§ 48-2461 – Construction of article
48-2461. Construction of article The powers conferred by this article are in addition and supplemental to the powers conferred by any other law, it being the purpose and intent of this article to create full and complete additional and alternate methods for the exercise of such powers. Insofar as the provisions of this article are […]
§ 48-2462 – Definitions
48-2462. Definitions In this article, unless the context otherwise requires: 1. " Bonds" means revenue bonds and includes notes where applicable. 2. " Undertaking" means the purchase, construction, leasing or acquisition of any real or personal property, works or facilities which the district is authorized by law to purchase, construct, lease or otherwise acquire, or […]
§ 48-2463 – Purposes for which revenue bonds may be issued
48-2463. Purposes for which revenue bonds may be issued After the organization of an agricultural improvement district, the board of directors may cause revenue bonds to be issued for any undertaking.
§ 48-2464 – Powers of district
48-2464. Powers of district In the exercise of the powers granted or permitted by law, the district shall have the additional power: 1. To issue its bonds to finance, in whole or in part, the costs of any undertaking. 2. To pledge to the punctual payment of the bonds and interest thereon the revenue of […]
§ 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 […]