§ 32-1-1305. Combination of Refunding and Other Bonds
General obligation bonds for refunding and general obligation bonds for any other purpose authorized in this article may be issued separately or issued in combination in one or more series by any special district. Source: L. 81: Entire article R&RE, p. 1610, § 1, effective July 1. Editor’s note: This section is similar to former […]
§ 32-1-1306. Board’s Determination Final
The determination of the board that the limitations under this part 13 imposed upon the issuance of refunding bonds have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion. Source: L. 81: Entire article R&RE, p. 1610, § 1, effective July 1. Editor’s note: This section is […]
§ 32-1-1307. Construction of Part 13
The powers conferred by this part 13 are in addition and supplemental to, and not in substitution for, and the limitations imposed by this part 13 shall not affect the powers conferred by any other law. Bonds may be issued under this part 13 without regard to the provisions of any other law. Insofar as […]
§ 32-1-1301. Legislative Declaration – Applicability
It is hereby declared that the orderly refunding of any general obligation bonds and any other lawful general obligation indebtedness incurred by any special district, when advantageous to the special district or persons within the special district, will serve a public use and will promote the health, safety, security, and general welfare of the inhabitants […]
§ 32-1-1302. Refunding Bonds
Any general obligation bonds issued and any other lawful general obligation indebtedness incurred by any special district may be refunded without an election of the special district issuing or incurring the same, or any successor thereof, in the name of the special district which issued or incurred the indebtedness being refunded, subject to provisions concerning […]
§ 32-1-1303. Limitations Upon Issuance
No general obligation bond or other general obligation indebtedness may be refunded unless the holder thereof voluntarily surrenders the same for exchange or payment or the said indebtedness either matures or is callable for prior redemption under its terms within ten years from the date of issuance of the refunding bonds, and provision shall have […]
§ 32-1-1304. Use of Proceeds of Refunding Bonds
The proceeds of general obligation refunding bonds shall either be immediately applied to the retirement of the indebtedness being refunded or be placed in escrow in any state or national bank within this state which is a member of the federal deposit insurance corporation and which has trust powers to be applied to the payment […]