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 […]
Section 41-7-916 – Publication of Notice of Redemption.
41-7-916. Publication of notice of redemption. Notice designating the bonds called for redemption shall be published once a week for three (3) successive weeks in a newspaper of general circulation printed and published in the office county.
Section 41-7-907 – Designation of Revenue Releases District and Officers From Payment Otherwise.
41-7-907. Designation of revenue releases district and officers from payment otherwise. If any board of commissioners with the approval of the court provides that the principal or interest or both of any bonds or any portion of the principal or interest or both shall be payable solely from designated revenue, neither the district nor any […]
Section 41-7-908 – Allocation of Designated Revenue; Resolution.
41-7-908. Allocation of designated revenue; resolution. Any designated revenue may by resolution of the board of commissioners be allocated to the payment of the whole or any portion of the principal or interest or both of any bonds.
Section 41-7-909 – Allocation of Designated Revenue; for Bonds Payable From Revenue or Assessments.
41-7-909. Allocation of designated revenue; for bonds payable from revenue or assessments. (a) The allocation may be for either or both: (i) Payment of the whole or any part of the principal or interest or both of any bonds payable solely from revenue; (ii) As additional security for the payment of the whole or any […]
Section 41-7-910 – Allocation of Designated Revenue; Application.
41-7-910. Allocation of designated revenue; application. Until the payment or retirement of the bonds for the benefit of which an allocation was made, the revenue allocated shall be applied solely to the payment of the obligation specified in the allocating resolution.
Section 41-7-905 – Statement on Bonds and Coupons of Limitations Affecting Interest Payments.
41-7-905. Statement on bonds and coupons of limitations affecting interest payments. If the limitations affect the payment of the interest of the bonds or any part thereof, a brief statement of the limitations shall be set forth in the interest coupons representing the interest and also in the bonds to which the interest coupons are […]