Legislation
SECTION 179.00
Model forms of obligations
Local Finance (LFN) CHAPTER 33-A, ARTICLE 3
§ 179.00 Model forms of obligations. The model form of a coupon bond
and the model form of a note payable to bearer contained in schedule B
annexed hereto may be used, but this section shall not be construed to
prevent or invalidate the use of other forms in lieu thereof. Both of
such forms provide for the conversion of the obligation into a
registered obligation and also contain a provision permitting the
redemption of the obligation prior to maturity by the municipality,
school district or district corporation issuing such obligation.
and the model form of a note payable to bearer contained in schedule B
annexed hereto may be used, but this section shall not be construed to
prevent or invalidate the use of other forms in lieu thereof. Both of
such forms provide for the conversion of the obligation into a
registered obligation and also contain a provision permitting the
redemption of the obligation prior to maturity by the municipality,
school district or district corporation issuing such obligation.