§ 6008. Purposes and powers; bonds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 64 Pa.C.S.A. Public Authorities and Quasi-Public CorporationsEffective: February 5, 2004
Effective: February 5, 2004
64 Pa.C.S.A. § 6008
§ 6008. Purposes and powers; bonds
(2) Bonds must be signed by or must bear the facsimile signature of such officers as the authority determines. Coupon bonds must have attached interest coupons bearing the facsimile signature of the treasurer of the authority as prescribed in the authorizing resolution. Bonds may be issued and delivered notwithstanding that one or more of the signing officers or the treasurer has ceased to be an officer when the bonds are actually delivered. Bonds must be authenticated by an authenticating agent, a fiscal agent or a trustee, if required by the authorizing resolution.
(b) Negotiability.--Bonds shall have all the qualities of negotiable instruments under 13 Pa.C.S. Div. 31 (relating to negotiable instruments).
(1) Subject to the provisions of the outstanding bonds, notes or other obligations issued under the former provisions of the act of June 27, 1986 (P.L. 267, No. 70), known as the Pennsylvania Convention Center Authority Act, formerly codified at 53 Pa.C.S. Ch. 59 (relating to Pennsylvania Convention Center Authority), and if not otherwise inconsistent, subject to the provisions of this chapter, the authority shall have the right and power to refund any outstanding debt, in whole or in part, at any time and shall have the right and power to refund any outstanding notes with bonds or bonds with notes.
Credits
2004, Feb. 5, P.L. 7, No. 3, § 2, effective Feb. 5, 2004.
Footnotes
13 Pa.C.S.A. § 3101 et seq.
64 Pa.C.S.A. § 6008, PA ST 64 Pa.C.S.A. § 6008
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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