Section 73-21-48 – Refunding bonds; detail; form.
Refunding bonds shall bear interest payable annually or semiannually, and the refunding bonds shall be due and payable either as term or serial bonds as determined by the board; provided that no refunding bond shall mature more than twenty-five years from the date of the refunding bond. The form and terms of the refunding bonds, […]
Section 73-21-49 – Combination of issues.
Bonds for refunding one or more issues originally authorized for one or more purposes and bonds for any other purpose authorized in the Water and Sanitation District Act may be issued separately or issued in combination in one series or more by any district. Bonds payable solely from revenues of any utility or combination of […]
Section 73-21-50 – Tax levy for general obligation refunding bonds.
For the purpose of paying the principal of, any interest on or any prior redemption premium in connection with, any of the district’s general obligation refunding bonds, the board may levy and collect general ad valorem taxes on and against all taxable property within the district in the same manner as other general ad valorem […]
Section 73-21-41 – Restricted use of bond funds.
Whenever under the provisions of the laws of this state a district obtains money or credits from the issuance of its bonds or other evidence of indebtedness for the purpose of the purchase, construction or extension or repair of district utilities in the district, it shall be unlawful to divert, use or expend any of […]
Section 73-21-42 – Violations; penalties.
The members of any board and any officer or agent of any district violating the provisions of the Water and Sanitation District Act shall be deemed guilty of a misdemeanor and upon conviction in the district court shall be subject to a fine not to exceed five hundred dollars ($500) or by imprisonment in the […]
Section 73-21-31 – Effect of election; subsequent elections.
In the event that it appears from the returns that a majority of the qualified electors of the district have voted in favor of the ballot question, the district shall then be authorized to incur the indebtedness or the obligations, enter into the contract or issue and sell the bonds of the district, as the […]
Section 73-21-32 – Correction of faulty notices.
In any and every case where a notice is provided for in this act, if the court finds any reason that due notice was not given, the court shall not thereby lose jurisdiction, and the proceeding in question shall not thereby be void or be abated, but the court shall in that case order due […]
Section 73-21-33 – Early hearings.
All cases in which there may arise a question of the validity of the organization of a district, or a question of the validity of any proceeding under this act shall be advanced as a matter of immediate public interest and concern, and heard at the earliest practicable moment. The courts shall be open at […]
Section 73-21-34 – Liberal construction.
This act being necessary to secure and preserve the public health, safety, convenience and welfare, it shall be liberally construed to effect its purposes. History: 1941 Comp., § 77-3431, enacted by Laws 1943, ch. 80, § 31; 1953 Comp., § 75-18-31. ANNOTATIONS Compiler’s notes. — The term “this act” means Laws 1943, Chapter 80, which […]
Section 73-21-35 – Character of act.
No part of this act shall repeal or affect any other act or any part thereof, it being intended that this act shall provide a separate method of accomplishing its objects, and not an exclusive one. History: 1941 Comp., § 77-3432, enacted by Laws 1943, ch. 80, § 33; 1953 Comp., § 75-18-32. ANNOTATIONS Compiler’s […]