Usufruct
R.S. 33:4227

Sale for less than par or diversion of proceeds prohibited ACTIVE

Bonds issued under the provisions of this Sub-part shall be sold at an interest rate not greater than six per cent (6%) per annum. Under no conditions shall they be sold at a price less than par. The proceeds thereof shall not be used for any purpose other than that for which the bonds issued, as set forth in the resolution ordering the election to authorize the issue.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1968, No. 44, §1

Section navigation

Cite R.S. 33:4227

Bluebook
La. Rev. Stat. Ann. § 33:4227 (2026).
Permalink
https://theusufruct.com/rs/title-33/section-4227
BibTeX
@misc{larevstat-33-4227,
  title        = {La. Rev. Stat. Ann. § 33:4227},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-33/section-4227},
  note         = {Snapshot 2026-05-22}
}