§ 9-21-202. Sale of General Obligation Bonds at Below Par Value
All general obligation bonds issued by any local government under the authority of this part and part 1 of this chapter shall be sold for not less than ninety-eight percent (98%) of par value and accrued interest as the governing body of the local government may direct. Nothing in this chapter shall be construed to […]
§ 9-21-203. Sale of General Obligation Bonds — Notices
Any local government proposing to sell general obligation bonds, under parts 1 and 2 of this chapter, is authorized to sell such bonds at a competitive public sale. The local government shall publish a notice of sale at least five (5) days prior to the date on which the bonds are to be sold, either […]
§ 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%) […]
§ 9-21-201. Authorization for the Issuance of General Obligation Bonds
Any local government is authorized to issue general obligation bonds under this part and part 1 of this chapter for a public works project. “General obligation bonds” mean those bonds in which the local government incurs a definite and absolute obligation by pledging the full faith, credit and unlimited taxing power of the local government […]