Section 9-52-6 – Revenue bonds payable solely from auditorium revenues–Credit and taxing powers not pledged.
9-52-6. Revenue bonds payable solely from auditorium revenues–Credit and taxing powers not pledged. Revenue bonds issued under this chapter shall be payable solely from the net revenue derived from and traceable to properties acquired by the expenditure of the proceeds of revenue bonds, or of bonds refunded thereby, as fixed and determined by the governing […]
Section 9-52-8 – Auditorium revenues appropriated to special fund–Operating expenses paid from fund–Net revenue pledged to separate account for bond retirement and reserves.
9-52-8. Auditorium revenues appropriated to special fund–Operating expenses paid from fund–Net revenue pledged to separate account for bond retirement and reserves. Prior to delivery of any such bonds the governing body shall by the resolutions adopted under §9-52-3 create a special fund and appropriate and pledge thereto all gross receipts in respect of rentals, fees, […]
Section 9-52-9 – Covenants and agreements with bondholders for administration and security of bonds–Bondholders’ right to compel performance.
9-52-9. Covenants and agreements with bondholders for administration and security of bonds–Bondholders’ right to compel performance. In and by the resolutions authorizing revenue bonds the governing body shall also have the power to make and enter into on the part of the municipality covenants and agreements with the purchasers and holders thereof from time to […]