Section 45-54-23. – Transfers to governmental body.
§ 45-54-23. Transfers to governmental body. When all bonds issued under the provisions of the chapter for each specific project and their interest have been paid, or a sufficient amount for the payment of all the bonds and their interest to the maturity of the bonds have been set aside in trust for the benefit […]
Section 45-54-24. – Applicability of other laws.
§ 45-54-24. Applicability of other laws. This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized hereby and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds, notes, and other obligations of the corporation under the […]
Section 45-54-25. – Liberal construction.
§ 45-54-25. Liberal construction. This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effectuate its purposes. History of Section.P.L. 1991, ch. 421, § 1.
Section 45-54-11. – Trust agreement.
§ 45-54-11. Trust agreement. In the discretion of the corporation, any bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the corporation and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. […]
Section 45-54-12. – Revenues.
§ 45-54-12. Revenues. (a) The corporation is authorized and empowered to fix, revise, and collect from time to time, subject to the provisions of this chapter, fees, rentals, and other charges for the use of projects of, or the services rendered by the corporation to pay: (1) The cost of maintaining, repairing, and operating the […]
Section 45-54-13. – Trust funds.
§ 45-54-13. Trust funds. All moneys received pursuant to the provisions of this chapter, whether as proceeds from the sale of bonds or as revenues, are deemed to be trust funds, to be held and applied as may be provided in the resolution authorizing the issuance of the bonds or the trust agreement securing the […]
Section 45-54-14. – Remedies.
§ 45-54-14. Remedies. Any holder of bonds issued under the provisions of this chapter, or of any of the coupons appertaining to the bonds, and the trustee under the trust agreement or the resolution, except to the extent the rights given by this chapter may be restricted by the trust agreement or the resolution, may, […]
Section 45-54-15. – Negotiable instruments.
§ 45-54-15. Negotiable instruments. Notwithstanding any of the preceding provisions of this chapter or any recitals in any bonds issued under the provisions of this chapter, all bonds are deemed to be negotiable instruments under the laws of this state. History of Section.P.L. 1991, ch. 421, § 1.
Section 45-54-6. – Powers.
§ 45-54-6. Powers. Except to the extent inconsistent with any specific provision of this chapter, the corporation has the power: (1) To sue and be sued, complain, and defend in its corporate name; (2) To have a seal, which may be altered at pleasure, and to use the seal by causing it or a facsimile […]
Section 45-54-7. – Exemption from taxation.
§ 45-54-7. Exemption from taxation. The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state and for the facilitation of the conduct of their public business, and as the acquisition, construction, operation, and maintenance by the corporation of the projects defined in […]