§ 37-59-115. Limitation of indebtedness
The indebtedness incurred under the authority of this article shall not be included in computing the statutory limitation upon the indebtedness which may be incurred by school districts as provided in Article 1 of this chapter, or any other statute, but shall be in addition thereto. The only limitation upon the amount of indebtedness which […]
§ 37-59-107. Annual levy of special tax
The levying authority for the school district shall annually levy a special tax on all of the taxable property of the school district on whose behalf the notes or certificates of indebtedness are issued, except as provided in Section 37-7-104.3(7), in an amount which shall be sufficient to pay the principal of and interest upon […]
§ 37-59-109. Procedure for issuance of bonds where district lies in two or more counties; levy of special tax
If the school district on whose behalf money is to be borrowed under the provisions of this article shall lie in two (2) or more counties, said school board shall take all steps required by this article in the issuance of the negotiable notes or certificates of indebtedness of the district without regard to county […]
§ 37-59-111. Execution of negotiable notes or certificates of indebtedness; interest; maturity
All indebtedness incurred under the provisions of this article shall be evidenced by the negotiable notes or certificates of indebtedness of the school district on whose behalf the money is borrowed.Said notes or certificates of indebtedness shall be signed by the president of the school board and superintendent of schools of such school district.Such notes […]
§ 37-59-113. Disposition of proceeds of notes or certificates; disposition of balance of proceeds
The proceeds of any negotiable notes or certificates of indebtedness issued under the provisions of this article shall be placed in a special fund and shall be expended only for the purpose or purposes for which they were issued as shown by the resolution authorizing the issuance thereof. If a balance shall remain of the […]
§ 37-59-101. Purposes for which money may be borrowed
The school board of any school district in the county is authorized and empowered, in its discretion, to borrow money under the terms and conditions specified in this article for the purpose of making repairs, alterations and additions to school buildings of such school districts, for the purpose of erecting school buildings and other buildings […]
§ 37-59-103. Adoption of resolution of necessity by board of trustees of school district
Before any money shall be borrowed under the provisions of this article, the school board of the school district shall adopt a resolution declaring the necessity for and its intention of borrowing such money, specifying the amount to be so borrowed, the date or dates of the maturity thereof, and how such indebtedness is to […]
§ 37-59-105. Declaration of intention by local authorities; election; issuance of indebtedness
The said resolution adopted by the school board pursuant to Section 37-59-103 shall be published once each week for two (2) consecutive weeks in a newspaper having a general circulation in the school district involved, with the first publication thereof to be made not less than fifteen (15) days prior to the date upon which […]