348.110. Bond issues and notes authorized.

Bond issues and notes authorized.

348.110. The authority may issue from time to time itsnegotiable notes and bonds in such principal amount as it shalldetermine to be necessary to provide sufficient funds forachieving its corporate purposes, including the payment ofinterest on notes and bonds of the authority, establishment ofreserves to secure such notes and bonds including any reservefunds, and all other expenditures of the authority incident toand necessary or convenient to carry out its corporate purposesand powers.

(L. 1981 H.B. 681 § 23)