Examples of Refunding Bond Law in a sentence
The District is a community college district duly organized and validly existing under the laws of the State of California (the “State”), with the full legal right, power and authority to issue the Bonds pursuant to the Refunding Bond Law and the Resolution, and to observe and perform the District’s covenants and agreements contained herein and therein.
No delay or omission of any Bond Owner to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein, and every power and remedy conferred upon the Bond Owners by the Refunding Bond Law or by this Article VIII may be enforced and exercised from time to time and as often as shall be deemed expedient by the Bond Owners.
The Successor Agency hereby authorizes the issuance of the Bonds under the Refunding Bond Law, for the purpose of providing funds to refinance the 2002 Series A Bonds, the 2002 Series B Bonds and the 2009 Notes.
The Board hereby determines that the prudent management of the fiscal affairs of the District requires that it issue the Refunding Bonds under the provisions of the Refunding Bond Law without submitting the question of the issuance of the Refunding Bonds to a vote of the qualified electors of the District.
The Refunding Bonds are authorized to be issued under the provisions of the Refunding Bond Law.