Guam § 17128 - Principal Amount in Which Funding or Refunding Bonds May

§ 17128. Principal Amount in Which Funding or Refunding Bonds May

be Issued.

Funding or refunding bonds may be issued in a principal amount

sufficient to provide funds for the payment of all bonds to be funded or

refunded thereby, and in addition for the payment of all expenses incident to

the calling, retiring or paying of such outstanding bonds, and the issuance of

such refunding or refunding bonds. These expenses include the difference in

amount between the par value of the funding or refunding bonds and any

amount less than par for which the funding or refunding bonds are sold.

Any amount necessary to be made available for the payment of interest

upon such funding or refunding bonds from the date of sale thereof to the

date of payment of the bonds to be funded or refunded or to the date upon

which the bonds to be funded or refunded will be paid pursuant to the call

thereof or agreement with the holders thereof, and the premium, if any,

necessary to be paid in order to call or retire the outstanding bonds and the

interest accruing thereon to the date of the call of retirement.