263A.4 - BONDS OR NOTES PROVISIONS.

        263A.4  BONDS OR NOTES PROVISIONS.
         Such bonds or notes may bear such date or dates, may bear interest
      at such rate or rates, payable semiannually, may mature at such time
      or times, may be in such form and denominations, carry such
      registration privileges, may be payable at such place or places, may
      be subject to such terms of redemption prior to maturity with or
      without premium, if so stated on the face thereof, and may contain
      such terms and covenants, including the establishment of reserves,
      all as may be provided by this chapter, section 76.17, and the
      resolution of the board authorizing the issuance of the bonds or
      notes.  In addition to the estimated cost of construction, including
      site costs, the cost of the project may include interest upon the
      bonds or notes during construction and for six months after the
      estimated completion date, the compensation of a fiscal agent or
      adviser, engineering, architectural, administrative, and legal
      expenses and provision for contingencies.  Such bonds or notes shall
      be executed by the president of the state board of regents and
      attested by the executive director, secretary, or other official
      thereof performing the duties of executive director, and the coupons
      thereto attached shall be executed with the original or facsimile
      signatures of said president, executive director, secretary, or other
      official; provided, however, that the facsimile signature of either
      of such officers executing such bonds may be imprinted on the face of
      the bonds in lieu of the manual signature of such officer, but at
      least one of the signatures appearing on the face of each bond shall
      be a manual signature.  Any bonds or notes bearing the signatures of
      officers in office on the date of the signing thereof shall be valid
      and binding for all purposes, notwithstanding that before delivery
      thereof any or all such persons whose signatures appear thereon shall
      have ceased to be such officers.  Each such bond or note shall state
      upon its face the name of the institution on behalf of which it is
      issued, that it is payable solely and only from hospital income
      received by such institution as provided in this chapter, and that it
      does not constitute a debt of or charge against the state of Iowa
      within the meaning or application of any constitutional or statutory
      limitation or provision.  The issuance of such bonds or notes shall
      be recorded in the office of the treasurer of the institution, and a
      certificate by such treasurer to this effect shall be printed on the
      back of each such bond or note.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 263A.4] 
         Section History: Recent Form
         2006 Acts, ch 1051, §9; 2009 Acts, ch 173, §18, 36