Section 76.17 – Powers of public issuers.
76.17 Powers of public issuers. 1. A public body authorized to issue bonds may elect to issue bonds bearing a variable or fluctuating rate of interest which is determined on one or more intervals by reference to an index or standard, or as fixed by an interest rate indexing or remarketing agent retained by the […]
Section 76.18 – Covenants authorized — tax exemption.
76.18 Covenants authorized — tax exemption. A public issuer of bonds or other debt obligations may covenant that the issuer will comply with requirements or limitations imposed by the Internal Revenue Code to preserve the tax exemption of interest payable on the bonds or obligations and may carry out and perform other covenants, including but […]
Section 76.7 – Particular bonds affected — payment.
76.7 Particular bonds affected — payment. Counties, cities and school corporations may at any time or times extend or renew any legal indebtedness or any part thereof they may have represented by bonds or certificates where such indebtedness is payable from a limited annual tax or from a voted annual tax, and may by resolution […]
Section 76.1 – Mandatory retirement.
76.1 Mandatory retirement. 1. Issues of bonds of every kind and character by counties, cities, and school corporations shall be consecutively numbered. 2. a. The annual levy shall be sufficient to pay the interest and approximately such portion of the principal of the bonds as will retire them in a period not exceeding twenty years […]
Section 76.2 – Mandatory levy — obligations in anticipation of levy.
76.2 Mandatory levy — obligations in anticipation of levy. 1. a. The governing authority of a political subdivision specified in section 76.1, subsection 1, before issuing bonds shall, by resolution, provide for the assessment of an annual levy upon all the taxable property in the political subdivision sufficient to pay the interest and principal of […]
Section 76.3 – Tax limitations.
76.3 Tax limitations. Tax limitations in any law or proposition for the issuance of bonds or obligations, including any law or proposition for the issuance of bonds or obligations in anticipation of levies or collections of taxes or both, shall be based on the latest equalized actual valuation then existing and shall only restrict the […]
Section 76.4 – Permissive application of funds.
76.4 Permissive application of funds. Whenever the governing authority of such political subdivision shall have on hand funds derived from any other source than taxation which may be appropriated to the payment either of interest or principal, or both principal and interest of such bonds, such funds may be so appropriated and used and the […]
Section 76.5 – Application.
76.5 Application. Sections 76.1 through 76.4 apply only to bonds or other obligations payable from taxation, other than bonds which are payable out of the primary road fund. [C27, 31, 35, §1179-b4; C39, §1179.5; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §76.5] 84 Acts, ch 1021, §1
Section 76.6 – Place of payment.
76.6 Place of payment. The principal and interest of all public bonds or obligations of a public corporation in this state are payable at the office of the treasurer or public official charged with the duty of making payment, unless the proceedings of the governing body authorizing the issuance of the public bonds or obligations […]