Section 41-10-134 – Date of Bonds; Maturity; Payment and Rate of Interest; When and Where Payable; Privileges for Registration; Prerequisite to Reissuance Upon Loss.
41-10-134. Date of bonds; maturity; payment and rate of interest; when and where payable; privileges for registration; prerequisite to reissuance upon loss. General obligation bonds, revenue bonds or special assessment bonds herein authorized to be issued shall bear a date or dates, shall mature in a denomination or denominations at the time or times not […]
Section 41-10-135 – Execution of Bonds; Signature by Chairman of Board to Appear on Bonds and Coupons Attached; Legal Effect of Signature.
41-10-135. Execution of bonds; signature by chairman of board to appear on bonds and coupons attached; legal effect of signature. Any such general obligation bonds, revenue bonds or special assessment bonds shall be executed in the name of and on behalf of the district and signed by the chairman of the board with the seal […]
Section 41-10-136 – Sale of Bonds at Public or Private Sale; Price; Delivery of Bonds to and Acceptance by Contractors in Payment of Contract Price; Interest Rate on Special Assessment Bonds.
41-10-136. Sale of bonds at public or private sale; price; delivery of bonds to and acceptance by contractors in payment of contract price; interest rate on special assessment bonds. General obligation bonds, revenue bonds or special assessment bonds shall be sold at public or private sale for not less than the principal amount thereof and […]
Section 41-10-137 – Moneys Received From Issuance of Bonds to Be Used Solely for Purpose for Which Issued; Disposition of Unexpended Balance; Validity of Bonds Not Dependent Upon Validity of Proceedings Relating to Project.
41-10-137. Moneys received from issuance of bonds to be used solely for purpose for which issued; disposition of unexpended balance; validity of bonds not dependent upon validity of proceedings relating to project. All monies received from the issuance of any bonds herein authorized shall be used solely for the purpose (or purposes) for which issued, […]
Section 41-10-138 – Covenants in Resolution Authorizing Issuance of Bonds.
41-10-138. Covenants in resolution authorizing issuance of bonds. (a) Any resolution authorizing the issuance of bonds under this act may contain covenants (notwithstanding such covenants may limit the exercise of powers conferred by this act) as to any one (1) or more of the following: (i) The tolls, fees, rates, rentals, charges, special assessments, and […]
Section 41-10-139 – Rights and Powers of Holders of Bonds.
41-10-139. Rights and powers of holders of bonds. (a) Subject to any contractual limitations binding upon the holders of any issue or series of bonds, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, any holder of bonds, […]
Section 41-10-131 – Principal and Interest to Be Paid Solely From Net Revenues; Pledging Surplus and Unpledged Revenues as Additional Security; Bonds Not Issued Payable From Revenues or Special Assessments to Be General Obligations of District.
41-10-131. Principal and interest to be paid solely from net revenues; pledging surplus and unpledged revenues as additional security; bonds not issued payable from revenues or special assessments to be general obligations of district. The principal of and interest on revenue bonds herein authorized to be issued, and any prior redemption premium or premiums, shall […]
Section 41-10-132 – Bonds Not to Be Debt of District; Exception as to General Obligation Bonds; Bonds to Recite That Principal and Interest Payable Solely From Revenues.
41-10-132. Bonds not to be debt of district; exception as to general obligation bonds; bonds to recite that principal and interest payable solely from revenues. Except for general obligation bonds, bonds issued pursuant to this act shall not be a debt of the district, and the district shall not be liable thereon, nor shall it […]
Section 41-10-125 – Borrowing Money Without Election in Anticipation of Collection of Taxes; Issuance of Short-Term Notes.
41-10-125. Borrowing money without election in anticipation of collection of taxes; issuance of short-term notes. A district, upon the affirmative vote of four (4) directors, is hereby authorized to borrow money without an election in anticipation of the collection of taxes or other revenues and to issue short-term notes to evidence the amount so borrowed. […]
Section 41-10-126 – Resolution and Election Prerequisite to Issuance of General Obligation Bonds.
41-10-126. Resolution and election prerequisite to issuance of general obligation bonds. No bonds or other evidences of indebtedness payable in whole or in part from the proceeds of general (ad valorem) property taxes or to which the full faith and credit of a district are pledged, shall be issued, except in pursuance of a resolution, […]