384.21 Joint investment of funds. A city or a city utility board shall keep all funds invested to the extent practicable and may invest the funds jointly with one or more cities, utility boards, judicial district departments of correctional services, counties, or rural water districts created under chapter 357A pursuant to a joint investment agreement. […]
384.22 Annual reports — financial report — urban renewal report. 1. Not later than December 1 of each year, a city shall publish an annual financial report as provided in section 362.3 containing a summary for the preceding fiscal year of all collections and receipts, all accounts due the city, and all expenditures, the current […]
384.23 Construction of words “and” and “or”. As used in subchapters III through V of this chapter, the use of the conjunctive “and” includes the disjunctive “or” and the use of the disjunctive “or” includes the conjunctive “and”, unless the context clearly indicates otherwise. [C75, 77, 79, 81, §384.23] 2007 Acts, ch 144, §16; 2018 […]
384.24 Definitions. As used in this subchapter, unless the context otherwise requires: 1. “General obligation bond” means a negotiable bond issued by a city and payable from the levy of unlimited ad valorem taxes on all the taxable property within the city through its debt service fund which is required to be established by section […]
384.24A Loan agreements. A city may enter into loan agreements to borrow money for any public purpose in accordance with the following terms and procedures: 1. A loan agreement entered into by a city may contain provisions similar to those sometimes found in loan agreements between private parties, including, but not limited to, the issuance […]
384.25 General obligation bonds for essential purposes. 1. A city which proposes to carry out any essential corporate purpose within or without its corporate limits, and to contract indebtedness and issue general obligation bonds to provide funds to pay all or any part of the cost of a project must do so in accordance with […]
384.26 General obligation bonds for general purposes. 1. A city which proposes to carry out any general corporate purpose within or without its corporate limits, and to contract indebtedness and issue general obligation bonds to provide funds to pay all or any part of the costs of a project, must do so in accordance with […]
384.27 Sale of bonds. 1. A city may sell general obligation bonds at public or private sale in the manner prescribed by chapter 75. 2. General obligation funding or refunding bonds issued for the purposes specified in section 384.24, subsection 3, paragraph “f”, may be exchanged for the evidences of the legal indebtedness being funded […]
384.28 Categories for general obligation bonds. 1. A city may issue general obligation bonds pursuant to a resolution adopted at a regular or special meeting by a majority of the total number of members to which the council is entitled. Each paragraph of section 384.24, subsections 3 and 4, describes a separate category. Separate categories […]
384.29 Form of bonds. As provided by resolution of the council, general obligation bonds may: 1. Bear dates. 2. Bear interest at rates not exceeding the limitations imposed by chapter 75. 3. Mature in one or more installments. 4. Be in either coupon or registered form. 5. Carry registration and conversion privileges. 6. Be payable […]
384.3 General fund. All moneys received for city government purposes from taxes and other sources must be credited to the general fund of the city, except that moneys received for the purposes of the debt service fund, the trust and agency funds, the capital improvements reserve fund, the emergency fund and other funds established by […]
384.30 Execution. General obligation bonds must be executed by the mayor and city clerk. If coupons are attached to the bonds, they must be executed with the original or facsimile signature of the clerk. A general obligation bond is valid and binding if it bears the signatures of the officers in office on the date […]
384.31 Negotiable. General obligation bonds issued pursuant to this subchapter are negotiable instruments. [C75, 77, 79, 81, §384.31] 2017 Acts, ch 29, §107; 2018 Acts, ch 1041, §127 Referred to in §37.6, 357E.11A, 386.11, 389.4, 390.5
384.32 Tax to pay. Taxes for the payment of general obligation bonds must be levied in accordance with chapter 76, and the bonds are payable from the levy of unlimited ad valorem taxes on all the taxable property within the city through its debt service fund authorized by section 384.4. [C97, §852 – 855, 912; […]
384.33 Action. No action may be brought which questions the legality of general obligation bonds or the power of the city to issue the bonds or the effectiveness of any proceedings relating to the authorization and issuance of the bonds from and after sixty days from the time the bonds are ordered issued by the […]
384.34 Local budget law. The provisions of subchapter II of this chapter do not apply to any bonds issued pursuant to this subchapter. [C75, 77, 79, 81, §384.34] 2018 Acts, ch 1041, §127 Referred to in §37.6, 357E.11A, 389.4, 390.5
384.35 Rule of construction. The enumeration in this subchapter of specified powers and functions is not a limitation of the powers of cities, but the provisions of this subchapter and the procedures prescribed for exercising the powers and functions enumerated in this subchapter shall control and govern in the event of any conflict with the […]
384.36 Prior proceedings. Projects and proceedings for the issuance of general obligation bonds commenced before the effective date of the city code may be consummated and completed as required or permitted by any statute or other law amended or repealed by the city code as though the repeal or amendment had not occurred, and the […]
384.37 Definitions. As used in this subchapter, unless the context otherwise requires: 1. “Abutting lot” means a lot which abuts or joins the street in which the public improvement is located or which abuts the right-of-way of the public improvement. 2. “Adjacent lot” means a lot within the district which does not abut upon the […]
384.38 Certain costs assessed to private property. 1. A city may assess to private property within the city the cost of construction and repair of public improvements within the city, and main sewers, sewage pumping stations, disposal and treatment plants, waterworks, water mains, extensions, and drainage conduits extending outside the city. 2. Upon petition as […]
