Section 15-9-223 – Inclusion of Additional Property Into Development Area; Procedure.
15-9-223. Inclusion of additional property into development area; procedure. Subsequent to the organization of an authority, additional property may be included in the development area. Proceedings for inclusion shall be initiated by petition to the board of the authority signed by the owner or owners in fee of each parcel of land adjacent to the […]
Section 15-10-101 – Definitions.
15-10-101. Definitions. (a) As used in this chapter: (i) “Area of operation” means the area within the boundaries of a municipality or county as the case may be or, in the case of combined operations of municipalities and counties, the area comprising the operating area of all the municipalities and counties so combining. In the […]
Section 15-10-102 – Findings Prerequisite to Exercising Authority.
15-10-102. Findings prerequisite to exercising authority. (a) No municipality or county shall exercise the authority conferred by this chapter until its governing body adopts a resolution finding that: (i) Unsanitary or unsafe or substandard inhabited dwelling accommodations exist in the municipality or county; or (ii) There is a shortage of safe and sanitary dwelling accommodations […]
Section 15-9-211 – Bond Provisions; Lost or Destroyed Securities; Facsimile Signatures; Limited Obligations.
15-9-211. Bond provisions; lost or destroyed securities; facsimile signatures; limited obligations. (a) Bonds issued pursuant to this article shall bear interest at a rate such that the net effective interest rate of the issue does not exceed the maximum net effective interest rate authorized, payable semiannually or annually, and evidenced by one (1) or two […]
Section 15-9-212 – Refunding Bonds; Limited Obligations.
15-9-212. Refunding bonds; limited obligations. (a) By ordinance adopted by the governing body at a regular or special meeting, by vote of a majority of the members of the governing body, any bonds issued under this article may be refunded by the municipality without an election, subject to the provisions concerning their payment and to […]
Section 15-9-213 – Revenue Bonds.
15-9-213. Revenue bonds. In addition to the bonds authorized pursuant to W.S. 15-9-212, the municipality may issue revenue bonds payable solely from legally available nontax revenues of the municipality. Except for the foregoing, bonds shall be issued pursuant to all the other provisions of W.S. 15-9-211. However, revenue bonds issued pursuant to this section shall […]
Section 15-9-214 – Tax Exemption; Exceptions.
15-9-214. Tax exemption; exceptions. The bonds and the income therefrom shall be exempt from taxation, except estate and transfer taxes.
Section 15-9-215 – Limitation of Actions.
15-9-215. Limitation of actions. After thirty (30) days from the effective date of any ordinance or resolution authorizing the issuance of bonds pursuant to this article, all actions or suits challenging its findings, determinations or contents or challenging the validity of the bonds shall be perpetually barred.
Section 15-9-216 – Rights and Powers of Bondholders.
15-9-216. Rights and powers of bondholders. (a) Subject to any contractual limitations binding upon the holders of any issue of bonds or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of the holders, any holder of bonds or trustee therefor has the […]
Section 15-9-217 – Officers and Other Personnel Employed by Board; Duties; Administrative Expenses.
15-9-217. Officers and other personnel employed by board; duties; administrative expenses. (a) The board shall employ and fix the compensation, subject to the approval of the governing body, of the following, who shall serve at the pleasure of the board: (i) A director, who shall be a person of good moral character and possessed of […]