Section 50-2707 – PUBLIC CORPORATIONS — AUDIT BY STATE.
50-2707. PUBLIC CORPORATIONS — AUDIT BY STATE. The finances of any public corporation are subject to examination by the legislative council. History: [50-2707, added 1982, ch. 119, sec. 1, p. 330; am. 1993, ch. 327, sec. 24, p. 1217.]
Section 50-2723 – CONSTRUCTION — SUPPLEMENTAL NATURE OF CHAPTER.
50-2723. CONSTRUCTION — SUPPLEMENTAL NATURE OF CHAPTER. This chapter supplements and neither restricts nor limits any powers which a municipality or presently authorized corporation might otherwise have under any laws of this state. History: [50-2723, added 1982, ch. 119, sec. 1, p. 337.]
Section 50-2708 – PUBLIC CORPORATIONS — POWERS.
50-2708. PUBLIC CORPORATIONS — POWERS. (1) A public corporation created under this chapter has the following powers with respect to industrial development facilities together with all powers incidental thereto or necessary for the performance thereof: (a) To locate, construct and maintain one or more industrial development facilities; (b) To lease to a lessee all or […]
Section 50-2709 – REPORTING AND ASSISTANCE.
50-2709. REPORTING AND ASSISTANCE. (1) Within ten (10) days after the issuance of any revenue bonds, each public corporation shall record the following and any additional information with the department of finance, bureau of securities: (a) The name of the issuer; (b) The proposed amount of the bonds; (c) A short description of the facilities […]
Section 50-2710 – REVENUE BONDS — PROVISIONS.
50-2710. REVENUE BONDS — PROVISIONS. (1) The principal of and the interest on any revenue bonds issued by a public corporation shall be payable solely from the funds provided for this payment from the revenues of the industrial development facilities funded by the revenue bonds. Each issue of revenue bonds shall be dated, shall bear […]
Section 50-2711 – INVESTMENT OF FUNDS.
50-2711. INVESTMENT OF FUNDS. An issuer issuing revenue bonds hereunder shall not commingle any funds received from the sale thereof with any other funds in its possession or under its control but may invest any such funds in the manner and in such obligations as shall be provided for in the bond indenture pursuant to […]
Section 50-2712 – REVENUE BONDS — REFUNDING.
50-2712. REVENUE BONDS — REFUNDING. Each public corporation may provide by resolution for the issuance of revenue refunding bonds for the purpose of refunding any revenue bonds issued for an industrial development facility under this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of […]
Section 50-2713 – TRUST AGREEMENTS.
50-2713. TRUST AGREEMENTS. Any bonds issued under this chapter may be secured by a trust agreement between the public corporation and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. The trust agreement may evidence a pledge or assignment of the […]
Section 50-2701 – FINDING AND DECLARATION OF NECESSITY.
50-2701. FINDING AND DECLARATION OF NECESSITY. The legislature hereby finds and declares that this state urgently needs to promote higher employment; encourage the development of new jobs; maintain and supplement the capital investments in industry that currently exist in this state; encourage future employment by ensuring future capital investment; attract environmentally sound industry to the […]
Section 50-2702 – DEFINITIONS.
50-2702. DEFINITIONS. As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise. (1) "Board of directors" means the board of directors of a public corporation. (2) "Construction" or "construct" means construction and acquisition, whether by devise, purchase, gift, lease or otherwise. (3) "Facilities" mean[s] land, rights in […]