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Section 9-10-31 – Certificate of Incorporation – Contents; Execution.

Section 9-10-31 Certificate of incorporation – Contents; execution. (a) The certificate of incorporation of the corporation shall state: (1) The names of the persons forming the corporation together with the residence of each thereof and a statement that each of them is a duly qualified elector of and property owner in the county; (2) The […]

Section 9-10-32 – Certificate of Incorporation – Filing.

Section 9-10-32 Certificate of incorporation – Filing. The certificate of incorporation with the documents attached shall be filed with the judge of probate of the county and the Secretary of State, who shall forthwith receive and record the same. When such certificate is so filed the corporation referred to therein shall come into existence and […]

Section 9-10-33 – Board of Directors and Officers.

Section 9-10-33 Board of directors and officers. All powers of the corporation shall be exercised by the board of directors or pursuant to its authority. The directors shall be elected by the county commission for staggered terms of office as follows: two years, three years, four years, five years and six years. Thereafter the term […]

Section 9-10-34 – Powers and Duties Generally.

Section 9-10-34 Powers and duties generally. A corporation organized and established under the provisions of this article shall have the following powers, subject only to the limitations described in Section 9-10-35 following: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business; (2) To adopt an official seal and […]

Section 9-10-35 – Applications for Construction Permits; Duties of Commissioner of Conservation and Natural Resources as to Granting of Permits, etc.; Enforcement of Compliance With Terms and Conditions of Permits.

Section 9-10-35 Applications for construction permits; duties of Commissioner of Conservation and Natural Resources as to granting of permits, etc.; enforcement of compliance with terms and conditions of permits. (a) Before any construction work on any project may be undertaken by any corporation created under the terms of this article, said corporation shall apply to […]

Section 9-10-36 – Issuance of Bonds; Issuance of Notes and Renewal Notes; Redemption of Notes or Bonds; Liability on Notes or Bonds; Disposition of Proceeds From Sale of Bonds; Issuance of Interim Receipts, Etc.

Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of notes or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution for the issuance of bonds of the corporation for any of […]

Section 9-10-37 – Refunding Bonds.

Section 9-10-37 Refunding bonds. (a) The corporation may provide by resolution for the issuance of refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this article, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date […]

Section 9-10-38 – Security for Bonds.

Section 9-10-38 Security for bonds. (a) At the discretion of the corporation, any bonds issued under the provisions of this article may be secured by a trust agreement by and between the corporation and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without […]

Section 9-10-39 – Investment in Bonds by State, Banks, Insurance Companies, etc.; Deposit of Bonds, etc., With State or Municipal Officers or Agencies.

Section 9-10-39 Investment in bonds by state, banks, insurance companies, etc.; deposit of bonds, etc., with state or municipal officers or agencies. Bonds issued by the corporation under the provisions of this article are hereby made securities in which the state and all political subdivisions of this state, their officers, boards, commissions, departments or other […]

Section 9-10-41 – Bonds, etc., Exempt From Taxation.

Section 9-10-41 Bonds, etc., exempt from taxation. The exercise of the powers granted by this article will be in all respects for the benefit of the people of the state for the purpose of conserving natural resources, for the increase of commerce and prosperity and for the improvement of health and living conditions. Since the […]

Section 9-10-43 – Contracts for Construction Work.

Section 9-10-43 Contracts for construction work. Before construction is started on any project, the corporation shall advertise for sealed bids once each week for three consecutive weeks in a newspaper of general circulation in the county in which the project or undertaking is to be located. The corporation may also advertise in such other publications […]

Section 9-10-47 – Construction of Terms Where Another State Agency Charged With Responsibility of Department of Conservation and Natural Resources.

Section 9-10-47 Construction of terms where another state agency charged with responsibility of Department of Conservation and Natural Resources. In the event that a state agency other than the state Department of Conservation and Natural Resources may hereafter be charged with such responsibility as is in this article charged to the state Department of Conservation […]