§ 45-33-1. Establishment of revolving fund. The legislative body of any community, at any time after it has adopted a resolution declaring that there is a need for an agency to function in the community, may establish a redevelopment revolving fund. For the purpose of raising moneys to be deposited in that fund, the community […]
§ 45-33-10. Continuing validity of signatures — Negotiability of bonds. In case any of the members or officers of the agency whose signatures appear on any bonds or coupons cease to be members or officers before the delivery of the bonds, their signatures are, nevertheless, valid and sufficient for all purposes, the same as if […]
§ 45-33-11. Recitals as to purpose of bonds. In any suit, action, or proceedings involving the validity or enforceability of any bonds of an agency or their security, any bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project or for code enforcement projects, shall be […]
§ 45-33-12. Remedies of obligees. An obligee of an agency has the right, in addition to all other rights which may be conferred on the obligee, subject only to any contractual restrictions binding upon the obligee: (1) By mandamus, suit, action, or proceeding at law or in equity, to compel the agency and its members, […]
§ 45-33-13. Additional remedies conferrable on obligees. An agency has power, by its resolution, trust indenture, mortgage, lease, or other contract, to confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event or default as […]
§ 45-33-14. Tax exemption of bonds. The bonds of an agency are declared to be issued for an essential public and governmental purpose, and, together with interest and income, are exempt from all taxes. History of Section.P.L. 1956, ch. 3654, § 83; G.L. 1956, § 45-33-14.
§ 45-33-15. Bonds as legal investments. Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and the public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying […]
§ 45-33-16. Financial assistance by other public agencies. In addition to the powers conferred upon an agency by other provisions of chapters 31 — 33 of this title, an agency is empowered to borrow money or accept financial or other assistance, from the federal or state government or any state public body, for or in […]
§ 45-33-17. Previously issued bonds ratified. All proceedings taken before April 2, 1956, by a legislative body of a community authorizing the issuance of bonds of a community to provide funds for a redevelopment revolving fund under § 46 of chapter 1802 of the Public Laws of 1946, as amended, or for a redevelopment revolving […]
§ 45-33-2. Bonds of city or town. (a) The legislative body may also authorize the issuance of general obligation or revenue bonds to provide moneys to be used by the agency to carry out a redevelopment plan for a specific project area or for code enforcement projects carried on pursuant to the provision of appropriate […]
§ 45-33-3. Abolition of revolving fund. The legislative body of any community may abolish the redevelopment revolving fund whenever it finds that the purposes for which the fund was established have been accomplished. At the time of abolishing the fund, the legislative body shall transfer all moneys in the fund to the general obligation bond […]
§ 45-33-4. Appropriations, borrowing, and loans by cities and towns. Any community in this state is authorized to appropriate moneys raised by taxes or other funds, including, but not limited to, funds in the redevelopment revolving fund, and to borrow money as provided in chapters 31 — 33 of this title, and may lend or […]
§ 45-33-5. Power to issue bonds — Revenue and mortgage bonds. An agency has power to issue bonds from time to time in its discretion, for any of its corporate purposes. The term “bonds” means and includes the notes, bonds, and other evidences of indebtedness which an agency is authorized to issue pursuant to chapters […]
§ 45-33-6. Restrictions on liability on bonds. Neither the members of an agency nor any person executing the bonds are personally liable on the bonds by reason of their issuance. The bonds and other obligations of any agency (and those bonds and other obligations shall so state on their face) are not a debt of […]
§ 45-33-7. Terms and form of bonds. Bonds of an agency are authorized by its resolution, and may be issued in one or more series, and shall bear a date or dates, mature at time or times, bear interest at a rate or rates, be in a denomination or denominations, be in a form, either […]
§ 45-33-8. Terms and covenants permissible in bonds. In connection with the issuance of bonds, an agency, in addition to its other powers, has power: (1) To pledge all or any part of its net rents, fees, or revenues to which its right then exists or may thereafter come into existence. (2) To encumber (by […]
§ 45-33-9. Repealed.
