§ 14-267-112. Bonds — Tax exemption
Bonds issued under this chapter shall be exempt from all state, county, and municipal taxes, including income and inheritance taxes.
§ 14-267-113. Bonds — Investment of public funds
(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; the boards of trustees, respectively, of the firemen’s relief and pension fund and the policemen’s pension and relief fund of any municipality; or the board of trustees of any retirement system created by the General Assembly, may, in its […]
§ 14-267-107. Bonds — Issuance, sale, and execution
(a) (1) The issuance of bonds shall be by ordinance of the municipality or by order of the county court. (2) The bonds may be coupon bonds payable to bearer, but subject to registration as to principal only or as to principal and interest; may be exchangeable for bonds of another denomination; may be in […]
§ 14-267-108. Bonds — Issuance for refunding of obligations
(a) Bonds may be issued for the purpose of refunding any obligations issued under this chapter. (b) The refunding bonds may be combined with bonds issued under the provisions of § 14-267-107 into a single issue. (c) (1) When bonds are issued under this section for refunding purposes, the bonds may either be sold or […]
§ 14-267-109. Bonds — Indebtedness as special obligation — Payment of principal and interest
(a) The bonds issued under this chapter shall not be general obligations of the municipality or county but shall be special obligations. In no event shall the bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation. (b) It shall be plainly stated on the face of […]
§ 14-267-110. Bonds — Mortgage lien
(a) The ordinance, order, or indenture referred to in § 14-267-107 may, but need not, impose a foreclosable mortgage lien upon the land, buildings, and facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this chapter. The nature and extent of the mortgage lien […]
§ 14-267-111. Bonds — Default in payment
(a) In the event of a default in the payment of the principal of or interest on any bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of the land, buildings, or facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds […]
§ 14-267-101. Legislative determination
(a) Pollution control facilities are legislatively determined to be essential to the securing and developing of industry and essential to the health, safety, and physical and economic welfare of the people of this state. (b) The availability of permanent financing for pollution control facilities on favorable terms is necessary in the case of new and […]
§ 14-267-102. Definitions
As used in this chapter, unless the context otherwise requires: (1) “Acquire” means to obtain by gift, purchase, or other arrangement any pollution control facilities, including, without limitation, those theretofore existing, those theretofore constructed and equipped, those theretofore partially constructed and equipped, and those being constructed and equipped at the time of acquisition, for such […]
§ 14-267-103. Construction
(a) This chapter is to be liberally construed to accomplish the purposes hereof and shall be the sole act and authority necessary to be complied with. To that end, this chapter and the authority conferred by it shall be supplemental to all other authority set forth in any other act authorizing or dealing with industrial […]