§ 48-147 – Form of bonds
48-147. Form of bonds A. Bonds issued under this article shall be fully negotiable within the meaning and for all purposes under the applicable provisions of title 44. They may be in one or more series, bear such dates, be payable in such medium of payment, at such places, carry such registration privileges, be executed […]
§ 48-148 – Charges for payment of undertaking
48-148. Charges for payment of undertaking A. The board of directors of the district issuing the bonds shall prescribe charges and revise them whenever necessary so that any undertaking for which the bonds were issued shall always remain self-supporting with revenue sufficient: 1. To pay when due all bonds and interest thereon, for the payment […]
§ 48-149 – Covenants in resolution
48-149. Covenants in resolution A. Any resolution pertaining to the issuance of bonds under this article may contain covenants as to: 1. The purpose to which the proceeds of the sale of the bonds may be applied and to the use and disposition thereof. 2. The use and disposition of the revenue of the undertaking […]
§ 48-150 – Validity of bonds
48-150. Validity of bonds A. Bonds issued under this article and bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before delivery and payment thereof any and all of the persons whose signatures appear thereon have ceased to be officers of the […]
§ 48-151 – Certification of bonds by attorney general
48-151. Certification of bonds by attorney general Any district may submit to the attorney general any bonds issued under this article after all proceedings for their issuance have been taken. Upon submission the attorney general shall examine into and give an opinion upon the validity of the bonds and the regularity of all proceedings in […]
§ 48-152 – Disposition of proceeds
48-152. Disposition of proceeds All proceeds received from the sale of the bonds, all fees, rents, tolls or other charges received by the district from any undertaking financed by the bonds, and all monies received from any source in connection therewith shall be paid to the district treasurer, or such depository as may be designated […]
§ 48-153 – Prior lien of bonds
48-153. Prior lien of bonds All bonds of the same issue under this article shall have a prior and paramount lien on the revenue of the undertaking for which the bonds have been issued over and ahead of any claims or other obligations of any nature against that revenue subsequently arising or subsequently incurred. All […]
§ 48-154 – Bonds payable only from revenue pledged; bonds not district indebtedness
48-154. Bonds payable only from revenue pledged; bonds not district indebtedness No holder of any bonds issued under this article shall have the right to compel any exercise of the taxing power of the district to pay the bonds or the interest thereon. Each bond issued under this article shall recite in substance that the […]
§ 48-155 – Supplemental nature of article
48-155. Supplemental nature of article A. Insofar as the provisions of this article are inconsistent with any other provision of law, the provisions of this article shall be controlling. The powers conferred by this article shall be in addition and supplemental to the powers conferred by any other law. B. Bonds may be issued under […]
§ 48-146 – Ballots
48-146. Ballots At the election the ballots shall contain the words " for the bonds" and " against the bonds" . To the right of and opposite each proposal shall be placed a square approximately the size of the square placed opposite the names of candidates on ballots. The voter shall indicate his vote " […]