Section 21-13-708 – Terms of Bonds; Negotiability.
21-13-708. Terms of bonds; negotiability. Bonds issued by school districts pursuant to the provisions of this article shall bear interest payable annually or semiannually, and evidenced by one (1) or two (2) sets of coupons, if any, except that the first coupon may evidence interest for a period not in excess of one (1) year, […]
Section 21-13-709 – How Bonds to Mature.
21-13-709. How bonds to mature. The various annual maturities shall commence not later than the third year after the date of the bonds. All bonds shall mature serially, at the option of the board of trustees, in substantially equal annual installments of principal, or upon an amortization plan for the bonds of said series, or […]
Section 21-13-710 – Sale to Be Conducted by Board of Trustees; Disposition of Proceeds.
21-13-710. Sale to be conducted by board of trustees; disposition of proceeds. The sale of the bonds shall be conducted by the school district board of trustees. Proceeds from the sale of the bonds shall be paid to the school district treasurer for deposit in the school district treasury.
Section 21-13-711 – Price of Bonds; Bids.
21-13-711. Price of bonds; bids. The bonds may be sold at, above or below the par value thereof as determined by the board of trustees, but the bonds shall be sold at a price such that the net effective interest rate for the issue of bonds does not exceed the maximum net effective interest rate […]
Section 21-13-707 – Record of Bonds Sold and Delivered.
21-13-707. Record of bonds sold and delivered. A record of any bonds sold and delivered by the district shall be kept by the county treasurer in a public book provided for that purpose, and therein shall be stated the number, date, amount, time and place of payment, rate of interest, number of coupons attached, if […]
Section 21-13-702 – Construction of School Building on Leased Land; State and Its Agencies Authorized to Enter Into Leases.
21-13-702. Construction of school building on leased land; state and its agencies authorized to enter into leases. A school building may be constructed on leased land provided that the lease shall be for a term of years not less than the economic life of the building as determined by the board. The state of Wyoming […]
Section 21-13-703 – Limits on Indebtedness.
21-13-703. Limits on indebtedness. Each school district actually and physically operating within its boundaries a school shall have a limit on outstanding indebtedness of ten percent (10%) of the assessed value of the taxable property therein. Nothing in this section shall be construed as permitting any combination of school districts embracing common territory to incur […]
Section 21-13-704 – Sale of Bonds Generally.
21-13-704. Sale of bonds generally. If a proposed issue of bonds has been approved in the election and issuance thereof has been authorized by the school district board of trustees as provided by this article, the bonds shall thereafter at one (1) time or from time to time be sold at public or private sale. […]
Section 21-13-705 – Printing and Numbering of Bonds.
21-13-705. Printing and numbering of bonds. After ascertaining the best terms upon, and the lowest interest at which said bonds can be sold, the board of trustees shall cause said bonds to be suitably printed or lithographed, with coupons, if any, attached, and thereafter shall have said bonds consecutively numbered and otherwise properly prepared and […]
Section 21-13-706 – Execution, Form and Contents of Bonds.
21-13-706. Execution, form and contents of bonds. (a) Said bonds shall be signed by the chairman of the board of trustees and countersigned by the county treasurer. The coupons, if any, shall be signed by the county treasurer. The clerk of the board shall endorse a certificate upon every bond, that the same is issued […]