168.00 – Agreements for Credit Enhancement.
§ 168.00 Agreements for credit enhancement. a. The finance board of any municipality, school district or district corporation (herein a “public body”) is hereby authorized and empowered to enter into such agreements as it deems reasonable and appropriate, with any department or agency of the United States of America, the state, or any other financially […]
169.00 – Installment Loans and Obligations Evidencing Installment Loans.
* § 169.00 Installment loans and obligations evidencing installment loans. a. Notwithstanding the provisions of any other law, general, special or local, inconsistent with this section, relating to the power of municipalities to enter into contracts and to contract indebtedness, the finance board of any municipality selling bonds or notes at private sale to the […]
170.00 – Local Legislation Relating to Local Finance.
§ 170.00 Local legislation relating to local finance. Any county, city, town or village may adopt local laws: 1. Imposing duties in addition to those imposed by this chapter, 2. Altering duties imposed by this chapter so as to make them more stringent, or 3. Restricting or prohibiting the exercise of any powers granted by […]
171.00 – Continuity of Powers and Duties.
§ 171.00 Continuity of powers and duties. a. Any agency, board, commission or official to whom are assigned by this chapter any powers and duties shall exercise such powers and duties in continuation of their exercise by the agency, board, commission or official by which the same were heretofore exercised and shall have power to […]
172.00 – Authorizations Continued.
§ 172.00 Authorizations continued. a. Any authorization adopted by a municipality, school district or district corporation prior to the effective date of this chapter for an object or purpose for which bonds, notes, certificates or other evidences of indebtedness are to be issued shall not lapse or terminate or be otherwise affected by reason of […]
173.00 – Pending Actions, Suits and Proceedings Not Affected.
§ 173.00 Pending actions, suits and proceedings not affected. No action, suit or proceeding, pending at the time when this chapter shall take effect, brought by or against a municipality, school district or district corporation or any agency, board, commission or official thereof, shall be affected or abated by the adoption of this chapter or […]
174.00 – Previously Authorized Obligations Not Affected; Redemption of Outstanding Obligations.
§ 174.00 Previously authorized obligations not affected; redemption of outstanding obligations. The repeal by this chapter of any act authorizing the issuance of bonds, notes, certificates or other evidences of indebtedness heretofore authorized, issued or sold shall not be construed to impair the validity or legality of any such obligations or to affect in any […]
161.00 – Negotiability of Obligations.
§ 161.00 Negotiability of obligations. All bonds and notes of a municipality, school district or district corporation, including notes issued by a city school district pursuant to section 26.00 of this chapter, whether payable to bearer or in registered form, shall be negotiable instruments within the meaning of article eight of the uniform commercial code, […]
162.00 – Exemption From Taxation.
§ 162.00 Exemption from taxation. All bonds and notes of a municipality, school district or district corporation, until payable, and the interest thereon, shall be exempt from taxation for municipal and state purposes.
163.00 – Record of Obligations.
§ 163.00 Record of obligations. a. The chief fiscal officer in counties and cities, the clerk in towns and villages, the clerk or secretary or such other officer as the finance board shall designate in school districts and district corporations, shall keep a complete record of each issue of bonds and notes, which shall include: […]