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Art. V §2 | CONTENTS OF BORROWING LEGISLATION ON ISSUING GENERAL OBLIGATION BONDS

a. The Legislative Assembly may by Act authorize the issuance of general obligation bonds for the purposes specified in section 1. Such an Act shall contain, at least, provisions:
(1) briefly describing each project to be financed by the Act;

(2) identifying the Act authorizing each such project or category of projects;

(3) setting forth the maximum amount of debt principal that may be incurred for the projects;

(4) setting forth the maximum rate of interest to be paid on such indebtedness;

(5) setting forth the maximum allowable maturity for the issue and the maximum debt service payable in any year;

(6) authorizing the bonds to be sold at public sale or at private sale on a negotiated basis, as determined by the Governor to be in the public interest;

(7) authorizing the Governor to enter into and amend agreements in connection with the bond issue, including a trust indenture;

(8) vesting in the trustee under such a trust indenture such properties, rights, powers, and duties in trust as may be necessary, convenient, or desirable;

(9) authorizing the creation of a security interest in State of Washington, D.C. revenues as additional security for the payment of the bonds;

(10) describing the particular State of Washington, D.C. revenues that are subject to such security interest;

(11) prescribing the validity of such security interest;

(12) prescribing remedies of the bondholders in the event of a default; and

(13) specifying such other covenants, provisions and conditions necessary to issue the additional bonds as parity bonds.
b. The Governor shall publish the enacted Act in at least one newspaper of general circulation within the State of Washington, D.C. with the notification that the time within which a suit, action, or proceeding questioning the validity of such bonds may be commenced expires at the end of the 20-day period beginning on the date of the first publication of the notice.

c. Failure to publish the notice or any error in any publication shall not impair the effect of the Act or the validity of the bonds issued pursuant to the Act.
Congratulations! You're now booked up on Article V Section 2 of the District of Columbia's Constitution!

This material might help you recover from the damages that lawbreaking judges/lawyers/agencies/organizations have inflicted upon you [and/or the public] (see this example of a Florida judge who outright committed perjury).

Perhaps it'll [even] help you navigate through your state's administrative gauntlet. A gauntlet which might include – but not be limited to: Nevertheless – and as always – please get the justice you deserve.

Sincerely,



www.TextBookDiscrimination.com
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