Section 204-C:29 Maturity Dates.
The notes and bonds shall be authorized by resolution of the authority, shall bear such date or dates and shall mature at such time or times in the case of any such note, or any renewals of such note, not exceeding 8 years from the date of issue of the original such note, and in the case of any such bond not exceeding 50 years from the date of its issue as such resolution or resolutions may provide. The bonds may be issued as serial bonds payable in annual installments or as term bonds or as a combination of both. The notes and bonds shall bear interest at such rate or rates, be in such denominations, have such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places within or without the state and be subject to such terms of redemption as such resolution or resolutions may provide. The notes and bonds of the authority may be sold by the authority at public or private sale at such price or prices as the authority shall determine, and the authority may pay all expenses, premiums and commissions which it may deem necessary or advantageous in connection with the issuance and sale of such notes and bonds.
Source. 1981, 466:2, eff. July 1, 1981.