Section 45-48.1-19. – Tax exemption.
§ 45-48.1-19. Tax exemption. Except as may be required by chapter 15.3 of title 46, the district and all its revenues, income and real and personal property shall be exempt from taxation and from betterments and special assessments and the district shall not be required to pay any tax, excise or assessment to or for […]
Section 45-48.1-7. – Exclusive authority for water distribution — Contracts.
§ 45-48.1-7. Exclusive authority for water distribution — Contracts. (a) The district is authorized to obtain and maintain for the district a supply of water for the extinguishing of fire and for distribution to the inhabitants of the district, for domestic use and for other purposes, and may obtain that water by the establishment of […]
Section 45-48.1-8. – Condemnation power.
§ 45-48.1-8. Condemnation power. (a) If for any of the purposes of this act, the district shall find it necessary to acquire any real property, whether for immediate or future use, the district may find and determine that the property, whether a fee simple absolute or a lesser interest, is required for the acquisition, construction […]
Section 45-48.1-9. – Construction and maintenance of pipes, aqueducts and other structures — Tax exemption.
§ 45-48.1-9. Construction and maintenance of pipes, aqueducts and other structures — Tax exemption. The district may within and without the district, and within the limits of the town of West Greenwich, and without the consent of the town, drive, lay, make, construct, and maintain pipes, aqueducts, conduits, machinery, or other equipment or appliances, or […]
Section 45-48.1-10. – Issuance of bonds and notes.
§ 45-48.1-10. Issuance of bonds and notes. (a) For the purpose of raising money to carry out the provisions of this chapter, the district is authorized and empowered to issue bonds and notes in anticipation of bonds. The bonds and notes may be issued hereunder as general obligations of the district or as special obligations […]
Section 45-48.1-11. – Issuance of notes in anticipation of revenue or receipt of grants or other aid.
§ 45-48.1-11. Issuance of notes in anticipation of revenue or receipt of grants or other aid. The district may also provide by resolution for the issuance, from time to time, of temporary notes in anticipation of the revenues to be collected or received by the district in any year, or in anticipation of the receipt […]
Section 45-48.1-12. – Payment of bonds and notes.
§ 45-48.1-12. Payment of bonds and notes. (a) The principal of premium, if any, and interest on all bonds and notes issued under the provisions of this chapter, unless otherwise provided herein, shall be general obligations of the district or shall be payable solely from the funds provided therefor from revenues as herein provided. (b) […]
Section 45-48.1-13. – Refunding bonds and notes.
§ 45-48.1-13. Refunding bonds and notes. The district may issue refunding bonds and notes for the purpose of paying any of its bonds or notes at maturity or upon acceleration or redemption. Refunding bonds and notes may be issued at a time prior to the maturity or redemption of the refunded bonds or notes as […]
Section 45-48.1-14. – Defeasance of bonds or notes.
§ 45-48.1-14. Defeasance of bonds or notes. The district may at any time deposit with a trustee, a sum sufficient, with amounts then on deposit, including the debt service reserve fund, to purchase direct or guaranteed obligations of the United States of America which are adequate to pay the entire principal amount of the bonds […]
Section 45-48.1-15. – Credit of state and municipality not pledged.
§ 45-48.1-15. Credit of state and municipality not pledged. Bonds, notes and other evidences of indebtedness issued or entered into under the provisions of this chapter shall not be deemed to be a debt or a pledge of the faith and credit of the state or of any city or town, but shall be payable […]