1. (1) be in 1 or more series;
2. (2) bear a certain date of issue;
3. (3) be executed in a certain manner;
4. (4) be sold in a certain manner at public or private, negotiated sale;
5. (5) be in certain denominations, not necessarily in equal paramounts;
6. (6) mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;
7. (7) bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and
8. (8) be paid, as to principal and interest, at certain places.

By resolution, the Board may provide that the State bonds authorized by an enabling act:

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1985, c. 717, § 1, eff. Oct. 1, 1985; Acts 2003, c. 235, § 1, eff. June 1, 2003.

Formerly Art. 31, § 21.