§ 14-269-103. General authority — Agreements with federal agencies — Condemnation proceedings
(a) Any municipality in this state is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of any land, buildings, improvements, or facilities of any and every nature whatever necessary or desirable for the developing and providing of public parks and facilities within […]
§ 14-269-104. Commission
(a) Any municipality, at its option, may establish a commission to acquire, construct, reconstruct, extend, equip, improve, and operate any project under this subchapter. (b) The commission shall have full and complete authority with respect to the project and its operation and with respect to the collection and disposition of revenues derived from the operation […]
§ 14-269-105. Bonds — Authority to issue
(a) Municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-269-103, and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-269-103, either alone or together with other available funds and revenues. (b) […]
§ 14-269-106. Bonds — Issuance, sale, and execution
(a) (1) The issuance of revenue bonds shall be by ordinance of the municipality. (2) The bonds may be coupon bonds payable to bearer or may be made registrable as to principal only with interest coupons, or may be made registrable as to both principal and interest without interest coupons. (3) The bonds may be […]
§ 14-269-107. Bonds — Issuance for refunding of obligations
(a) Revenue bonds may be issued under this subchapter for the purpose of refunding any obligations issued under this subchapter. (b) The refunding bonds may be combined with bonds issued under the provisions of § 14-269-106 into a single issue. (c) (1) When bonds are issued under this section for refunding purposes, the bonds may […]
§ 14-269-108. Bonds — Indebtedness as special obligation — Payment of principal and interest
(a) The revenue bonds issued under this subchapter shall not be general obligations of the municipality but shall be special obligations. In no event shall the revenue bonds constitute an indebtedness of the municipality within the meaning of any constitutional or statutory limitation. (b) It shall be plainly stated on the face of each bond […]
§ 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.
§ 14-269-109. Bonds — Mortgage lien
(a) Subject to the subsequent provisions of this section, there shall exist a statutory mortgage lien upon the land, buildings, and facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of revenue bonds issued under this subchapter, which shall exist in favor of the holders of the bonds […]
§ 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 […]
§ 14-269-110. Bonds — Default in payment
(a) In the event of a default in the payment of the principal of, or interest on, any revenue bonds issued under this subchapter, 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 […]