INDUSTRIAL DEVELOPMENT OF CITIES AND TOWNS
Revenue refunding bonds
Section 17. A municipality acting by and through an authority is hereby authorized to provide by resolution for the issuance of its revenue refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds, and, if deemed advisable by the issuing municipality acting by and through its authority for either or both of the following additional purposes:—(i) constructing improvements, of any project and (ii) paying all or any part of the cost of any additional project. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the issuer in respect of the same, shall be governed by the provisions of this chapter in so far as the same may be applicable.