11-721. County sports authority bonds A. The authority, through the board of directors, may issue negotiable county sports authority bonds in a principal amount as in its opinion is necessary to provide sufficient monies for its activities under section 11-702, maintaining sufficient reserves in the county sports authority fund to secure the bonds, to pay […]
11-722. Bond obligations of the authority Bonds issued under this article are obligations of the county sports authority, are payable only according to their terms and are not obligations general, special or otherwise of this state or the county. The bonds do not constitute a legal debt of this state or the county and are […]
11-723. Certification of bonds by county attorney The board shall submit any bonds issued under this article to the county attorney after all proceedings for their authorization have been completed. On submission the county attorney shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply […]
11-724. County sports authority bonds as legal investments County sports authority bonds issued under this article are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state, all companies, associations and other persons carrying on an insurance business, all financial institutions, investment companies and other persons […]
