Section 22-29-10 – Bonds – Presumption of Validity; Contest of Validity.
Section 22-29-10 Bonds – Presumption of validity; contest of validity. Each authorizing resolution or an indenture of trust provided for therein shall contain a recital that the bonds therein authorized are issued pursuant to the provisions of this chapter, which recital shall be conclusive evidence that said bonds have been duly authorized pursuant to the […]
Section 22-29-11 – Temporary Financing.
Section 22-29-11 Temporary financing. In anticipation of the issuance of bonds, the authority may borrow such sums as may be needed, not exceeding $500,000.00 to be outstanding at any one time, for any of the purposes enumerated in this chapter and to obligate itself by certificate or promissory note, bearing interest at a rate or […]
Section 22-29-12 – Refunding Bonds.
Section 22-29-12 Refunding bonds. The authority may, from time to time, and at any time, issue and sell its refunding bonds for the purpose of refunding any matured or unmatured bonds of the authority at the time outstanding and any premiums necessary to be paid to redeem any bonds so to be refunded. The holders […]