Section 41-7-922 – Contents of Notice of Sale.
41-7-922. Contents of notice of sale. The notice shall state that sealed proposals will be received by the board of commissioners at the district office for the purchase of bonds until the day and hour specified in the resolution.
Section 41-7-923 – Sale Made to Highest Responsible Bidder.
41-7-923. Sale made to highest responsible bidder. At the time specified the board of commissioners shall open the proposals and award the purchase of the bonds or any portion of them to the highest responsible bidder or bidders.
Section 41-7-917 – Publication of Notice of Redemption; Time for Publication.
41-7-917. Publication of notice of redemption; time for publication. The first publication of the redemption notice shall be not less than thirty (30) days nor more than ninety (90) days prior to the date fixed for redemption.
Section 41-7-918 – Interest Ceases on Redemption Date.
41-7-918. Interest ceases on redemption date. If on the date fixed for redemption the district has provided funds available for the payment of the principal and interest of the bonds called, interest on them ceases.
Section 41-7-919 – When Bonds May Be Sold.
41-7-919. When bonds may be sold. A district may sell any bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purpose for which they were authorized.
Section 41-7-911 – Allocation of Designated Revenue; Bonds Benefited by Allocation.
41-7-911. Allocation of designated revenue; bonds benefited by allocation. An allocation may be made for the exclusive benefit of any one (1) or more issues or portions of issues of bonds of a district designated in the allocating resolutions or in the discretion of its board for the benefit of any bonds of the district […]
Section 41-7-912 – Allocation of Designated Revenue; Irrevocability.
41-7-912. Allocation of designated revenue; irrevocability. Any allocation shall be irrevocable until all of the bonds for which the allocation was made and their appurtenant coupons have been paid or retired.
Section 41-7-913 – Allocation of Revenue to Reserve Fund.
41-7-913. Allocation of revenue to reserve fund. Any sources of revenue of any district may by order of its board of commissioners with the approval of the court be irrevocably allocated to a reserve fund established to pay the interest or principal of any bonds.
Section 41-7-914 – Bonds May Be Made Redeemable Before Maturity.
41-7-914. Bonds may be made redeemable before maturity. With the approval of the court a district may by resolution of its board of commissioners adopted at or prior to the time of issuing any bonds then proposed to be issued, provide for the call and redemption prior to their fixed maturity of any of the […]
Section 41-7-915 – Manner of Redeeming.
41-7-915. Manner of redeeming. (a) Callable bonds may be redeemed in addition to other methods permitted in the following manner: (i) In numerical order or by lot as prescribed in the resolution; (ii) On any interest payment date prior to their affixed maturity; (iii) At not exceeding their par value and accrued interest or on […]