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- Alaska Statutes.
- Title 19. Highways and Ferries
- Chapter 75. Knik Arm Bridge and Toll Authority
- Section 332. Bond Resolution.
previous: Section 330
. Bond Terms.
next: Section 334
. Enforcement by Holder.
AS 19.75.332. Bond Resolution.
- (a) When issuing bonds of the authority, the board shall adopt the bond resolution and approve all other
documents and proceedings necessary for the issuance, sale, and delivery of the bonds or any part or series of them. The bond resolution
shall fix the aggregate principal amount and denomination, date, maturities, place or places of payment, rights of redemption, if any,
terms, form, conditions, and covenants of the bonds or each series of them. The board shall also determine and provide for the date and
manner of sale of the bonds, and shall provide where the notice of sale, if any, is to be published.
- (b) The board may delegate to the authority's executive director the authority to approve final principal
maturities and dates, interest rates, redemption rights, and interest payment dates under the terms and conditions the board determines
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