LD 1625
pg. 5
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LR 2152
Item 1

 
of such issue and with any 3rd-party credit or liquidity provider
or counterparties to interest rate exchange agreements, as the
authority considers necessary or convenient to the security or
issuance of the bonds, including without limitation:

 
A.__Specifying the terms of bonds, including the basis upon
which interest accrues on those bonds, which may be fixed,
variable, auction-based or adjustable; the date from which
interest begins to accrue; the time and manner of principal
payment upon scheduled maturity or redemption; the
denominations and form, which may include coupon,
registered, coupon and registered or book entry; and such
privileges as to conversion and for the replacement of
mutilated, lost or destroyed bonds as the authority may
establish;

 
B.__Providing that bonds be payable in lawful money of the
United States at a designated place or be payable in another
form of currency if the authority so designates and be
considered to be negotiable instruments issued under the
laws of the State within the meaning and for all purposes of
Title 11, Article 3-A, whether or not of the form or
character to so qualify under the terms of Title 11, Article
3-A, subject only to the applicable provisions of any trust
agreement;

 
C.__Providing that bonds be executed by the manual or
facsimile signatures of the officers or designees of the
authority;

 
D.__Providing that bonds be sold in the manner and upon the
terms determined by the authority at public or private sale,
with or without public bidding;

 
E.__Pledging or assigning revenues, contractual rights and
other assets to secure the bonds;

 
F.__Establishing loan funding deposits, debt service
reserves, capitalized interest accounts, cost of issuance
accounts and sinking funds and other accounts and their
regulation, investment and disposition;

 
G.__Providing for the issuance of additional bonds and
refunding__bonds;

 
H.__Defining the acts or omissions that constitute a default
in the duties of the authority or its obligations to
bondholders and providing the rights or remedies of such
bondholders in the event of a default;


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