California · Military and Veterans Code - MVC

MVC §482.4: A resolution of issuance may provide for the forms, denominations, registration, transfer, and interchange of revenue bonds issued thereunder.

What this law says, in plain English

A resolution authorizing revenue bond issuance may specify the bond forms, denominations, registration procedures, transfer rules, and exchange terms.

Read the full statutory text

A resolution of issuance may provide for the forms, denominations, registration, transfer, and interchange of revenue bonds issued thereunder. Revenue bonds may be issued as coupon revenue bonds or as registered revenue bonds in any denomination or denominations authorized by the resolution of issuance. A resolution of issuance may provide for the interchange of coupon revenue bonds and registered revenue bonds, and may provide for the registration of coupon revenue bonds as to principal only or as to both principal and interest. Revenue bonds of different denominations, in either coupon or registered form, may be made exchangeable for revenue bonds of an equal aggregate principal amount, but of different denominations upon such terms as may be provided in the resolution of issuance.

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