Section 18-12-122 – Election Procedures.
18-12-122. Election procedures. (a) Except as otherwise provided in this section, the bond elections of districts shall be called by the board of county commissioners at the request of the district and held in accordance with election dates and procedures set forth in W.S. 22-21-101 through 22-21-112. A proposal submitted in the bond election shall […]
Section 18-12-123 – Resolution for Issuance of Bonds.
18-12-123. Resolution for issuance of bonds. The board, by resolution, shall determine whether coupon bonds or registered bonds of the district shall be issued and sold to raise money for any of the purposes for which the district was formed, if the bonds are authorized, and shall similarly fix and determine the denomination of each […]
Section 18-12-124 – Bonds Secured by Pledge of District.
18-12-124. Bonds secured by pledge of district. The payment of the principal and interest on the bonds constitutes a liability of the district. The full faith and credit, and all taxable property lying within the district is pledged for the payment of the bonds in accordance with the terms thereof.
Section 18-12-125 – Exemption From Taxation in This State.
18-12-125. Exemption from taxation in this state. The interest payable upon the bonds is exempt from any taxes levied or assessed by the state of Wyoming or any agency thereof.
Section 18-12-126 – Offer of Bonds by the Board; Bond Brochures.
18-12-126. Offer of bonds by the board; bond brochures. (a) If the majority of the votes cast by the voters at the election on the proposition of issuing bonds of the district favors issuing the bonds, and if the issuance of the bonds is authorized by the board, the bonds may be sold at either […]
Section 18-12-127 – Deposit of Proceeds of Bonds.
18-12-127. Deposit of proceeds of bonds. Bonds issued by the board shall be sold at the time and in the amounts prescribed by the board but for not less than par. The proceeds of the sale of the bonds, exclusive of any premiums received, shall be deposited to the credit of the district in the […]
Section 18-12-128 – Printing of Bonds.
18-12-128. Printing of bonds. After ascertaining the best terms upon, and the lowest interest at which the bonds can be sold, the board shall cause the bonds to be printed, with coupons if any attached, and shall have the bonds consecutively numbered and properly executed.
Section 18-12-129 – Signature on Bonds.
18-12-129. Signature on bonds. Bonds shall be signed by the chairman and the treasurer of the board and countersigned by the secretary of the board. Coupons, if any, shall be signed by the treasurer of the board. At least one (1) of the signatures or counter signatures on the bond shall be manually affixed. Other […]
Section 18-12-130 – How Bonds Mature.
18-12-130. How bonds mature. All bonds shall mature serially in substantially equal annual installments of principal, or upon an amortization plan for the bonds of the series, or upon an amortization plan for the proposed bonds and all outstanding bonds of the district, or in any other manner as the board may determine.
Section 18-12-121 – Contents of Resolution; Notice of Election.
18-12-121. Contents of resolution; notice of election. (a) The resolution shall: (i) State the purpose for which the bonds are proposed to be issued; (ii) State the estimated amount of money to be raised by the bond issue; (iii) State the principal amount of the bonds; (iv) State the maximum rate of interest on the […]