Section 50-1917 – FORM AND SALE OF BONDS.
50-1917. FORM AND SALE OF BONDS. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at a rate or rates, be in such denomination or denominations, be in such form, […]
Section 50-1918 – PROVISIONS OF BONDS AND TRUST INDENTURES.
50-1918. PROVISIONS OF BONDS AND TRUST INDENTURES. In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, an authority, in addition to its other powers, shall have power: (a) To pledge all or any part of its gross or […]
Section 50-1920 – REMEDIES OF AN OBLIGEE OF AUTHORITY.
50-1920. REMEDIES OF AN OBLIGEE OF AUTHORITY. An obligee of an authority shall have the right, in addition to all other rights, which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: (a) By mandamus, suit, action or proceedings at law or in equity to compel said authority […]
Section 50-1921 – FILING OF MINUTES OF MEETINGS AND REPORTS.
50-1921. FILING OF MINUTES OF MEETINGS AND REPORTS. (1) An authority shall file a copy of the minutes of all meetings with the city clerk within ten (10) days after their approval by the authority. (2) At least once a year, an authority shall file a report with the city clerk of its activities for […]
Section 50-1922 – EXEMPTION OF PROPERTY FROM EXECUTION SALE.
50-1922. EXEMPTION OF PROPERTY FROM EXECUTION SALE. All real property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall any judgment against an authority be a charge or lien upon its real property; provided, however, […]
Section 50-1923 – AID FROM FEDERAL GOVERNMENT.
50-1923. AID FROM FEDERAL GOVERNMENT. In addition to the powers conferred upon an authority by other provisions of this act, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government for or in aid of any housing project within its area of operation, to take over […]
Section 50-1924 – CONSTRUCTION OF POWERS CONFERRED.
50-1924. CONSTRUCTION OF POWERS CONFERRED. Nothing in this act or any other law shall be construed as authorizing a housing authority to levy or collect taxes or assessments, to create any indebtedness payable out of taxes or assessments, or in any manner to pledge the credit of the city, the county, the state or any […]
Section 50-1925 – ADDITIONAL REMEDIES CONFERRABLE BY AUTHORITY.
50-1925. ADDITIONAL REMEDIES CONFERRABLE BY AUTHORITY. A housing authority shall have power, by its resolution, trust indenture, lease or contract, to confer upon any obligee holding or representing a specified amount in bonds or holding a lease the right, in addition to all rights that may otherwise be conferred, upon the happening of an event […]
Section 50-1926 – SEPARABILITY.
50-1926. SEPARABILITY. Notwithstanding any other evidence of legislative intent, it is hereby declared to be the controlling legislative intent, that if any provision of sections 50-1901 through 50-1927[, Idaho Code], or the application thereof to any person or circumstance, is held invalid, the remainder [remaining] sections 50-1901 through 50-1927[, Idaho Code,] and the application of […]
Section 50-1927 – ACT CONTROLLING.
50-1927. ACT CONTROLLING. Insofar as the provisions of sections 50-1901 through 50-1927 are inconsistent with the provisions of any other law, the provisions of sections 50-1901 through 50-1927 shall be controlling. History: [50-1927, added 1967, ch. 429, sec. 417, p. 1249.]