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November 22, 2024 Clouds | 51°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 44A QUALIFIED BOND ACT
  5. Section 11A Covenants contained in proceedings authorizing issuance of bonds

Section 11A

Section 11A: Covenants contained in proceedings authorizing issuance of bonds

Section 11A. The proceedings of the city or town authorizing the issuance of qualified bonds may contain such covenants and provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants restricting the issuance of additional qualified bonds.