Section 50-6A-40 – Disposal of airport or property by authority–Manner and terms.
50-6A-40. Disposal of airport or property by authority–Manner and terms. Except as may be limited by the terms and conditions of any grant, loan or agreement, authorized by §§50-6A-27 and 50-6A-28, an authority may, by sale, lease, or otherwise, dispose of any airport, airport facility, or other property, or portion thereof or interest therein, acquired […]
Section 50-6A-41 – Rules, regulations, and orders.
50-6A-41. Rules, regulations, and orders. An authority may adopt, amend, and repeal such reasonable resolutions, rules, regulations, and orders as it deems necessary for the management, government, and use of any airport or airport facility owned by it or under its control. No rule, regulation, order, or standard prescribed by the commission shall be inconsistent […]
Section 50-6A-42 – Agencies authorized to act through joint boards.
50-6A-42. Agencies authorized to act through joint boards. For the purposes of this section and §§50-6A-43 to 50-6A-51, inclusive, unless otherwise qualified: (1)The term “public agency” includes any subdivision or authority, as defined in this chapter, any agency of the state government or of the United States, and any municipality, political subdivision or agency of […]
Section 50-6A-43 – Joint exercise of powers by airport authority and public agency.
50-6A-43. Joint exercise of powers by airport authority and public agency. All powers, privileges, and authority granted by this chapter may be exercised and enjoyed by an authority jointly with any public agency of this state, and jointly with any public agency of any adjoining state or of the United States to the extent that […]
Section 50-6A-29 – Bonds issued by authority–Terms–Minimum sale price–Interest rate.
50-6A-29. Bonds issued by authority–Terms–Minimum sale price–Interest rate. An authority shall have the power to borrow money for any of its corporate purposes and issue its bonds therefor, including refunding bonds, in such form and upon such terms as it may determine, payable out of any revenues of the authority, including grants or contributions from […]
Section 50-6A-30 – Bonds payable solely from airport revenues–Special obligation if within debt limitation.
50-6A-30. Bonds payable solely from airport revenues–Special obligation if within debt limitation. Any bonds issued pursuant to this chapter by an authority shall be payable, as to principal and interest, solely from revenues of an airport or airport facility or facilities, and shall so state on their face, but if any such issue of bonds […]
Section 50-6A-31 – Covenants and indentures for bond security–Priority over operating costs.
50-6A-31. Covenants and indentures for bond security–Priority over operating costs. For the security of any such bonds the authority may by resolution make and enter into any covenant, agreement, or indenture authorized to be made as security for revenue bonds. The sums required from time to time to pay principal and interest and to create […]
Section 50-6A-32 – Recitation in bond as conclusive on issuance and purpose.
50-6A-32. Recitation in bond as conclusive on issuance and purpose. Any bond reciting in substance that it has been issued by the authority pursuant to the provisions of this chapter and for a purpose or purposes authorized to be accomplished by this chapter shall be conclusively deemed, in any suit, action, or proceeding involving the […]
Section 50-6A-33 – Signatures of commissioners or officers valid after signers leave office.
50-6A-33. Signatures of commissioners or officers valid after signers leave office. In case any of the commissioners or officers of an authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers after authorization but before the delivery of the bonds, the signature shall, nevertheless be valid and sufficient […]
Section 50-6A-34 – Public sale of bonds–Small issues excepted–Interest.
50-6A-34. Public sale of bonds–Small issues excepted–Interest. Bonds issued pursuant to §50-6A-29 shall be sold at public sale, except when such obligations do not exceed the total sum of one hundred thousand dollars, and shall bear interest. Source: SL 1976, ch 303, §13; SL 1983, ch 28, §64.