Section 390.13 – Public bonds or obligations authorized by resolution of board of directors — terms.
390.13 Public bonds or obligations authorized by resolution of board of directors — terms. 1. The board of directors of an electric power agency, by resolution, may authorize the issuance of public bonds or obligations of the electric power agency. 2. The public bonds or obligations may be issued in one or more series under […]
Section 390.14 – Public bonds or obligations payable solely from agency revenues or funds.
390.14 Public bonds or obligations payable solely from agency revenues or funds. 1. The principal of and interest on any public bonds or obligations issued by an electric power agency shall be payable solely from the revenues or funds pledged or available for their payment as authorized in this subchapter. 2. Each public bond or […]
Section 390.15 – Public bonds or obligations — types — sources for payment — security.
390.15 Public bonds or obligations — types — sources for payment — security. 1. Except as otherwise expressly provided by this subchapter or by the electric power agency, every issue of public bonds or obligations of the electric power agency shall be payable out of any revenues or funds of the electric power agency, subject […]
Section 390.16 – Public bonds or obligations and rates for debt service not subject to state approval.
390.16 Public bonds or obligations and rates for debt service not subject to state approval. Public bonds or obligations of an electric power agency may be issued under this subchapter, and rents, rates, and charges may be established in the same manner as provided in section 28F.5 and pledged for the security of public bonds […]
Section 390.17 – Public bonds or obligations to be negotiable.
390.17 Public bonds or obligations to be negotiable. All public bonds or obligations of an electric power agency shall be negotiable within the meaning and for all of the purposes of the uniform commercial code, chapter 554, subject only to the registration requirement of section 76.10. 2001 Acts, 1st Ex, ch 4, §25, 36 CS2001, […]
Section 390.18 – Validity of public bonds or obligations at delivery — temporary bonds.
390.18 Validity of public bonds or obligations at delivery — temporary bonds. 1. Any public bonds or obligations may be issued and delivered, notwithstanding that one or more of the officers executing them shall have ceased to hold office at the time when the public bonds or obligations are actually delivered. 2. Pending preparation of […]
Section 390.19 – Public or private sale of bonds and obligations.
390.19 Public or private sale of bonds and obligations. Public bonds or obligations of an electric power agency may be sold at public or private sale for a price and in a manner determined by the electric power agency. 2001 Acts, 1st Ex, ch 4, §27, 36 CS2001, §476A.30 2010 Acts, ch 1018, §17 C2011, […]
Section 390.20 – Public bonds or obligations as suitable investments for governmental units, financial institutions, and fiduciaries.
390.20 Public bonds or obligations as suitable investments for governmental units, financial institutions, and fiduciaries. The following persons may legally invest any debt service funds, money, or other funds belonging to such person or within such person’s control in any public bonds or obligations issued pursuant to this subchapter: 1. A bank, trust company, savings […]
Section 390.21 – Resolution, trust indenture, or security agreement constitutes contract — provisions.
390.21 Resolution, trust indenture, or security agreement constitutes contract — provisions. The resolution, trust indenture, or other security agreement under which any public bonds or obligations are issued shall constitute a contract with the holders of the public bonds or obligations, and may contain provisions, among others, prescribing any of the following terms: 1. The […]
Section 390.22 – Mortgage or trust deed to secure bonds.
390.22 Mortgage or trust deed to secure bonds. For the security of public bonds or obligations issued or to be issued by an electric power agency, the electric power agency may mortgage or execute deeds of trust of the whole or any part of its property. 2001 Acts, 1st Ex, ch 4, §30, 36 CS2001, […]