Section 52032 Of Chapter 4. Revenue Bonds From California Health And Safety Code >> Division 31. >> Part 5. >> Chapter 4.
52032
. The bonds shall bear interest at such rate or rates, may be
payable at such times, may be in one or more series, may bear such
date or dates, may mature at such time or times not exceeding 45
years from their respective dates, may be payable in such medium of
payment at such place or places, may carry such registration
privileges, may be subject to such terms of redemption at such
premiums, may be executed in such manner, may contain such terms,
covenants and conditions and may be in such form, either coupon or
registered, as the resolution authorizing the bonds may provide. The
bonds may be sold at public or private sale in such manner and upon
such terms as may be provided in such resolution or by separate
resolution. Pending the preparation of definitive bonds, interim
receipts or certificates in such form and with such provisions as may
be provided in such resolution, may be issued to the purchaser or
purchasers of bonds sold pursuant to this part. The bonds and interim
receipts or certificates shall be deemed to be securities and
negotiable instruments within the meaning and for all purposes of the
Uniform Commercial Code of this state, subject to the provisions for
registration thereof contained in such resolution.