§ 14-125-804. Court order approving proceedings
(a) After issuing any bonds or other evidences of indebtedness and before their sale, exchange, or hypothecation, the board may petition the chancery court for an order approving the legality and regularity of all proceedings leading up to the issuance of the bonds or other evidences of indebtedness. This order shall have the force and […]
§ 14-125-805. Refunding bonds
Refunding bonds may be issued and may be sold, exchanged, or hypothecated under the procedure provided in §§ 14-125-801 — 14-125-804.
§ 14-125-806. Security for bonds — Delinquencies
(a) All bonds issued under the terms of this chapter that are made payable from the proceeds of assessments shall be secured by a lien on all benefited lands in the project area unless the board of directors shall be able to sell bonds payable out of revenue only. The board shall see to it […]
§ 14-125-802. Notice — Issuance
(a) The clerk of the court shall upon receipt of the petition give due notice by publication for two (2) weeks in some newspaper published and having a general circulation within the county in which the project area is located calling upon all persons owning land within the area to appear before the court upon […]
§ 14-125-803. Terms and form of bonds, etc
(a) Bonds or other evidences of indebtedness issued under the terms of this chapter shall bear such date or dates, mature at such time or times not in excess of fifty (50) years, and be in such form and denomination as the board may determine. (b) The board may sell, exchange, or hypothecate these obligations […]
§ 14-125-801. Petition to borrow money or issue bonds, etc
(a) The board of directors may petition the chancery court for authority to borrow money or issue bonds or other evidences of indebtedness. (b) The petition of the board shall state whether it is desired that those bonds or other evidences of indebtedness shall be made payable from the proceeds of any revenues derived from […]