Section 9-41A-42 – State approval not required for bonds and notes–Establishment and pledge of rents and charges.
9-41A-42. State approval not required for bonds and notes–Establishment and pledge of rents and charges. Bonds or notes of a municipal power agency may be issued under the provisions of this chapter, and rents, rates, and charges may be established pursuant to §9-41A-54 and pledged for the security of bonds or notes and interest and […]
Section 9-41A-43 – Negotiability of bonds and notes.
9-41A-43. Negotiability of bonds and notes. All bonds and notes of a municipal power agency shall be negotiable within the meaning and for all the purposes of the Uniform Commercial Code, subject only to any registration requirement. Source: SL 1978, ch 66, §36.
Section 9-41A-44 – Continuing validity of officers’ signatures on bonds and notes–Temporary bonds.
9-41A-44. Continuing validity of officers’ signatures on bonds and notes–Temporary bonds. Any bonds or notes may be issued and delivered, notwithstanding that one or more of the officers executing them shall have ceased to hold office at the time when the bonds or notes are actually delivered. Pending preparation of definitive bonds, a municipal power […]
Section 9-41A-45 – Sale of bonds and notes.
9-41A-45. Sale of bonds and notes. Bonds or notes of a municipal power agency may be sold at public or private sale for a price and in a manner determined by the agency. Source: SL 1978, ch 66, §39.
Section 9-41A-30 – Powers over personal property.
9-41A-30. Powers over personal property. A municipal power agency may acquire, own, hire, use, operate, and dispose of personal property. Source: SL 1978, ch 66, §20.
Section 9-41A-31 – Powers over real property.
9-41A-31. Powers over real property. A municipal power agency may acquire, own, use, lease as lessor or lessee, operate, and dispose of real property and interests in real property, and make improvements thereon. Source: SL 1978, ch 66, §21.
Section 9-41A-32 – Power of eminent domain.
9-41A-32. Power of eminent domain. A municipal power agency may exercise the power of eminent domain in accordance with §§9-41A-51 and 9-41A-52. Source: SL 1978, ch 66, §25.
Section 9-41A-33 – Franchises and leases of facilities.
9-41A-33. Franchises and leases of facilities. A municipal power agency may grant the use by franchise, lease, or otherwise, and make charges for the use of any property or facility owned or controlled by it. Source: SL 1978, ch 66, §22.
Section 9-41A-34 – Encumbrance of property to secure obligations.
9-41A-34. Encumbrance of property to secure obligations. A municipal power agency may mortgage, pledge, and grant a security interest in any or all of its real and personal property to secure the payment of its bonds, notes, or other obligations or contracts. Source: SL 1978, ch 66, §31.
Section 9-41A-35 – Insurance against losses to property.
9-41A-35. Insurance against losses to property. A municipal power agency may procure insurance against any losses in connection with its property, operations, or assets in such amounts and from such insurers as it deems desirable. Source: SL 1978, ch 66, §29.