9-10A-15
Section 9-10A-15 Issuance of bonds. Bonds authorized by Section 9-10A-14 shall not be issued
until proposed by order or resolution of the board of directors of the watershed management
authority specifying the purpose for which the funds are to be used and the proposed undertaking,
the amount of bonds to be issued and the rate of interest they are to bear and are approved
by the Director of the state Department of Finance. An authority, with such approval, shall
have power and is authorized from time to time to issue its negotiable bonds. Said bonds may
be issued in one or more series, may bear such date or dates, mature at such time or times
not exceeding 40 years from their respective dates, bear interest at such rate or rates, payable
in such manner, be in such denominations, be in such form, either coupon or registered, be
executed in such manner, be payable in such medium of payment, at such place or places and
be subject to such terms of redemption, with or without premium, be...
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9-9-39
Section 9-9-39 Bonds - Payment of principal and interest. The principal and interest of bonds
issued under this article shall be payable at such place or places as the board of commissioners
may designate. At least two weeks before the principal and interest of any bonds are due and
payable, it shall be the duty of the treasurer of the water management district to forward
to the place of payment named in such bonds an amount sufficient to meet the principal and
interest thereon coming due together with the customary fee of such paying back, not to exceed
one fourth of one percent. It shall be the duty of the board of water management commissioners
in making the annual tax levy as provided in this article to take into account the maturing
bonds and interest on all bonds and to make ample provisions in advance for the payment thereof.
In case the proceeds of the original tax levy made under the provisions of this article are
not sufficient to pay the principal and interest of all the...
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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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11-81-173
Section 11-81-173 Issuance of additional bonds; payment of same. (a) Any borrower acquiring,
improving, enlarging, extending or repairing any such system or combined system pursuant to
the provisions of this article, may, in the event that the proceeds of any issue of revenue
bonds by error of calculation or otherwise shall be less than the amount required for the
purpose or purposes for which the same shall be authorized, issue additional bonds under the
provisions of this article to provide the amount of such deficit or, in the event that later
extensions and permanent improvements to such system or combined system appear to be desirable,
issue from time to time additional bonds under the provisions of this article to provide funds
for such purposes. (b) If such additional bonds are issued for the purpose of providing funds
necessary to supply any such deficit, they shall, unless otherwise provided in the ordinance
authorizing the original issue of bonds or in any trust indenture...
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2-6-117
Section 2-6-117 Disposition of refunding bond proceeds. (a) The proceeds of refunding bonds
shall be applied, together with any other moneys legally available, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded. The expenses authorized
by this article shall include, in addition to other expenses authorized by this article, all
expenses that the board of directors may deem necessary or advantageous in connection with
the sale and issuance of refunding bonds, including, without limitation, the expenses of selling
and issuing such refunding bonds, including any discount reflected in the purchase price paid
to the corporation, fees and disbursements of attorneys, accountants, fiscal agents, financial
advisors, and other consultants, fees and disbursements of trustees, escrow agents, registrars,
paying agents, transfer agents, depositories for...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and Bridge
Fund. (a) The bonds of the corporation shall be signed by its president and attested by its
secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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41-29-505
Section 41-29-505 Deposit and investment of and disbursements from bond proceeds. (a) The proceeds
of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses
of their issuance, shall be deposited in the state treasury and shall be carried in the state
treasury in a special or separate account or accounts. Such funds shall be subject to be drawn
upon by the authority, but any funds so withdrawn shall be used solely for the purposes for
which the bonds were issued as authorized in this article. (b) The state treasurer, with the
approval of the secretary of the authority, shall invest funds not needed by the authority
within the ensuing thirty days for any purpose for which they are held, which investments
shall be made in the manner authorized and provided for in Section 36-17-18. The state treasurer
and the authority may apply so much as may be necessary from the earnings on said investments
toward satisfaction of the arbitrage rebate requirements...
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11-50-240
Section 11-50-240 Issuance of revenue bonds for improvement and extension of waterworks plants
and pledge of revenues from gas systems for payment thereof. Any waterworks board organized
under the provisions of this division which has acquired or may hereafter acquire a gas plant
or system pursuant to the provisions of Division 2 of this article may, in addition to the
powers granted it by said provisions, issue revenue bonds for the purpose of acquiring or
constructing improvements and extensions to its waterworks plant and system and may pledge
for payment of such revenue bonds not only revenues from such waterworks plant and system
but also any available revenues from its gas plant and system. In order so to issue revenue
bonds payable from the revenues of both its waterworks plant and system and its gas plant
and system, it shall not be necessary for such waterworks board to combine such systems or
to provide for their operation, maintenance, and repair as one combined and...
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11-50-354
Section 11-50-354 Exemption from taxation of systems, revenue bonds, etc. As proper water and
sewer facilities are essential for the health of the inhabitants of the city, and as the exercise
of the powers conferred by this article to effect these purposes constitute the performance
of essential governmental functions, and as these water systems and sewer systems constitute
public property and are used for public purposes, the board shall not be required to pay any
taxes or assessments upon any system or any part thereof, whether located within or without
the corporate limits of the city. Each water system shall also be exempt from all sales and
use taxes and gross receipts taxes levied by the state and any political subdivision thereof
with respect to the purchase, sale, use, or consumption of property provided, nothing contained
herein shall be construed to exempt each corporation from collecting and remitting the utility
gross receipts tax levied in Section 40-21-80. Any revenue...
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11-89-8
Section 11-89-8 Bonds of district - Form, terms, denominations, etc.; sale; execution and delivery;
refunding; liability thereon; security for payment of principal and interest and payment thereof
generally; provisions in mortgages, deeds of trust or trust indentures executed as security
for payment of bonds generally. All bonds issued by the district shall be signed by the chairman
of its board or other chief executive officer and attested by its secretary and the seal of
the district shall be affixed thereto, and any interest coupons applicable to the bonds of
the district shall be signed by the chairman of its board or other chief executive officer;
provided, that a facsimile of the signature of one, but not both, of said officers may be
printed or otherwise reproduced on any such bonds in lieu of his manually signing the same,
a facsimile of the seal of the district may be printed or otherwise reproduced on any such
bonds in lieu of being manually affixed thereto and a facsimile of...
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