Section 419.17 – Revenue bonds issued.
419.17 Revenue bonds issued. 1. Cities may also issue revenue bonds for projects located within a qualified urban renewal area or an area designated a revitalization area pursuant to sections 404.1 through 404.7. The revenue bonds shall be issued pursuant to the provisions of this chapter and all provisions of this chapter shall apply, except […]
Section 419.18 – Grain and soybean storage facilities — bonds issued.
419.18 Grain and soybean storage facilities — bonds issued. In order to provide greater sources of financing and to encourage an increase in the capacity of grain and soybean storage facilities within the state, cities and counties may issue revenue bonds, to be originally purchased by financial institutions or other bond purchasers which are located […]
Section 419.3 – Bonds as limited obligations.
419.3 Bonds as limited obligations. 1. All bonds issued by a municipality, under the authority of this chapter, shall be limited obligations of the municipality. The principal of and interest on such bonds shall be payable solely out of the revenues derived from the project to be financed by the bonds so issued under the […]
Section 419.4 – Pledge of revenues.
419.4 Pledge of revenues. 1. The principal of and interest on any bonds, issued under authority of this chapter, shall be secured by a pledge of the revenues out of which such bonds shall be made payable. They may be secured by a mortgage covering all or any part of the project from which the […]
Section 419.5 – Determination of rent.
419.5 Determination of rent. 1. Prior to entering into a lease, sale contract or loan agreement with respect to any project, the governing body must determine the amount necessary in each year to pay the principal of and the interest on the bonds proposed to be issued to finance such project; the amount necessary to […]
Section 419.6 – Refunding bonds.
419.6 Refunding bonds. Any bonds, issued under the provisions of this chapter and at any time outstanding, may at any time and from time to time be refunded by a municipality by the issuance of its refunding bonds in such amount as the governing body may deem necessary but not exceeding an amount sufficient to […]
Section 419.7 – Application of proceeds limited.
419.7 Application of proceeds limited. The proceeds from the sale of any bonds, issued under authority of this chapter, shall be applied only for the purpose for which the bonds were issued and if, for any reason, any portion of such proceeds shall not be needed for the purpose for which the bonds were issued, […]
Section 419.8 – No payment by municipality.
419.8 No payment by municipality. Repealed by 2009 Acts, ch 100, §20, 21 .
Section 419.9 – Public hearing.
419.9 Public hearing. Prior to the issuance of any bonds under authority of this chapter, the municipality shall conduct a public hearing on the proposal to issue said bonds. Notice of intention to issue the bonds, specifying the amount and purpose thereof and the time and place of hearing, shall be published at least once […]
Section 419.10 – Default.
419.10 Default. In case of a default in the payment of any revenue bonds, issued pursuant to the provisions of this chapter, the municipality which defaulted in such payment shall be precluded from entering into any activity of its own except to release the property for some industrial activity. [C66, 71, 73, 75, 77, 79, […]