Section 6-20-6 – Revenues available for operation and maintenance of airport–Taxing power not used to liquidate bonds–Exceptions.
6-20-6. Revenues available for operation and maintenance of airport–Taxing power not used to liquidate bonds–Exceptions. The pledge of revenues made by the initial resolution shall be sufficient to pay the interest and the principal thereof when due, and shall be irrepealable until the bonds and the interest are paid, and that the revenues not pledged […]
Section 6-20-7 – Covenants respecting operation and maintenance of airport.
6-20-7. Covenants respecting operation and maintenance of airport. Without limitation of the generality hereof, covenants may be entered into as to the manner of operation and maintenance of the airport, the insurance of properties whose revenues are pledged for payment of the bonds, the collection, segregation, deposit, investment, safekeeping, and disbursement of the pledged revenues, […]
Section 6-20-8 – Default in payment of bonds–Mismanagement of airport–Appointment of receiver for payment of bonds–Restoration of airport to local control.
6-20-8. Default in payment of bonds–Mismanagement of airport–Appointment of receiver for payment of bonds–Restoration of airport to local control. In addition to any other remedy, if there be any default in the payment of the principal or interest or in any covenant materially affecting the rights of any bondholder, and such default shall continue for […]
Section 6-20-5 – Funds available for payment of bonds–Pledge of revenue from future facilities.
6-20-5. Funds available for payment of bonds–Pledge of revenue from future facilities. The revenue bonds authorized by this chapter shall be payable solely from the revenues described in the resolution or ordinance initially adopted, except that the resolution or ordinance may also pledge therefor the revenues of any other facilities to be acquired in future, […]
Section 6-17-11 – Preservation of resolution petitions–Public inspection.
6-17-11. Preservation of resolution petitions–Public inspection. The person in charge of an election shall preserve all petitions requesting a resolution for at least two years. The petitions are open to public inspection upon reasonable request. Source: SL 2001, ch 36, §11.
Section 6-17-12 – Waiting period before second vote on resolution.
6-17-12. Waiting period before second vote on resolution. No question contained in an initiated resolution may be voted upon again within one year from the date of the election thereon. Source: SL 2001, ch 36, §12.
Section 6-17-13 – Local government entity authorized to initiate resolution.
6-17-13. Local government entity authorized to initiate resolution. A local government entity governing board may propose and adopt a resolution under this chapter and directly present it to the people for a vote as allowed under this chapter without resorting to the petition process. Source: SL 2001, ch 36, §13.
Section 6-17-14 – Judicial notice of local government entities.
6-17-14. Judicial notice of local government entities. The court shall take judicial notice of the existence of all local government entities organized under the general laws of this state and of any change of organization authorized thereby. Source: SL 2001, ch 36, §14.
Section 6-17-15 – Liberal construction of petitions.
6-17-15. Liberal construction of petitions. Any petition filed pursuant to this chapter may be made up and signed and shall be liberally construed as provided by the statute governing an initiated law. Source: SL 2001, ch 36, §15.
Section 6-20-1 – Local government airport improvement contracts–Authorization, issuance, and sale of revenue bonds.
6-20-1. Local government airport improvement contracts–Authorization, issuance, and sale of revenue bonds. Any municipality or county owning and operating an airport which has been approved by the state Aeronautics Commission for public use may contract to construct, improve, and equip buildings, hangars, runways, and structures for the improvement of its municipal or county airport. In […]