15-7-101. Purposes. (a) In addition to all other powers provided by law, any city or town may make public improvements as follows for which bonds may be issued to the contractor or be sold as provided in this chapter to: (i) Pave any street or streets in front of or adjacent to any public hospital […]
15-7-102. Borrowing and issuance of bonds; generally; sewerage systems; elections. (a) A city or town may borrow money and issue bonds in either coupon or registered form to any amount not exceeding the limitation provided in W.S. 15-7-109 for the purposes enumerated in this article. The amount of bonds may be any multiple of one […]
15-7-103. Borrowing and issuance of bonds; recreational facilities. A city or town may borrow money and issue coupon bonds in an amount which, together with the municipal indebtedness, but not including sewerage, water supply and school bonds, does not exceed four percent (4%) of the assessed valuation of the city or town to acquire, lease, […]
15-7-104. Borrowing and issuance of bonds; fire prevention. A city or town may borrow money and issue the coupon bonds in an amount not exceeding at one (1) time, four percent (4%) of the assessed valuation of the city or town to acquire and purchase supplies, equipment and apparatus for fire prevention and control and […]
15-7-105. Bonds; endorsed certificate; registration book. (a) The clerk of the city or town shall endorse a certificate upon every bond or evidence of debt issued, stating that it is within the lawful debt limit of the city or town and is issued according to law. He shall sign the certificate in his official character. […]
15-7-106. Bonds; notice; receiving bids; exception; limitation; private sale. (a) After any bonds to be issued for any of the purposes set forth in this article, other than special improvement bonds, have been approved by a vote of the people, the governing body shall give notice by advertisement for three (3) consecutive weeks in a […]
15-7-107. Bonds; tax; interest; sinking fund; redemption. A tax to be fixed by ordinance shall be levied each year to pay the interest on the bonds and to create a sinking fund for their redemption. The money that may be on hand at any time belonging to the sinking fund, until there are bonds redeemable, […]
15-7-108. Bonds; cancellation. The city or town treasurer shall, as soon as the coupons of bonds are paid, cause the word “paid” to be cut into them, and when the bonds are paid cause the word “paid” to be cut in the body of the bond.
15-7-109. Limitations on indebtedness; exceptions. No debt in excess of the taxes for the current year may be created by any city or town, except local improvements as provided by law, unless the proposition to create the debt is approved by a vote of the people. No city or town may create any indebtedness exceeding […]
15-7-110. Custody of funds. The city or town treasurer is the custodian of all monies arising from the sale of bonds issued pursuant to this chapter. He shall give any additional bond or bonds as the governing body requires for safekeeping and disbursing of all such funds.
15-7-111. Bonds for municipal improvements; exception; procedure. (a) Any city or town may issue and sell revenue bonds for the purpose of creating, purchasing, leasing, constructing, maintaining, expanding or improving the following types of municipal improvements: (i) Municipal auditoriums or community meeting facilities; (ii) Land, equipment, municipal incinerators and other necessary improvements and facilities to […]
15-7-112. Borrowing and issuance of bonds for airports; generally. In addition to all other powers, a city or town may borrow money and issue coupon bonds in an amount not exceeding, at one (1) time, four percent (4%) of the assessed valuation of the city or town to acquire, lease, purchase, equip, develop, improve or […]
15-7-113. Borrowing and issuance of bonds for airports; notice; receiving bids. If a majority of the votes are “for the bonds,” the governing body shall publish a notice in a newspaper of general circulation in the city or town, and any other newspapers published in other places as deemed expedient, to the effect that the […]
15-7-114. Borrowing and issuance of bonds for airports; tax; payment; cancellation. (a) A tax to be fixed by ordinance shall be levied for each year to pay the interest and principal of the bonds as they become due and payable. (b) If any bonds or coupons are paid, the treasurer shall cause the word “paid” […]
