§ 45-33.2-9 - Temporary anticipation notes. - Rhode Island Statutes

SECTION 45-33.2-9

   § 45-33.2-9  Temporary anticipation notes.– In anticipation of the issue of bonds under this chapter, and subject to anyprovisions of the vote authorizing the bonds, the officers authorized to sellthe bonds may, without further authorization, issue temporary notes. The notesmay be secured as in the case of bonds and, except as otherwise provided inthis section, the provisions of other sections of this chapter referring tobonds are also deemed to refer to the notes. The notes need not bear the sealof the city or town or a facsimile of the seal. The notes are payable withinthree (3) years from their respective dates, but the principal of and intereston notes issued for a shorter period may be refunded from time to time by theissue of other notes maturing within three (3) years from the original date ofissue of the indebtedness being refunded.