11-50-316
Section 11-50-316 Execution, sale, etc., of bonds and refunding bonds of corporation; terms,
denominations, etc., thereof; charge, application, etc., of revenues from systems for payment
of bonds, etc., generally; vesting of title to systems in municipality and dissolution of
corporation upon payment of bonds in full, etc. (a) All bonds issued by any such corporation
organized or the certificate of incorporation of which is amended under this article shall
be signed by the chairman of the board of directors or other chief executive officer and attested
by its secretary, and the seal of such corporation shall be affixed thereto; provided that,
if authorized by the board of directors of such corporation, said bonds may be executed with
an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature or seal
in lieu of a manually made signature or manually made impressment of the seal; provided further,
that at least one signature required or permitted to be placed...
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16-25-20
Section 16-25-20 Management of funds. (a) (1) The Board of Control shall be the trustees of
the several funds of the Teachers' Retirement System created by this chapter as provided in
Section 16-25-21, and shall have full power to invest and reinvest the funds, through its
Secretary-Treasurer, in the classes of bonds, mortgages, common and preferred stocks, shares
of investment companies or mutual funds, or other investments as the Board of Control may
approve, with the care, skill, prudence, and diligence under the circumstances then prevailing
that a prudent man acting in a like capacity and familiar with the matters would use in the
conduct of an enterprise of a like character and with like aims; and, subject to like terms,
conditions, limitations, and restrictions, the Board of Control, through its Secretary-Treasurer,
shall have full power to hold, purchase, sell, assign, transfer, and dispose of any investments
in which the funds created herein shall have been invested, as well...
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36-27-12.1
Section 36-27-12.1 Transfer of service credits, etc., from Judicial Retirement Fund. (a) Any
member of the Employees' or Teachers' Retirement System, who, not more than one year prior
to becoming a member of the Employees' or Teachers' Retirement System, was a member of the
Judicial Retirement Fund, may elect to transfer to the Employees' or Teachers' Retirement
System, his or her creditable service and accumulated contributions, including the contributions
of the employer, in the Judicial Retirement Fund, as provided in this section. (b) Any member
desiring to transfer the creditable service and contributions shall, after becoming a member
of the Employees' or Teachers' Retirement System, notify the Board of Control of the system,
of his or her election to transfer the creditable service and, shall authorize transfer of
the amount of his or her accumulated contributions to his or her credit in the Judicial Retirement
Fund to his or her account in the Employees' or Teachers' Retirement...
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39-7-21
Section 39-7-21 Obligations of contracts of municipality not to be impaired; payment of notes,
bonds or other obligations issued by municipality; assumption of municipal contracts as to
plant or system by authority. The obligations of contracts of the municipality shall not be
impaired by this chapter. Moneys to provide for the payment of notes, bonds or other obligations
issued by the municipality in relation to any plant or system, the management, supervision,
possession and control of which shall devolve upon such authority, shall be raised, collected
and paid for by such municipality as though this chapter had not been enacted; except, that
in the event such notes, bonds or other obligations constitute a charge, lien or other encumbrance
upon the revenue of such plant or system, the duty to raise, collect and apply such revenues
to the payment of such notes, bonds or other obligations shall rest upon such authority rather
than upon the municipality and such notes, bonds or other...
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16-11-8
Section 16-11-8 Indebtedness where county unit system adopted. Whenever the control and administration
of education matters affecting a municipality having a city board of education is transferred
to or for any reason becomes vested in the county board of education, the existing indebtedness
created prior to such transfer and the rights to collect the same shall in nowise be impaired.
(School Code 1927, §190; Code 1940, T. 52, §150.)...
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11-47-226
Section 11-47-226 Loans, donations, performance of services, etc., by county, municipality,
or other political subdivision, etc., to achieve objectives of article; funding agreements;
amount of indebtedness under funding agreements. (a) For the purpose of attaining the objectives
of this article, any county, municipality, or other political subdivision, or public corporation,
agency, or instrumentality of the state, a county, or municipality, may, upon such terms and
with or without consideration, as it may determine, do any or all of the following: (1) Lend
or donate money to an authority or perform services for the benefit thereof. (2) Donate, sell,
convey, transfer, lease, or grant to an authority, without the necessity of authorization
at any election of qualified voters, any property of any kind. (3) Do any and all things,
whether or not specifically authorized in this section, not otherwise prohibited by law, which
are necessary or convenient to aid and cooperate with an...
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11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation generally;
terms, denominations, etc., thereof; charge, application, etc., of revenues from systems to
payment of bonds, etc., generally; vesting of title to systems in municipality and dissolution
of corporation upon payment of bonds in full. (a) All bonds issued by any corporation organized
under this division shall be signed by the chairman of its board of directors or other chief
executive officer and attested by its secretary, and the seal of such corporation shall be
affixed thereto. Any interest coupons applicable to the bonds of such corporation shall be
signed by the chairman of the board of directors or other chief executive officer, but a facsimile
of such signature may be impressed on any such interest coupon in lieu of his manually signing
the same. Any such bonds may be executed and delivered by such corporation at any time and
from time to time, shall be in such form and denominations...
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11-50-16
Section 11-50-16 Employment of mayor or president of board of commissioners of certain municipalities
as superintendent of light, water, sewer or gas systems, etc.; duties and compensation; validation
of prior employment, etc. (a) In all incorporated municipalities organized and operating under
the provisions of Articles 1, 2, and 3 of Chapter 44, of this title, which own and operate
a municipal light and power system, a municipal water system, a municipal sewage system, or
a municipal gas system or any of them, the board of commissioners may, by resolution duly
entered in its minutes, authorize the mayor or president of the board of commissioners to
act as superintendent of such system or systems and to give as much of his time thereof as
the commissioners may direct; provided, that in any such municipality in which a municipal
board or municipal public corporation owns or operates a municipal light and power system,
a municipal water system, a municipal sewage system, or a municipal...
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11-50-170
Section 11-50-170 Authorized; terms; adoption of resolutions authorizing transfer. (a) Every
public corporation heretofore or hereafter organized or created in this state pursuant to
authorization or determination by a municipality or its governing body, which public corporation
now or hereafter owns a water system or systems, and any municipality in this state in which
any part of such water system or systems is situated are each hereby authorized, without the
necessity of an election of qualified voters of any such municipality or of any other approval
or proceeding other than those specifically prescribed in this article, to transfer and convey
such system or systems and all right, title, and interest therein, including, without limitation,
all reversionary, residuary, or remainder rights provided by law to any other public corporation,
the certificate of incorporation of which was filed in the office of the probate judge of
the same county in which was filed the certificate of...
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11-59-13
Section 11-59-13 Powers of corporations as to conveyances, etc., of title to facilities. Nothing
contained in this chapter shall be construed to authorize the corporation to lease, sell,
or transfer any of its facilities so as to vest title thereto or the use thereof in private
ownership or control; provided, that any of its facilities may be made subject to a mortgage
or deed of trust as security for its bonds issued pursuant to the provisions of this chapter;
provided further, that any portions of such facilities which may become worn out or obsolete
or shall not be needed for use in the operations of the corporation may be sold or otherwise
disposed of as the board of directors of the corporation may deem advisable. (Acts 1947, No.
231, p. 94, §17.)...
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