§ 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 […]