RS 2:708 Refunding bonds; single issue bonds - Louisiana Statutes

§708.  Refunding bonds; single issue bonds

A.  The authority is hereby authorized to provide by resolution for the issuance of refunding bonds of the authority for the purpose of refunding any bonds then outstanding and issued by the provisions of this Chapter, whether or not such outstanding bonds have matured or are then subject to redemption.  The authority is further authorized to provide by resolution for the issuance of a single issue of bonds of the authority for the combined purposes of:

(1)  Paying the costs of any airport or airport facility.

(2)  Refunding bonds of the authority which shall theretofore have been issued under the provisions of this Chapter and which shall then be outstanding, whether or not such outstanding bonds have matured or are then subject to redemption.

B.  The issuance of such bonds, the maturities and other details thereof, the rights and remedies of the holders thereof, and the rights, powers, privileges, duties, and obligations of the authority with respect to the same, shall be governed by the foregoing provisions of this Chapter insofar as the same may be applicable.

Acts 2008, No. 927, §1, eff. July 14, 2008.