11-81-16
Section 11-81-16 Pledge of revenues from certain taxes, utilities, etc., for payment of principal
and interest on bonds. In any case in which a county or municipality may hereafter issue any
bonds which are general obligations of such county or municipality, there may be pledged to
the payment of the principal of an interest on such bonds all or any part or portion of funds
which may be derived from any one or more of the following sources and which shall not be
required for the purpose of making good any valid pledge thereof theretofore made or which
are not required by the Constitution to be devoted to other purposes and which such county
or municipality may at any time be authorized to levy, collect or receive: (1) The proceeds
of any property tax; (2) The proceeds of any license, privilege or occupational tax, excepting
such license taxes as may be levied by municipalities for conducting business outside their
corporate limits; (3) The portion of any license, privilege or...
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14-2-22
Section 14-2-22 Bonds - Enforcement upon default. If there be any default by the authority
in the payment of the principal of or interest on the bonds or in any of the agreements on
the part of the authority which may properly be included in any resolution or indenture of
trust securing such bonds, any holder of any of the bonds or the trustee for the bondholders
under any resolution or indenture of trust, if so authorized therein, may, by an action, mandamus
or other proceedings, enforce payment of such items and foreclosure upon any mortgage or security
interest granted as security for such bonds and compel performance of all duties of the directors
and officers of the authority and shall be entitled, as a matter of right and regardless of
the sufficiency of any such security or the availability of any other remedy, to the appointment
of a receiver with all the power of such receiver for the maintenance, insurance and leasing
of the facilities and property covered by such resolution...
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41-10-319
Section 41-10-319 Rights of holders of bonds upon default. If there be any default by the authority
in the payment of the principal of or interest on the bonds or in any of the agreements on
the part of the authority which may properly be included in any resolution or indenture of
trust securing such bonds, any holder of any of the bonds or the trustee for the bondholders
under any resolution or indenture of trust, if so authorized therein, may, by an action, mandamus
or other proceedings, enforce payment of such items and foreclosure upon any mortgage or security
interest granted as security for such bonds and compel performance of all duties of the directors
and officers of the authority and shall be entitled, as a matter of right and regardless of
the sufficiency of any such security or the availability of any other remedy, to the appointment
of a receiver with all the power of such receiver for the maintenance, insurance and leasing
of the facilities and property covered by such...
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45-29-140.07
Section 45-29-140.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
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45-38-141.07
Section 45-38-141.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this part
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
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11-22-10
Section 11-22-10 Bond issues - Securing of principal and interest; mortgages and deeds of trust;
default. The principal of and interest on any bonds issued by the corporation shall be secured
by a pledge of the revenues and receipts out of which the same shall be made payable and may
be secured by mortgage or deed of trust covering all or any part of the projects from which
the revenues or receipts so pledged may be derived, including any enlargements of and additions
to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portion thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and...
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45-46-90.09
Section 45-46-90.09 Power to contract. As security for payment of the principal of and the
interest on bonds issued or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any industrial or commercial facility,
or port, dock, wharf, or related facilities owned by it, or any part or parts thereof, for
the imposition and collection of reasonable fees, rents, tolls, and other charges for, and
the promulgation of reasonable regulations respecting the use of any such facilities, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts, not inconsistent with this article for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such facilities
will be sufficient to operate such system, maintain the same in good repair and in...
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11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
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11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of bonds may
be secured by a trust agreement or indenture made by the authority with a corporate trustee,
which may be any trust company or bank within or without the state having the powers of a
trust company. The trust agreement or indenture may pledge or assign any revenues to be received
by the authority and any proceeds which may be derived from the disposition of any real or
personal property of the authority or proceeds of insurance carried thereon. The resolution
providing for the issuance of bonds and the trust agreement or indenture may contain any provisions
the authority deems necessary or appropriate for protecting and enforcing the rights and remedies
of the bondholders, including the right of appointment of a receiver upon default in the payment
of any principal or interest obligation and the right of any receiver or trustee to enforce
collection of any rates, fees, tolls, charges, or...
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11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
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