48-1811. Financial powers of district; limitation; definition A. A district may finance any acquisition or expenditure authorized by this chapter with revenue bonds. A district may not finance with revenue bonds the acquisition by eminent domain of an existing electrical works or electrical facility of a municipality or public service corporation. B. In this article […]
48-1812. Revenue bonds A. The district may borrow money and issue its revenue bonds for any lawful district purpose. The board of directors shall determine the maximum amount of bonds, the maximum rate of interest and the time of payment of the bonds or any series of bonds. An election or referendum is not required […]
48-1813. Terms, conditions and forms of bonds A. A bond may be issued in one or more series, bear a date or dates, mature at a time or times, be in a denomination or denominations, be in a form, carry a registration, exchangeability and interchangeability privileges, be executed in a manner, be payable in a […]
48-1814. Resolution and trust agreements; adoption The board may provide that any series of bonds may be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents, which may be any trust company or bank having the powers of a trust company in this state. A […]
48-1815. Bond agreements; covenants A. Any resolution, contract, indenture or trust agreement pertaining to the bonds may contain covenants and contractual arrangements as to the following: 1. The purpose to which the proceeds of the sale of the bonds may be applied and the use and disposition. 2. The segregation of any or all revenues […]
48-1816. Sale of bonds A bond shall be sold at a public or private sale as determined by the board of directors.
48-1817. Refunding bonds Refunding bonds may be issued to refund any outstanding bonds issued pursuant to this article. These bonds shall be designated as refunding bonds and shall be secured by all or part of the revenues of the district or all or any part of revenues pledged to the bonds that have been refunded.
48-1818. Purchase of bonds by the district The district may purchase any of its bonds authorized to be issued in this article out of any monies available for that purpose.
48-1819. Validity of bonds; nonliability of officers and directors A. A bond that is issued and that bears the signature of officers in office on the date the bond is signed is a valid and binding obligation, notwithstanding that before delivery of the bond any or all of the persons whose signatures appear on the […]
48-1820. Bonds as legal investments Notwithstanding any law to the contrary, all bonds and refunding bonds constitute legal investments for savings banks, banks, savings and loan associations, trust companies, executors, administrators, trustees, guardians and other fiduciaries and for any board, body, agency or instrumentality of this state or of any political subdivision of this state […]
48-1821. Federal income tax considerations The district may make any covenant, order any rebate, file any tax return, report any information and order the limitation on the yield of any investment made with the proceeds from the sale of its bonds or with taxes, revenues or other income pledged, held in trust or otherwise used […]
48-1822. Application of bond proceeds The district may apply the proceeds from the sale of any of its bonds to further any of its lawful purposes including to pay all costs and estimated costs of the issuance of the bonds, of feasibility studies, of all engineering, inspection, fiscal and legal expenses and of the cost […]
48-4911. Authority to issue revenue bonds If the district finds other financing methods or procedures inadvisable, inadequate or insufficient to acquire or construct projects, works or facilities, it may independently or in conjunction with any other optional or alternative plans provided in this chapter issue revenue bonds as provided by this article.
48-4912. Prerequisites to issuance No revenue bonds may be issued until provision is made by contracts pursuant to this chapter adequate in the judgment of the board to ensure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility […]
48-4913. Scope of resolution A. Resolutions for a bond issue or issues under this article shall state the amount of the proposed issue or issues, the proposed interest rate and types and terms of bonds, that all other methods of necessary financing by the district have been found impractical, inadvisable or inadequate and that the […]
48-4914. Hearing; findings A. The chairman of the board, at the earliest practical date, shall fix a time and place for a hearing not less than twenty nor more than thirty days after adopting the resolution. Notice of the time and place fixed for the hearing shall be published twice in a newspaper of general […]
48-4915. Issuance of revenue bonds Revenue bonds issued under this article shall be authorized by resolution of the district and may be issued in one or more series, shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations and in […]
48-4916. Provisions of revenue bonds; sale A. Revenue bonds issued under this article shall provide that: 1. The bond is purchased and taken after a complete disclosure of and with a full knowledge of all of the surrounding relevant facts and circumstances and not on the representation, faith or credit of the district, this state […]
48-4917. Certification of bonds by attorney general The board may submit any bonds issued under this article to the attorney general after all proceedings for their authorization have been completed. On submission the attorney general shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply […]
48-4918. Validity of bonds This chapter constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to the authorization or issuance of obligations or which in any way impedes or restricts the carrying out of the acts authorized by this article may be […]
