§ 48-2465 – Revenue bonds
48-2465. Revenue bonds A. To undertake, carry out and accomplish any or all of the purposes and powers of the district authorized or permitted by law, the district may borrow money and issue its negotiable bonds therefor. No bonds may be issued unless authorized by a resolution of the board of directors adopted by an […]
§ 48-2466 – Forms of bonds
48-2466. Forms of bonds A. All bonds and coupons issued under the provisions of this article are payable in lawful money of the United States and shall be payable in not exceeding fifty years from the date of the bond. B. The bonds may be issued in one or more series, bear such date or […]
§ 48-2467 – Adoption of resolution; trust agreement
48-2467. Adoption of resolution; trust agreement For the purpose of this article, the board of directors of any district by affirmative vote of a majority of its members is authorized to adopt a resolution relating to the exercise of the powers granted by this article and to any other matters necessary to effectuate the full […]
§ 48-2468 – Covenants in resolution or trust agreement
48-2468. Covenants in resolution or trust agreement A. Any resolution or trust agreement pertaining to the issuance of bonds under this article shall authorize the undertaking and may in addition contain covenants as to: 1. The purpose to which the proceeds of the sale of the bonds may be applied and the use and disposition […]
§ 48-2469 – Form of notes
48-2469. Form of notes A district may, at any time after the issuance of bonds is authorized, borrow money for the purposes for which such bonds are to be issued in anticipation of the receipt of the proceeds of the sale of such bonds and within the authorized maximum amount of such bond issue. Bond […]