Section 50-1033 – USE OF PROJECTS — REVENUE.
50-1033. USE OF PROJECTS — REVENUE. Any city issuing bonds under sections 50-1027 through 50-1042, Idaho Code, for the acquisition, construction, reconstruction, improvement, betterment or extension of any works or to rehabilitate existing electrical generating facilities, shall have the right to appropriate, apply or expend the revenue of such works or rehabilitated existing electrical generating […]
Section 50-1034 – PRELIMINARY EXPENSES.
50-1034. PRELIMINARY EXPENSES. The city may provide for the payment of all necessary preliminary expenses actually incurred in the making of surveys, estimates of costs and revenues, employment of engineers and other employees, making of notices, taking of options, legal and clerical help and all other expenses necessary to be made and paid prior to […]
Section 50-1035 – ORDINANCE PRIOR TO CONSTRUCTION — ELECTION.
50-1035. ORDINANCE PRIOR TO CONSTRUCTION — ELECTION. Before any city shall construct or acquire any works or rehabilitated existing electrical generating facilities under this chapter, the council of such city shall enact an ordinance or ordinances which shall, (a) set forth a brief and general description of the works or rehabilitated existing electrical generating facilities, […]
Section 50-1035A – ISSUANCE OF REVENUE BONDS AT RATES OF INTEREST IN EXCESS OF ORIGINAL SPECIFICATION.
50-1035A. ISSUANCE OF REVENUE BONDS AT RATES OF INTEREST IN EXCESS OF ORIGINAL SPECIFICATION. Any city may issue revenue bonds of the city bearing interest at such rate or rates as shall be prescribed by ordinance if: (a) The principal amount of such revenue bonds does not exceed the then unissued balance of the principal […]
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 […]