11-97-8
Section 11-97-8 Powers of corporation; location of facilities of corporation. (a) Every corporation
shall have all of the powers necessary and convenient to carry out and effectuate the purposes
and provisions of this chapter, including (without limiting the generality of the foregoing)
the following powers: (1) To have succession in its corporate name for the duration of time
(which may be in perpetuity, subject to the provisions of Section 11-97-22 hereof) specified
in its certificate of incorporation; (2) To sue and be sued in its own name in civil suits
and actions and to defend suits against it; (3) To adopt and make use of a corporate seal
and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and
rules, not inconsistent with the provisions of this chapter, for the regulation and conduct
of its affairs and business; (5) To acquire, whether by gift, purchase, transfer, foreclosure,
lease, or otherwise, to construct and to expand, improve, operate,...
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11-58-9
Section 11-58-9 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued by a corporation organized under authority of this chapter shall be applied
only for the purpose for which the bonds were issued; provided, however, that any accrued
interest and premium received in any such sale shall be applied to the payment of the principal
of or the interest on the bonds sold; provided further, that if for any reason any portion
of such proceeds shall not be needed for the purpose for which the bonds were issued, then
such unneeded portion of said proceeds shall be applied to the payment of the principal of
or the interest on said bonds. (b) The cost of acquiring any medical clinic, which shall be
paid from the proceeds derived from the sale of bonds, shall be deemed to include the following:
(1) The actual cost of the construction of any part of a building which may be constructed,
including architect's and engineer's fees; (2) The purchase price of any...
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11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any bonds
shall be applied as provided in the proceedings in which the bonds are authorized to be issued,
including without limitation, the payment of all legal, fiscal, and recording fees and expenses
incurred in connection with the authorization, sale, and issuance of the bonds and, if so
provided in the proceedings authorizing their issuance, interest on said bonds (or if only
a part of any issue of bonds is issued for acquisition purposes, interest on that portion
of the bonds of that issue that is issued to pay acquisition costs) for a reasonable period
prior to and during the time required for the acquisition, construction, and equipping of
the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
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23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority shall pay
out of the proceeds from the sale of the obligations authorized by this article all expenses
that the board of directors may deem necessary and advantageous in connection with the sale
and issuance thereof. The proceeds from the issue of any obligations authorized by this article,
(i) except the proceeds of bonds which were issued to pay principal and interest of temporary
bonds or notes and in anticipation of which such temporary bonds or notes shall have been
issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding obligation,
remaining after paying the expenses of their sale and issuance, shall be deposited in the
State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn
by the authority, upon the approval of the State Department of Transportation and the Governor,
but only for the purpose of paying the federal share...
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11-22-12
Section 11-22-12 Temporary borrowing. The corporation may, in addition to the other powers
granted in this chapter, borrow money for temporary use for any of its corporate purposes
and in evidence of such borrowing issue from time to time revenue bonds or notes maturing
not later than 18 months from date of issuance. Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term bonds, and in such event the principal
proceeds from the sale of such long-term bonds shall, to the extent necessary, be used for
payment of the principal of and the interest on the temporary bonds or notes issued in anticipation
of the sale and issuance of such long-term bonds. Any such temporary borrowing may also be
made with respect to a project simultaneously with or after the sale and issuance of long-term
bonds issued with respect to such project if, under the terms of the proceedings under which
such long-term bonds are issued, the proceeds therefrom or any part thereof...
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11-54-91
Section 11-54-91 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) Any industrial development board organized under the provisions of
this division, as amended, may, in addition to the other powers granted in the other provisions
of this division, borrow money for temporary use for any of its corporate purposes and, in
evidence of such borrowing, issue from time to time revenue bonds or notes maturing not later
than 18 months from the date of issuance. (b) Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term revenue bonds; and, in such event, the
principal proceeds from the sale of such long-term revenue bonds shall, to the extent necessary,
be used for payment of the principal of and the interest on the temporary revenue bonds or
notes issued in anticipation of the sale and issuance of such long-term revenue bonds. (c)
Any such temporary borrowing may also be made with respect to a project...
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11-60-12
Section 11-60-12 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) The corporation may, in addition to the other powers granted in this
chapter, borrow money for temporary use for any of its corporate purposes and in evidence
of such borrowing issue from time to time revenue bonds or notes maturing not later than 18
months from the date of issuance. (b) Any such temporary borrowing may be made in anticipation
of the sale and issuance of long-term bonds, and in such event the principal proceeds from
the sale of such long-term bonds shall, to the extent necessary, be used for payment of the
principal of and the interest on the temporary bonds or notes issued in anticipation of the
sale and issuance of such long-term bonds. (c) Any such temporary borrowing may also be made
with respect to a project simultaneously with or after the sale and issuance of long-term
bonds issued with respect to such project if, under the terms of the...
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11-94-13
Section 11-94-13 Bonds of authority - Application of proceeds. The proceeds derived from the
sale of any bonds shall be applied as provided in the proceedings in which the bonds are authorized
to be issued, including without limitation, the payment of all legal, fiscal and recording
fees and expenses incurred in connection with the authorization, sale and issuance of the
bonds and if so provided in the proceedings authorizing their issuance, interest on said bonds
(or, if a part only of any issue of bonds is issued for acquisition purposes, interest on
that portion of the bonds of that issue that is issued to pay acquisition costs) for a reasonable
period prior to and during the time required for the acquisition, construction and equipping
of the project and for a period not exceeding 18 months after the completion thereof. An authority
may provide in the proceedings authorizing the issuance of bonds for the capitalization of
a debt service reserve and/or a replacement and extension...
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11-54-56
Section 11-54-56 Bonds - Disposition of proceeds from sale. (a) The proceeds derived from the
sale of any bonds issued under authority of this article, other than refunding bonds, shall
be used only to pay the cost of acquiring, constructing, improving, enlarging, equipping and
furnishing one or more projects as may be provided in the proceedings in which the bonds are
authorized to be issued. (b) Such cost shall be deemed to include the following: (1) The cost
of acquiring any land forming a part of the project; (2) The cost of the labor, materials
and supplies used in any such construction, improvement or enlargement, including architect's
and engineer's fees and the cost of preparing contract documents; (3) The purchase price of
and the cost of installing equipment, furniture and furnishings for the project; (4) The cost
of landscaping the lands forming a part of the project and of constructing and installing
roads, sidewalks, curbs, gutters, utilities and parking facilities in...
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11-57-16
Section 11-57-16 Bonds - Disposition of proceeds from sale. (a) The proceeds derived from the
sale of any bonds sold by the authority, other than refunding bonds, shall be used only to
pay the cost of acquiring, constructing, improving, enlarging and equipping one or more projects
as may be provided in the proceedings in which the bonds are authorized to be issued. (b)
Such cost, which shall be paid from the proceeds derived from the sale of bonds, shall be
deemed to include the following: (1) The cost of acquiring any land forming a part of the
project; (2) The cost of the labor, materials and supplies used in any such construction,
improvement or enlargement, including architect's and engineer's fees and the cost of preparing
contract documents and advertising for bids; (3) The purchase price of and the cost of installing
equipment for the project; (4) The cost of landscaping the lands forming a part of the project
and of constructing and installing roads, sidewalks, curbs, gutters,...
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