Section 41-7-933 – Publication of Cancellation Resolution and Notice of Time for Consideration.
41-7-933. Publication of cancellation resolution and notice of time for consideration. The resolution together with a notice stating that the time fixed by the board of commissioners for the consideration of the resolution shall be published once a week for at least two (2) successive weeks in a newspaper published in the office county.
Section 41-7-934 – No Bonds Issued After Cancellation Resolution Adopted.
41-7-934. No bonds issued after cancellation resolution adopted. After the adoption of a resolution to cancel bonds no other bonds shall be issued in pursuance of the proceedings taken in relation to the issuance of the bonds so canceled.
Section 41-7-935 – Destruction of Canceled Bonds and Coupons.
41-7-935. Destruction of canceled bonds and coupons. Any bonds and coupons so canceled shall be destroyed under the direction of the board of commissioners.
Section 41-7-932 – Fixing Time for Consideration of Resolution of Cancellation.
41-7-932. Fixing time for consideration of resolution of cancellation. Whenever a resolution to cancel bonds is offered, its consideration shall be postponed to a date fixed by the board of commissioners which is subsequent to final publication of the resolution.
Section 41-7-926 – Readvertisement or Private Sale.
41-7-926. Readvertisement or private sale. In case no award is made, the board of commissioners thereafter may either readvertise the bonds or any part of them for sale or sell them at private sale.
Section 41-7-927 – Approval of Private Sale Required.
41-7-927. Approval of private sale required. No sale of bonds at private sale shall be valid unless approved by the court, or public service commission.
Section 41-7-928 – Exchange of Construction Bonds for Property or Stock.
41-7-928. Exchange of construction bonds for property or stock. A district may exchange its construction bonds for any property or interest in property which the district might acquire with the proceeds of the bonds, if sold, or for the capital stock of any corporation owning the property, upon terms the board of commissioners deem best.
Section 41-7-929 – Refunding Bonds Sold or Exchanged for Bonds or Warrants.
41-7-929. Refunding bonds sold or exchanged for bonds or warrants. (a) Any refunding bonds may be either: (i) Sold from time to time in the same manner as other bonds of the district; or (ii) Exchanged for other bonds or warrants of the district upon terms approved by the court.
Section 41-7-930 – Immediate Cancellation of Refunded or Exchanged Bonds.
41-7-930. Immediate cancellation of refunded or exchanged bonds. Any outstanding bonds refunded or exchanged shall be immediately canceled by the treasurer.
Section 41-7-931 – Cancellation of Unissued Bonds; Resolution of Board.
41-7-931. Cancellation of unissued bonds; resolution of board. Whenever the whole or any portion of any issue of bonds of any district remains unissued for more than one (1) year after the date of the election at which the bonds were authorized, the board of commissioners, by a resolution adopted by a two-thirds vote of […]