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California Law (Last Updated: March 4, 2014) |
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Military and Veterans Code - MVC |
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Division 2. THE MILITARY FORCES OF THE STATE |
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Part 1. THE STATE MILITIA |
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Chapter 10. California National Guard Members’ Revenue Bond Act of 1978 |
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ARTICLE 3. Provisions of Resolution of Issuance and Supplemental Resolutions |
Section 482.4.
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A resolution of issuance may provide for the forms, denominations, registration, transfer, and interchange of revenue bonds issued thereunder. Revenue bonds may be issued as coupon revenue bonds or as registered revenue bonds in any denomination or denominations authorized by the resolution of issuance. A resolution of issuance may provide for the interchange of coupon revenue bonds and registered revenue bonds, and may provide for the registration of coupon revenue bonds as to principal only or as to both principal and interest. Revenue bonds of different denominations, in either coupon or registered form, may be made exchangeable for revenue bonds of an equal aggregate principal amount, but of different denominations upon such terms as may be provided in the resolution of issuance.