Section 36-8-233 – Bonds and Expenses Not to Be Indebtedness of State or Political Subdivisions.
36-8-233. Bonds and expenses not to be indebtedness of state or political subdivisions. (a) The bonds issued under the provisions of this act shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such […]
Section 36-8-234 – Bonds Deemed Legal Investments and Deposits.
36-8-234. Bonds deemed legal investments and deposits. Bonds issued by the commission under the provisions of this act are hereby made securities in which the state and all public officers, municipal corporations, political subdivisions and public bodies, all banks, bankers, trust companies, trust and loan associations, investment companies and others carrying on a banking business, […]
Section 36-8-235 – Pledge by State to Bondholders.
36-8-235. Pledge by state to bondholders. The state of Wyoming does pledge to and agrees with the holders of the bonds issued pursuant to this act that the state will not limit or alter the rights herein vested in the commission to acquire, lease, license, construct, improve, extend, reconstruct, maintain, repair and operate the project, […]
Section 36-8-236 – Moneys Deemed Trust Funds.
36-8-236. Moneys deemed trust funds. All moneys received pursuant to the authority of this act, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds, to be held and applied solely as provided in this act. The resolution authorizing the bonds of any issue or the trust […]
Section 36-8-237 – Statutory Authority for Issuance of Bonds and Fixing of Charges.
36-8-237. Statutory authority for issuance of bonds and fixing of charges. (a) This act without reference to other statutes of the state of Wyoming shall constitute full authority for the authorization and issuance of bonds hereunder, and no other act or law with regard to the authorization or issuance of bonds or other obligations or […]
Section 36-8-238 – Existing Statutory Powers.
36-8-238. Existing statutory powers. The foregoing sections of this act shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any power now existing […]
Section 36-8-230 – Authority to Issue; Terms.
36-8-230. Authority to issue; terms. (a) The commission shall be empowered and is hereby authorized from time to time to issue its negotiable bonds for any of its public purposes, including the payment of the cost of the project and incidental expenses in connection therewith, and to secure the payment of the same by a […]
Section 36-8-231 – Trust Agreements Generally.
36-8-231. Trust agreements generally. In the discretion of the commission any bonds issued under the provisions of this act may be secured by a trust agreement by and between the commission and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. […]
Section 36-8-232 – Rights of Bondholders and Trustees.
36-8-232. Rights of bondholders and trustees. Any holder of bonds issued under the provisions of this act or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement or the resolution authorizing the issuance of such bonds, […]
Section 36-8-205 – General Powers.
36-8-205. General powers. (a) The commission is hereby authorized and empowered: (i) To adopt bylaws for the regulation of its affairs and the conduct of its business; (ii) To adopt an official seal and alter the same at pleasure; (iii) To maintain a principal office and suboffice at such place or places within the state […]