70-1801. REVENUE BONDS AUTHORIZED. The port commission of any port district is authorized, for the purpose of carrying out the lawful powers granted port districts by the laws of the state, to contract indebtedness and to issue revenue bonds evidencing such indebtedness in conformity with this act. History: [70-1801, added 1969, ch. 55, sec. 100, […]
70-1802. REVENUE BONDS — PURPOSES. All such revenue bonds authorized under the terms of this act may be issued and sold by the port district from time to time and in such amounts as is deemed necessary by the port commission to provide sufficient funds for the carrying out of all port district powers and, […]
70-1803. REVENUE BONDS — TERMS — INTEREST RATE. Such revenue bonds shall bear such date or dates, mature at such time or times, be in such denominations, bear interest at a rate or rates, payable at such time or times, be payable at such place or places, be in such form either coupon or registered […]
70-1804. REVENUE BONDS — SOURCES OF PAYMENT — SINKING FUNDS — NEGOTIABLE INSTRUMENTS. Bonds issued under the provisions of this act shall be payable solely out of revenues of the port district other than those revenues derived from ad valorem taxes. Such bonds shall be authorized by resolution of the port commission, which resolution shall […]
70-1805. REVENUE BONDS — COVENANTS AND CONDITIONS — TRUSTEES. The port commission may provide such covenants as it may deem necessary to secure and guarantee the payment of the principal of and interest on such bonds, including, but not limited to, covenants to create reserve accounts and to authorize the deposit of certain moneys therein […]
70-1806. REVENUE BONDS — SIGNING AND SEALING — INTEREST COUPONS — SALE. Such bonds shall be signed on behalf of the port district by the president of the port commission and shall be attested by the secretary of the port commission, one (1) of which signatures may be a facsimile signature, and shall have the […]
70-1807. REVENUE WARRANTS — TERMS AND COVENANTS. Port districts may also issue revenue warrants for the same purposes for which they may issue revenue bonds and the provisions of this act relating to the terms, conditions, covenants, issuance and sale of revenue bonds shall be applicable to such revenue warrants. History: [70-1807, added 1969, ch. […]
70-1808. FUNDING OR REFUNDING BONDS. The port commission of any port district may by resolution, from time to time provide for the issuance of funding or refunding revenue bonds to fund or refund any outstanding revenue or other warrants, bonds, and any premiums thereon, and coupons evidencing interest upon any such bonds at or before […]
70-1809. CONSTRUCTION OF REVENUE BOND AND WARRANT PROVISIONS. This act shall be complete authority for the issuance of the revenue bonds and warrants hereby authorized, and shall be liberally construed to accomplish its purposes. Any restrictions, limitations or regulations relative to the issuance of such bonds or warrants contained in any other act shall not […]
