11-271. Authority to erect county buildings; bond issue; limitation When the aggregate indebtedness of a county does not exceed six per cent of the value of the taxable property within the county as ascertained by the last property tax assessment, and the county has no suitable courthouse, jail or other county buildings, the board may […]
11-272. Bonds; interest limitation; form A. The bonds authorized to be issued by section 11-271 shall bear interest at a rate or rates set forth in the accepted bid, payable semiannually, and shall be issued in such denominations, not less than one hundred dollars each, as the board may direct. The bonds shall be signed […]
11-273. Sale of bonds; disposition of proceeds A. When the bonds are executed, numbered consecutively and sealed, they shall be delivered to the county treasurer, and his receipt taken therefor, and he shall stand charged with all bonds delivered to him and the proceeds thereof. B. The treasurer shall sell the bonds under the direction […]
11-274. Bond register A. The treasurer shall keep a register of all bonds sold by number, date of sale, amount, date of maturity and the name and address of the purchaser. B. When a bond is sold by a holder, the purchaser shall notify the treasurer of the purchase, giving the number of the bond […]
11-275. Tax levy to pay bonds and interest; debt service fund; security A. The board shall cause to be assessed and levied each year on the taxable property of the county, in addition to the levy authorized for other purposes, an amount sufficient to pay the interest on outstanding bonds and such proportion of the […]
11-276. Redemption of bonds; notice; effect of failure to present bonds When, after setting aside the amount required to pay the interest maturing before the next levy, the debt service fund is sufficient to redeem one or more bonds, the treasurer shall notify the bond owners in writing that he is prepared to pay them, […]
