§ 14-362-114. Issuance of revenue bonds — Execution
(a) (1) The bonds shall be executed by the manual or facsimile signatures of the chair and secretary of the authority. (2) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, their signatures shall nevertheless be […]
§ 14-362-130. Authorized investors
Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen’s relief and pension fund and the policemen’s pension and relief fund of any such municipality, or the board of trustees of any retirement system created by the General Assembly may, […]
§ 14-362-115. Issuance of revenue bonds — Obligation of authority
(a) The revenue bonds issued under this chapter shall be obligations only of the authority and shall not be general obligations of any county, municipality, or the state. (b) (1) In no event shall the revenue bonds constitute an indebtedness of any county, municipality, or the state within the meaning of any constitutional or statutory […]
§ 14-362-131. Construction
(a) This chapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. (b) To this end: (1) It shall not be necessary to comply with the general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or […]
§ 14-362-101. Title
This chapter may be cited as the “Regional Airport Act.”
§ 14-362-102. Definitions
As used in this chapter, unless the context otherwise requires: (1) “Authority” means any authority created under the provisions of this chapter; (2) “Construct” means to acquire or build, in whole or in part, in such manner and by such method, including contracting therefor, and if the latter, by negotiation or bids upon such terms […]
§ 14-362-103. Establishment of authorities
(a) (1) Any two (2) or more municipalities, any two (2) or more contiguous counties, or any one (1) or more municipalities together with any one (1) or more contiguous counties, are authorized to create and establish an authority as prescribed in this chapter for the purpose of acquiring, equipping, constructing, maintaining, and operating regional […]
§ 14-362-104. Authority as public corporation
(a) Each authority when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, sue and be sued, and have and use a common seal. (b) The exercise of the powers and performance of duties provided for in this chapter by each […]
§ 14-362-105. Appointment of board
(a) Subject to such limitations as may be contained in the agreement provided for in § 14-362-103, the management and control of each authority and its property, operations, business, and affairs shall be lodged in a board of not less than six (6) nor more than twenty-four (24) persons who shall be appointed for terms […]
§ 14-362-106. Vacancy on board
(a) If any member of an authority dies, resigns, is removed, or for any other reason ceases to be a member of the authority, the mayor, the county judge, or the Governor, as appropriate to the governmental unit which the member represented, shall appoint another person to fill the unexpired portion of the term of […]