11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality under
authority of this article shall be limited obligations of the municipality the principal of
and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
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11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this article shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this article shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provision
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
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11-55-3
Section 11-55-3 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this chapter shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this chapter shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provisions
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
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16-13-109
Section 16-13-109 Investment of unused proceeds in government securities. If any county or
city board of education has issued and sold school warrants under the provisions of this article
for school building purposes and if the proceeds of such warrants cannot now be used for school
building construction due to priority regulations of the government of the United States,
such board shall have the authority to invest the proceeds of such warrant sale in securities
issued by the government of the United States of America having a fixed redemption value at
the option of the holder of not less than the amount originally invested. County and city
boards of education shall have the authority to use for debt service purposes any interest
received on securities issued by the United States government in which the proceeds of school
warrant sales are invested. When it becomes practicable for such boards of education to construct
the school buildings for which said school warrants were originally...
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11-54-145
Section 11-54-145 Requirements respecting leases. Prior to the leasing of any project, the
governing body must determine and find the following: The amount necessary in each year to
pay the principal of and the interest on the bonds proposed to be issued to finance such project;
the amount necessary to be paid each year into any reserve funds which the governing body
may deem it advisable to establish in connection with the retirement of the proposed bonds
and the maintenance of the project; and, unless the terms under which the project is to be
leased provide that the lessee shall maintain the project and carry all proper insurance with
respect thereto, the estimated cost of maintaining the project in good repair and keeping
it properly insured. The determinations and findings of the governing body required to be
made in the preceding sentence shall be set forth in the proceedings under which the proposed
bonds are to be issued; and prior to the issuance of such bonds, the...
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11-54-54
Section 11-54-54 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this article shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under the authority of this article shall never constitute
an indebtedness of the municipality within the meaning of any state constitutional provision
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal...
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11-54-23
Section 11-54-23 Requirements as to leasing of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and, (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued; and, prior to the issuance...
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11-54-53
Section 11-54-53 Requirements as to leasing of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is to be leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued and, prior to the...
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11-55-10
Section 11-55-10 Requirements as to leases of projects. (a) Prior to the leasing of any project,
the governing body must determine and find the following: (1) The amount necessary in each
year to pay the principal of and the interest on the bonds proposed to be issued to finance
such project; (2) The amount necessary to be paid each year into any reserve funds which the
governing body may deem it advisable to establish in connection with the retirement of the
proposed bonds and the maintenance of the project; and (3) The estimated cost of maintaining
the project in good repair and keeping it properly insured, unless the terms under which the
project is to be leased provide that the lessee shall maintain the project and carry all proper
insurance with respect thereto. (b) The determinations and findings of the governing body
required to be made by subsection (a) of this section shall be set forth in the proceedings
under which the proposed bonds are to be issued; and, prior to the...
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40-7-96
Section 40-7-96 Issuance of warrants deemed to constitute audit and allowance of claim. The
issuance of warrants and any interest coupons applicable thereto, pursuant to the provisions
of this division and in accordance with the authorization of the governing body of the county
issuing such warrants, shall be deemed to constitute an audit and allowance by such governing
body of a claim, in the aggregate principal amount of such warrants and interest coupons,
against the county and against any tax proceeds and any revenues or funds, or any thereof,
pledged for payment of such warrants pursuant to the provisions of this division. No proof
of registration or other audit or allowance of such claim shall be required, and such warrants
and interest coupons shall, from and after the date of their lawful issuance, be deemed to
be allowed claims against the county by which they were issued and against any tax proceeds,
revenues and funds, or any of them, so pledged thereof. (Acts 1973, No....
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