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| The board may provide by resolution for the issuance of revenue |
| refunding securities of the board for the purpose of refunding any |
| obligations of the board or for the purpose of the refinancing of |
| existing indebtedness then outstanding that has been issued or |
| incurred under this Act or otherwise, including the payment of any |
| redemption premium and any interest accrued or to accrue to the |
| date of redemption of those obligations and, if considered |
| advisable by the board, for the additional purpose of construction |
| or enabling the construction of improvements, extensions, |
| enlargements or additions of the project, projects or part of any |
| project in connection with which the obligations to be refunded |
| were issued.__The board may provide by resolution for the issuance |
| of securities of the board for the combined purpose of refunding |
| any obligations or revenue refunding securities then outstanding or |
| for the purpose of the refinancing of existing indebtedness that |
| has been issued or incurred under this Act, or otherwise, including |
| the payment of any redemption premium on that indebtedness and any |
| interest accrued or to accrue to the date of redemption of the |
| obligations and paying all or any part of the cost of selling the |
| securities or acquiring or constructing or enabling the acquisition |
| or construction of any additional project, projects or part of any |
| project or any improvements, extensions, enlargements or additions |
| of any project, projects or part of any project.__The issuance of |
| the securities, the maturities and other details of the securities, |
| the rights and remedies of the holders of the securities and the |
| rights, powers, privileges, duties and obligations of the board, |
| with respect to the securities, are governed by this Act. |
