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§ 35-460 – Erection of buildings

35-460. Erection of buildings If bonds for the purpose of erecting and furnishing a public building are authorized at the election, the board of supervisors for a county and the governing body of a city, town or other municipal corporation shall authorize the design and construction of the building in accordance with title 34.

§ 35-461 – Payment of expenses of bond issues

35-461. Payment of expenses of bond issues The expenses of the proceedings provided for in this article shall be borne by the political subdivision instituting the proceedings. If the bonds authorized by this article are sold, the expenses thereof shall be deducted from the proceeds of the sale.

§ 35-431 – Registration of bond; effect; entry of registration

35-431. Registration of bond; effect; entry of registration When the owner of a bond authorized to be issued by this article presents it to the director of the department of administration with a request for its conversion into a registered bond, the director of the department of administration shall detach and cancel the coupons, and […]

§ 35-404 – Amount of bonds; limitation

35-404. Amount of bonds; limitation The total amount of tax anticipation bonds, including both principal and interest, shall not exceed fifty per cent of the ad valorem taxes, plus fifty per cent of the state’s portion of excise taxes as estimated by the department of revenue, for the years recited in the bonds, uncollected and […]

§ 35-405 – Resolution for issuance

35-405. Resolution for issuance The loan commissioners shall by resolution authorize the issuance of the bonds, which shall prescribe the form of the bonds, the form of the interest coupons, the manner in which the coupons shall be signed and the particular taxes upon which the bonds are based, and shall fix the manner, terms […]

§ 35-406 – Sale of bonds; use of proceeds

35-406. Sale of bonds; use of proceeds A. The tax anticipation bonds shall be sold to the highest bidder that meets the conditions imposed by the loan commissioners, but shall not be sold at less than par. B. When the issuance and sale of any bonds have been completed, the treasurer shall immediately call in […]

§ 35-452 – Election to authorize indebtedness; costs

35-452. Election to authorize indebtedness; costs A. The governing body or board of a political subdivision enumerated in section 35-451 may, and upon petition signed by fifteen per cent of the qualified electors shall, order an election by such electors to determine whether such indebtedness shall be authorized. The election shall be held on the […]