263A.4 BONDS OR NOTES PROVISIONS.
Such bonds or notes may bear such date or dates, may bear interest
at such rate or rates, payable semiannually, may mature at such time
or times, may be in such form and denominations, carry such
registration privileges, may be payable at such place or places, may
be subject to such terms of redemption prior to maturity with or
without premium, if so stated on the face thereof, and may contain
such terms and covenants, including the establishment of reserves,
all as may be provided by this chapter, section 76.17, and the
resolution of the board authorizing the issuance of the bonds or
notes. In addition to the estimated cost of construction, including
site costs, the cost of the project may include interest upon the
bonds or notes during construction and for six months after the
estimated completion date, the compensation of a fiscal agent or
adviser, engineering, architectural, administrative, and legal
expenses and provision for contingencies. Such bonds or notes shall
be executed by the president of the state board of regents and
attested by the executive director, secretary, or other official
thereof performing the duties of executive director, and the coupons
thereto attached shall be executed with the original or facsimile
signatures of said president, executive director, secretary, or other
official; provided, however, that the facsimile signature of either
of such officers executing such bonds may be imprinted on the face of
the bonds in lieu of the manual signature of such officer, but at
least one of the signatures appearing on the face of each bond shall
be a manual signature. Any bonds or notes bearing the signatures of
officers in office on the date of the signing thereof shall be valid
and binding for all purposes, notwithstanding that before delivery
thereof any or all such persons whose signatures appear thereon shall
have ceased to be such officers. Each such bond or note shall state
upon its face the name of the institution on behalf of which it is
issued, that it is payable solely and only from hospital income
received by such institution as provided in this chapter, and that it
does not constitute a debt of or charge against the state of Iowa
within the meaning or application of any constitutional or statutory
limitation or provision. The issuance of such bonds or notes shall
be recorded in the office of the treasurer of the institution, and a
certificate by such treasurer to this effect shall be printed on the
back of each such bond or note. Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 263A.4] Section History: Recent Form
2006 Acts, ch 1051, §9; 2009 Acts, ch 173, §18, 36