§ 9-21-211. Limitation on Election Contests
No suit, action or other proceeding contesting the validity of the bond election shall be entertained in any of the courts of this state unless such suit, action or other proceeding is commenced within ten (10) days from the date of canvassing of the returns and the determination and declaration of the results thereof by […]
§ 9-21-212. Waiting Period for New Election
If an election on the proposition to issue general obligation bonds is had and a majority of the registered voters voting on the proposition do not vote in favor of the issuance of the general obligation bonds in question, then the proposition shall not again be the subject of an initial resolution until three (3) […]
§ 9-21-213. Terms of General Obligation Bonds — Citizens’ Bonds — Interest Rate Agreements
The general obligation bonds may be sold in one (1) or more series, may bear such date or dates, shall mature at such time or times, not exceeding forty (40) years from their respective dates, may bear interest at a zero (0) rate or at such other rate or rates (which may vary from time […]
§ 9-21-214. Powers to Secure and to Covenant as to General Obligation Bonds
In order to secure the payment of the principal of and interest on general obligation bonds issued pursuant to this part and part 1 of this chapter, or in connection with such bonds, any local government has the power as to such bonds to: Pledge the full faith, credit, and unlimited taxing power of the […]
§ 9-21-215. Tax Resolution — Levy for Payment of General Obligation Bonds
At any time before delivering any general obligation bonds to be issued pursuant to this part and part 1 of this chapter, the governing body shall adopt a resolution (herein called the “tax resolution”) which shall recite in substance that adequate provision will be made for raising annually by tax upon the taxable property in […]
§ 9-21-216. Remedies of General Obligation Bondholders
Any holder of general obligation bonds issued pursuant to parts 1 and 2 of this chapter has the right, in addition to all other rights: By mandamus or other suit, action or proceeding in any court of competent jurisdiction to enforce such holder’s rights against the local government, the governing body of the local government […]
§ 9-21-204. Sale of General Obligation Bonds to a State or Federal Agency
If any general obligation bonds are to be sold pursuant to a commitment of a state or federal agency to purchase the same, such bonds may be sold at a private negotiated sale to the state or federal agency without the necessity of any public advertisement of the sale or of the approval of the […]
§ 9-21-205. Initial General Obligation Bond Resolution
Prior to the issuance of general obligation bonds pursuant to this part and part 1 of this chapter, the governing body of the local government shall adopt a resolution (herein referred to as the “initial resolution”) determining to issue the general obligation bonds. The resolution shall state in substance: The amount or maximum amount of […]
§ 9-21-206. Publication of Notice
The initial resolution, together with a notice in substantially the following form, shall be published in full once in a newspaper of general circulation in the local government: NOTICEThe foregoing resolution has been adopted. Unless within twenty (20) days from the date of the publication hereof, a petition signed by at least ten percent (10%) […]
§ 9-21-131. Agreements Concerning Rights and Remedies of Parties — Jurisdiction — Applicable Law
When entering into any contracts or agreements authorized under this chapter, including contracts or agreements providing for liquidity and credit enhancement and reimbursement agreements relating thereto, interest rate swap or exchange agreements, agreements establishing interest rate floors or ceilings or both, other interest rate hedging agreements, evidencing a transaction bearing a reasonable relationship to this […]