Section 50-1036 – BONDS — FORM — CONDITIONS — BOND ANTICIPATION NOTES.
50-1036. BONDS — FORM — CONDITIONS — BOND ANTICIPATION NOTES. (a) All revenue bonds issued under authority of this act shall be sold, executed and delivered in the same manner as provided by the municipal bond law for the sale of general obligation negotiable coupon bonds, except that issues of revenue bonds may, in the […]
Section 50-1037 – BONDS — ISSUANCE — TERMS — CONDITIONS.
50-1037. BONDS — ISSUANCE — TERMS — CONDITIONS. Whenever revenue bonds are authorized to be issued, the city council shall by ordinance provide for the issuance thereof. The ordinance authorizing the issuance of said revenue bonds, for the purpose authorized, shall contain covenants as to: (a) The purpose or purposes to which the proceeds of […]
Section 50-1024 – JOINT SERVICES — BOND ELECTION IN EACH CITY.
50-1024. JOINT SERVICES — BOND ELECTION IN EACH CITY. Whenever the proportionate share of the cost of such construction or purchase to be borne by each city has been determined, an election shall be held in each city as now provided by law in similar cases, for the purpose of determining whether or not coupon […]
Section 50-1038 – VALIDITY OF BONDS.
50-1038. VALIDITY OF BONDS. Any ordinance authorizing said bonds may provide that the bonds shall contain a recital that they are issued pursuant to section[s] 50-1027 through 50-1042, which recital shall be conclusive evidence of their validity and of the regularity of their issuance. History: [50-1038, added 1967, ch. 429, sec. 198, p. 1249.]
Section 50-1025 – JOINT SERVICES — COMMITTEE FOR CONSTRUCTION OR PURCHASE.
50-1025. JOINT SERVICES — COMMITTEE FOR CONSTRUCTION OR PURCHASE. If, in each of said cities the question of issuing bonds for the construction or purchase of such systems, plants and equipment shall have been favorably decided by the electors of such city, said bonds shall be issued as now provided by law, and the city […]
Section 50-1039 – LIEN OF BONDS.
50-1039. LIEN OF BONDS. All bonds of the same issue shall, subject to the prior and superior rights of outstanding bonds, claims or obligations, have prior and paramount lien on the revenue of the works or rehabilitated existing electrical generating facilities for which said bonds have been issued, except that where provision is made in […]
Section 50-1026 – CITY BONDS — ORDINANCE — ELECTION.
50-1026. CITY BONDS — ORDINANCE — ELECTION. Whenever the city council of a city shall deem it advisable to issue the coupon bonds of such city, the mayor and council shall provide therefor by ordinance, which shall specify and set forth all the purposes, objects, matters and things required by section 57-203, Idaho Code, and […]
Section 50-1040 – CITY NOT LIABLE ON BONDS.
50-1040. CITY NOT LIABLE ON BONDS. Bonds issued pursuant to sections 50-1027 through 50-1042 shall not be a debt of the city and the city shall not be liable thereon, nor shall they be payable out of any funds other than the revenue pledged to the payment thereof. Each bond issued under the Revenue Bond […]
Section 50-1026A – CITY BONDS — PLEDGE OF REVENUES.
50-1026A. CITY BONDS — PLEDGE OF REVENUES. (a) In the ordinance required in section 50-1026, Idaho Code, providing for the issuance of bonds of a city to be issued to acquire, improve, construct or extend a revenue producing system or facility to be owned and operated by the city, the city council may pledge, as […]
Section 50-1041 – TAX LEVY TO PAY BONDS PROHIBITED.
50-1041. TAX LEVY TO PAY BONDS PROHIBITED. The provisions of [section] 57-203, Idaho Code, relating to the levy of taxes for the payment of bonds, shall not be applicable to bonds issued by a city under the Revenue Bond Act, and the principal or interest thereof shall not be charged upon the city issuing the […]