Section 100.440 – Bonds, how issued, authorized and sold.
Effective – 28 Aug 1982 100.440. Bonds, how issued, authorized and sold. — 1. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, be payable upon demand or mature at such time or times, bear interest at such […]
Section 100.445 – Allowable rates of interest.
Effective – 28 Aug 1980 100.445. Allowable rates of interest. — If the interest rates allowed under the provisions of this act* are greater than the interest rates allowed under the provisions of senate bill no. 554** of the second regular session of the eightieth general assembly, then the interest rates allowed under this act* […]
Section 100.450 – Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax.
Effective – 28 Aug 1967 100.450. Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax. — 1. Neither the commissioners of any authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds […]
Section 100.460 – Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose.
Effective – 28 Aug 1967 100.460. Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose. — 1. In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the […]
Section 100.470 – Payment of bonds secured, how.
Effective – 28 Aug 1967 100.470. Payment of bonds secured, how. — In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, an authority, in addition to its other powers, shall have power: (1) To pledge all or any […]
Section 100.340 – Commission, quorum, officers, legal services, how obtained.
Effective – 28 Aug 1967 100.340. Commission, quorum, officers, legal services, how obtained. — 1. The powers hereunder vested in each authority shall be exercised by the board of commissioners thereof. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting business and exercising the powers of the […]
Section 100.350 – Commissioner, expenses — certificate of appointment.
Effective – 28 Aug 1967 100.350. Commissioner, expenses — certificate of appointment. — A commissioner of an authority shall receive no compensation for his services, but shall be entitled to the necessary expenses, including traveling expenses, incurred in the discharge of his duties. Each commissioner shall hold office until his successor has been appointed and […]
Section 100.360 – Commissioner, removal for cause, hearing.
Effective – 28 Aug 1967 100.360. Commissioner, removal for cause, hearing. — For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor, but a commissioner shall be removed only after a hearing and after he shall have been given a copy of the charges […]
Section 100.370 – Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited.
Effective – 28 Aug 1967 100.370. Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited. — 1. No commissioner or employee of an authority shall voluntarily acquire any interest, direct or indirect, in any project […]
Section 100.380 – Adoption of resolution or ordinance, effect of — certified copy admissible as evidence.
Effective – 28 Aug 1967 100.380. Adoption of resolution or ordinance, effect of — certified copy admissible as evidence. — 1. In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of an authority or other public body, such authority or other public body shall be conclusively deemed […]