Board's Powers Concerning Issuance

COL120106 CH. 17 THE UNIVERSITY OF GUAM REVENUE BOND A CT OF 1966 With the approval of the Governor, the Board may provide for one or several issues of bonds in series or may divide any issue into one or more divisions and fix different maturities or dates of such bonds, different rates of interest, or prescribe different terms and conditions for the bonds of the several series or divisions. It is not necessary that all bonds of the same authorized issue be of the same kind or character, have the same security, or be of the same interest rate, but the terms thereof shall in each case be provided for by the Board, with the approval of the Governor, at or prior to the issue thereof.