45-47-250.07
Section 45-47-250.07 Contracts of the authority. (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...
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11-49A-11
Section 11-49A-11 Bonds - Contracts as security for payment. 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 transit system
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 such system, 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 the provisions of this chapter
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system, when added to all other moneys of the authority available therefor,
will be sufficient to operate such system, maintain the same in good...
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11-81-65
Section 11-81-65 Bonds for refunding or funding of bonds outstanding - Security. Where the
indebtedness to be funded or refunded is secured in whole or in part by a lien, mortgage,
or deed of trust upon any property belonging to the municipality or by a pledge, assignment,
or appropriation of certain revenues or resources of the municipality, such municipality may
make a new lien, mortgage, or deed of trust upon such property or a new pledge, assignment,
or appropriation of such revenues or resources to secure the payment of the principal and
interest of such funding or refunding bonds, subject, however, to any valid prior liens, mortgages,
deeds of trust, pledges, assignments and appropriations. Municipalities are further authorized
to pledge, assign and appropriate to the payment of the principal and interest of funding
and refunding bonds issued after February 15, 1933, the collections or proceeds of any or
all uncollected special assessments and any or all moneys to be derived from...
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16-17-11
Section 16-17-11 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and 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, maintenance and disposition (including
lease) of any ancillary improvements or part thereof owned by it, for the imposition and collection
of reasonable rentals from such ancillary improvements, 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 the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that the revenues from such ancillary improvements will be
sufficient to operate such ancillary improvements, maintain the same in good repair and in
good operating condition, pay the principal of and interest...
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16-18-12
Section 16-18-12 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and 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, maintenance and disposition (including
lease) of any ancillary improvements or part thereof owned by it, for the imposition and collection
of reasonable rentals from such ancillary improvements, 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 the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that the revenues from such ancillary improvements will be
sufficient to operate such ancillary improvements, maintain the same in good repair and in
good operating condition, pay the principal of and interest...
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41-10-63
Section 41-10-63 Authority and procedure for pledge of revenues of authority and creation of
statutory lien upon facilities and properties thereof for payment of principal and interest
on bonds; remedies upon default in payment of principal or interest on bonds. (a) In the proceedings
authorizing the issuance of any of its bonds, the authority is hereby authorized and empowered
to pledge for the payment of the principal of and interest on such bonds, as the said principal
and interest shall respectively mature, and to agree to use solely for such purpose all the
revenues which under the provisions of Section 41-10-65 are provided for the payment of the
said principal and interest. All such pledges made by the authority shall take precedence
in the order of the resolutions containing such pledge. (b) In said proceedings the authority
may further provide and create a statutory lien upon the facilities and properties of the
authority as security for the payment of said principal and...
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41-10-653
Section 41-10-653 Powers of the authority. The authority shall have, in addition to all powers
heretofore granted to the authority pursuant to Division 1, the following powers: (1) To sell
and issue the bonds authorized herein for the purposes specified herein. (2) To pledge the
pledged revenues as security for the payment of the bonds. (3) To acquire any real or personal
property and to convey the same to the company or to any local governmental entity with or
without consideration. (4) To lease any real or personal property to the company or to any
local governmental entity for use in any part of the project. (5) To mortgage any part of
the project as security for the bonds. (6) To make, enter into, and execute contracts, agreements,
or other instruments necessary to acquire or construct capital improvements to any part of
the project. (7) To incur ancillary costs, project costs and training costs and to pay for
the same out of proceeds of the bonds, subject to the provisions of...
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41-10-673
Section 41-10-673 Powers and duties of the authority. The authority shall have, in addition
to all powers heretofore granted to the authority pursuant to the enabling act, the following
powers: (1) To sell and issue the bonds authorized herein for the purposes specified herein.
(2) To pledge the pledged revenues as security for the payment of the bonds. (3) To acquire
any real or personal property and to convey the same to the companies or to any local governmental
entity with or without consideration. (4) To lease any real or personal property to the companies
or to any local governmental entity for use in any part of the projects. (5) To mortgage any
part of the projects as security for the bonds. (6) To make, enter into, and execute contracts,
agreements, or other instruments necessary to acquire or construct capital improvements to
any part of the projects. (7) To incur ancillary costs, projects costs, and training costs
and to pay for the same out of proceeds of the bonds, subject...
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9-6-10
Section 9-6-10 Bonds - Contracts to secure payment. As security for payment of the principal
and 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 equipment, facilities, apparatus
or systems owned or controlled and operated by it or under its authority or any part or parts
thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of equipment, facilities, apparatus and systems
of the authority and any service furnished therefrom, 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 the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that revenues from such...
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11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and the interest on bonds issued or obligations assumed by it, the authority
may do the following: (1) 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 transit system owned by it, or any part of the system. (2) Impose and collect reasonable
rates for any service furnished by the system. (3) Promulgate rules and regulations respecting
any service furnished by the system. (4) Provide for the disposition and application of its
gross revenues received by the system. (5) Do any act or series of acts not inconsistent with
this chapter for the protection of the bonds and other obligations being secured by the authority.
(6) Assure that the revenues derived from the system, when added to all other moneys of the
authority, will be sufficient to operate and maintain...
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