15-8-101. When authorized; conditions; signatures; sale; amount required. (a) If any city or town creates any indebtedness not in excess of the taxes for the current year to pay expenses incurred in repairing or restoring improvements made necessary by any casualty or accident happening after the annual appropriation is made, or if any judgment is […]
15-8-102. Register; contents; cancellation. (a) The bonds shall be registered by the city or town treasurer in a book kept for that purpose. The register shall show: (i) The date of issue; (ii) The number; (iii) The amount; (iv) To whom the bonds were issued; and (v) The date of redemption and payment. (b) The […]
15-8-103. Tax for interest and redemption. A tax shall be levied and collected annually on all the taxable property within the city or town sufficient to pay the interest on the bonds and redeem them as they become due. The tax shall be levied and collected the same as other taxes of the city or […]
15-8-104. Order of redemption. If serial bonds are issued the city or town shall redeem them as they become due. If redeemable bonds are issued the city or town, during the last half of the term the bonds have to run, shall redeem annually a portion of the principal equal to a sum produced by […]
15-8-105. Sale or exchange; consideration acceptable; proceeds; redemption notice. The bonds shall be sold for cash, or may be sold or exchanged for any other city or town indebtedness for the redemption of which they were issued, but no bonds may be sold or exchanged for less than their par value and the accrued interest […]
15-8-106. Ordinance required. The governing body of any city or town desiring to issue bonds pursuant to this chapter shall provide for them by ordinance.
