As Amended
SEC. 37-101-415. Terms and conditions of bonds.
The principal of and interest on such bonds shall be payable in the manner set forth in Sections 37-101-401 through 37-101-431. Such bonds shall bear date or dates, be in such denomination or denominations, bear interest at such rate or rates, be payable at such place or places within or without the State of Mississippi, shall mature absolutely at such time or times, be redeemable prior to maturity at such time or times and upon such terms, with or without premium, shall bear such registration privileges, and shall be substantially in such form, all as shall be determined by resolution of the State Bond Commission; however, such bonds shall mature or otherwise be retired in annual installments beginning not more than two (2) years from date thereof and extending not more than ten (10) years from date thereof.
SOURCES: Laws, 1989, ch. 498, Sec. 8, eff from and after passage (approved April 4, 1989).