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.
Section 50-6A-20 – Taking possession on commencement of eminent domain proceedings–Abandonment of proceedings–Liability for damage.
50-6A-20. Taking possession on commencement of eminent domain proceedings–Abandonment of proceedings–Liability for damage. Notwithstanding the provisions of any other statute or other law of this state, a regional airport authority may take possession of any property to be acquired by eminent domain proceedings at any time after the commencement of such proceedings. The authority shall […]
Section 50-6A-21 – Zoning powers of authority.
50-6A-21. Zoning powers of authority. A regional airport authority shall have the power to establish comprehensive airport zoning regulations in accordance with the laws of this state. For the purpose of this chapter, a regional airport authority shall have the same powers as all other political subdivisions in the adoption and enforcement of comprehensive airport […]
Section 50-6A-22 – Subdivision’s zoning power not limited.
50-6A-22. Subdivision’s zoning power not limited. Nothing contained in this chapter shall be construed to limit any right, power, or authority of a subdivision to regulate airport hazards by zoning. Source: SL 1976, ch 303, §35.
Section 50-6A-23 – Certification of tax levy amounts–Levy by subdivisions–Collection–Payment to authority.
50-6A-23. Certification of tax levy amounts–Levy by subdivisions–Collection–Payment to authority. An authority shall have all the powers necessary or convenient to carry out the purposes of this chapter including the power to certify, annually to the governing bodies creating it, the amount of financial support requested from said governing bodies for airport purposes. Each subdivision […]
Section 50-6A-24 – Maximum airport levy–County levy inapplicable to municipality levying.
50-6A-24. Maximum airport levy–County levy inapplicable to municipality levying. In counties or municipalities supporting airport authorities, a levy in addition to all other levies permitted by law, not to exceed two dollars and forty cents per thousand dollars of taxable valuation of property in such county or municipality, may be made for such purposes, but […]
Section 50-6A-15 – Corporate powers of regional authority.
50-6A-15. Corporate powers of regional authority. A regional airport authority shall have the power: (1)To sue and be sued; to have a seal; and to have perpetual succession; (2)To execute such contracts and other instruments and take such other action as may be necessary or convenient to carry out the purposes of this chapter. In […]