§ 19-29-49. Powers to be supplemental
The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law.
§ 19-29-51. Provisions to be controlling
Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, the provisions of this chapter shall be controlling.
§ 19-29-29. Issuance of bonds by authority; security; limitation of liability thereon; tax exemption
An authority shall have power to issue bonds from time to time, in its discretion, for any of its corporate purposes. An authority shall also have power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. An authority may issue such types of bonds as it may determine, […]
§ 19-29-31. Resolution authorizing issuance of bonds; terms and covenants
The issuance of bonds by an authority shall be authorized by a resolution of the governing body of such authority. Every such resolution shall be adopted by the affirmative vote of at least three-fifths (3/5) of all the members of such governing body. A resolution in compliance with this section shall include any covenants with […]
§ 19-29-33. Form and details of bonds
Bonds authorized by resolution of the authority may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, provided that the bonds of any issue shall not bear a greater overall maximum interest rate to maturity than that […]
§ 19-29-35. Trust agreement securing bonds
In the discretion of the authority, the bonds may be further secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank incorporated under the laws of the United States or the laws of any state in the United States. Any such trust agreement […]
§ 19-29-37. Bonds to be legal investments and negotiable instruments
The bonds issued under the provisions of this chapter shall be legal investments for the state, municipal corporations, political subdivisions, public bodies, commercial banks, savings and loan associations and insurance companies organized under the laws of this state. All bonds and appurtenant coupons issued pursuant to this chapter shall be negotiable instruments within the meaning […]
§ 19-29-39. Property and income of authority exempt from taxation
Any property in this state acquired by an authority for railroad purposes pursuant to the provisions of this chapter, and any income derived by the authority from the ownership, operation or control thereof shall be exempt from taxation to the same extent as other property belonging to political subdivisions of this state.
§ 19-29-41. Real property of authority exempt from levy and execution
All real property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall any judgment against an authority be for a charge or lien upon its real property; however, the provisions of this section shall not […]
§ 19-29-43. Aid and cooperation of political subdivisions
For the purpose of aiding and cooperating in the planning, undertaking, acquisition, construction, reconstruction or operation of the railroad facilities pursuant to the provisions of this chapter, any county for which an authority has been created and any city, town or village located therein, may, upon such terms, with or without consideration, as it may […]