315.600 - Bonds for corporate and refunding purposes.

315.600  Bonds for corporate and refunding purposes.  An authority shall have power:

      1.  To issue bonds from time to time, in its discretion, for any of its corporate purposes.

      2.  To issue refunding bonds for the purpose of paying or retiring bonds previously issued by it.

      [Part 12:253:1947; 1943 NCL § 5470.12]