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" They shall bear interest at a rate not exceeding five per centum per annum, and shall be negotiated for not less than their par value. "
Laws of the State of New York - Side 1351
av New York (State) - 1907
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volum 207

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1920 - 788 sider
..."public utility bonds," and shall mature in not more than thirty years from the date of issue, and bear interest at a rate not exceeding five per centum per annum.' "We find no irregularity in the proceedings either of the common council or board of estimates relative...
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Acts Passed at the ... Session of the General Assembly for the ..., Volum 1

Kentucky - 1882 - 1322 sider
...discretion of the said city after the expiration of five years from the date of their issual, and they shall bear interest at a rate not exceeding five per centum per annum, and shall have coupons attached thereto, making the said interest thereon payable semi-annually. The said bonds...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1883 - 896 sider
...any such city aforesaid in any sum not to exceed two hundred and twenty-five thousand dollars, and to bear interest at a rate not exceeding five per centum per annum, payable semi-annually, and to make said bonds redeemable at the expiration of thirty years from the...
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The Quebec Railway Statutes: A Compilation of All Railway Charters Granted ...

Québec (Province), Chris Massiah, R. J. Bradley - 1883 - 738 sider
...of the province. 7. Such bonds shall be payable in thirty years, in currency or sterling, and shall bear interest at a rate not exceeding five per centum per annum. A sinking fund of one per centum per annum shall be established for their redemption. 8. It shall be...
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Annual Report, Volum 1

New York (State). Board of Railroad Commissioners - 1885 - 694 sider
...realized on the sale of such new bond or bonds ; and provided, further, that such new bond or bonds shall bear interest at a rate not exceeding five per centum per annum, payable semi-annually. Any existing bond or bonds taken up by the substitution of such new bond or...
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Acts and Resolutions of the General Assembly of the State of Georgia, 1884-85

Georgia - 1885 - 184 sider
...interest shall be payable only at the treasury of interest. the State. Said registered bonds shall bear interest at a rate not exceeding five per centum per annum, payable semi annually. Said bonds shall be transferable on the books of the Treasurer of HOW transthe...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1886 - 568 sider
...form as said governing board shall fix and determine, and may be either registered or coupon bonds; said bonds shall bear interest at a rate not exceeding five per centum per annum, and shall be made payable at such periods of time as said board shall determine, not exceeding thirty years from...
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Annual Report, Volumer 1-2

New York (State). Board of Railroad Commissioners - 1887 - 1578 sider
...realized on the sale of such new bond or bonds; and provided, further, that such new bond or bonds shall bear interest at a rate not exceeding five per centum per annum, payable semi-annually. Any existing bond or bonds taken \ip by the substitution of such new bond or...
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Statutes of the Province of Quebec

Québec (Province) - 1880
...best Power to subeU° shall be payable in thirty years from the date of the issue thereof, and shall bear interest at a rate not exceeding five per centum per annum, with a sinking fund of one per Form of de- centum per annum, for the redemption of such bonds ; and...
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Acts of the State of Ohio, Volum 85

Ohio - 1888 - 660 sider
...named, and shall be made payable in ten equal annual installments irom the date thereof, and shall bear interest at a rate not exceeding five per centum per annum, payable semi-annually, and the proceeds thereof, together with such premiums as may be derived therefrom,...
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