§ 48-6283 – Authorized investments of monies
48-6283. Authorized investments of monies (Conditionally Rpld.) A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the direction of the board in any of the following: 1. United States treasury obligations. 2. Consolidated farm loan bonds. 3. Obligations issued by the federal intermediate credit […]
§ 48-6284 – Deposit and disbursement of monies
48-6284. Deposit and disbursement of monies (Conditionally Rpld.) A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the district fiscal agent in financial institutions that the board designates and that are insured […]
§ 48-6285 – Characteristics of bonds; negotiability; obligation; legal investments; exemption from taxation
48-6285. Characteristics of bonds; negotiability; obligation; legal investments; exemption from taxation (Conditionally Rpld.) A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code. […]
§ 48-6286 – Effect of changing circumstances on bonds; agreement of state
48-6286. Effect of changing circumstances on bonds; agreement of state (Conditionally Rpld.) A. Bonds issued under this article remain valid and binding obligations of the district notwithstanding that before the delivery of the bonds any person whose signature appears on the bonds ceases to be an officer of the district. B. An amendment of any […]
§ 48-6287 – Validity of bonds; legal opinion
48-6287. Validity of bonds; legal opinion (Conditionally Rpld.) A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be […]
§ 48-6272 – Authorization of revenue bonds; conditional expiration
48-6272. Authorization of revenue bonds; conditional expiration (Conditionally Rpld.) A. Subject to subsections D and E of this section, the district may issue negotiable revenue bonds pursuant to this article in a principal amount that is necessary to: 1. Provide sufficient monies for theme park purposes. The board may segregate any theme park purpose for […]
§ 48-6273 – Issuance and sale of bonds
48-6273. Issuance and sale of bonds (Conditionally Rpld.) A. The board shall issue the bonds in the number and amount provided in the resolution. The board shall provide notice of its intention to issue bonds in a manner consistent with market practice. B. The bonds may be sold by competitive public sale, through an on-line […]
§ 48-6006 – Powers and duties of recreational corridor channelization district
48-6006. Powers and duties of recreational corridor channelization district A. A recreational corridor channelization district, acting through its board of directors, may: 1. Acquire in the name of the district any real or personal property or interest in property by gift, purchase or otherwise and own, control, manage or dispose of such property or interest. […]
§ 48-6274 – Bond proceeds account
48-6274. Bond proceeds account (Conditionally Rpld.) A. If the district issues bonds under this article, the board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds. B. The district may use monies in the bond proceeds account only for theme park purposes in the […]
§ 48-6007 – Dissolution of recreational corridor channelization district; disposition of property; tax for outstanding indebtedness
48-6007. Dissolution of recreational corridor channelization district; disposition of property; tax for outstanding indebtedness A. A district that is organized under this chapter and that has no outstanding legal indebtedness may be dissolved after a vote of a majority of the registered voters of the district at a special election called by the board of […]