§ 14-360-310. Borrowing of funds and revenue bonds — Mortgage lien
(a) Anything herein to the contrary notwithstanding, the ordinance authorizing issuance of the bonds may impose a foreclosable mortgage lien upon the buildings, structures, or other improvements constructed under the authority of this subchapter and upon the lands upon which such improvements are located. (b) The nature and extent of the mortgage lien may be […]
§ 14-360-311. Borrowing of funds and revenue bonds — Refunding bonds
(a) The city may issue bonds under this subchapter for the purpose of refunding, at a rate or rates of interest not exceeding the maximum rate otherwise authorized in this section, any obligations of the city theretofore issued under this subchapter or under other authority or may authorize and deliver a single issue of bonds […]
§ 14-360-312. Borrowing of funds and revenue bonds — Exemption from certain taxes
(a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes. (b) This exemption shall include income taxation and inheritance taxation.
§ 14-360-313. Use of operational revenue
Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other contract with the bondholders, as well as restrictions contained on contracts with the bondholders of other prior issues, all revenues derived from the operation and the lease of buildings, structures, or other […]
§ 14-360-306. Borrowing of funds and revenue bonds — Issuance
(a) In evidence of any loan of funds, the city is authorized and empowered to issue its negotiable coupon revenue bonds. (b) (1) The bonds shall be authorized by ordinance duly enacted by the governing body of the city and shall be executed by its mayor and city clerk. (2) In case any of the […]
§ 14-360-307. Borrowing of funds and revenue bonds — Payment and indebtedness
(a) The bonds and interest thereon shall be payable solely from and secured by a pledge of the gross revenues derived from the operation or the lease of the buildings, structures, or other improvements, or other revenues obtained from the operation of the airport. (b) The pledge shall be subject to the restriction that the […]
§ 14-360-308. Borrowing of funds and revenue bonds — Statements on bonds
It shall be plainly stated upon the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality within any constitutional or statutory limitation.
§ 14-360-309. Borrowing of funds and revenue bonds — Performance required
(a) Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other contract with the bondholders as well as such restrictions contained in contracts with the bondholders of other prior issues, any holder of bonds issued under the provisions of this subchapter or […]
§ 14-360-301. Authority granted cumulative
The authority granted by this subchapter shall be cumulative and granted in addition to any authority previously granted by other acts, specifically including but not limited to all authority granted by Acts 1949, No. 53, known as the “Airport Commission Act”.
§ 14-360-302. Authority to erect
Any city owning a municipal airport is authorized and empowered to erect and construct buildings, structures, and other improvements, whether or not they are essential to, connected with, or incidental to the operation of the airport and airport facilities, upon municipal airport property, that is, upon lands which are managed and operated by the city, […]