11-63-2
Section 11-63-2 Loans, grants, etc., of property, payment of principal or interest on outstanding
bonds and securities, etc., by municipalities for assistance of related public corporations
authorized generally; issuance of bonds by municipalities to provide moneys for loans, payments,
etc., generally; creation of irrevocable trust funds for payment of corporate securities.
(a) In addition to all other powers that a municipality may have with respect to a related
public corporation, any municipality may, with or without consideration and on such terms
as its governing body may deem advisable: (1) Lend or donate money to, or perform services
for the benefit of, a related public corporation; (2) Donate, convey, transfer, lease, or
grant to a related public corporation any property of any kind; (3) Pay, or provide for the
payment of, the principal of or interest on any then outstanding bonds or other securities
theretofore issued by a related public corporation, whether or not such...
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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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11-95-8
Section 11-95-8 Bonds of corporation - From what source payable; pledge of revenues; execution;
form, interest rate, maturity, sale, and negotiability; nature of obligation and source of
payment; investment eligibility. (a) All bonds issued by a corporation shall be payable solely
from one or more of the following sources as may be designated in the proceedings of the board
under which such bonds shall be authorized to be issued: (1) Hospital taxes; and (2) Revenues
from any hospital facilities owned or operated by it. (b) The principal of and interest on
any bonds issued by a corporation shall be secured by a pledge of the designated revenues
and may be secured by a trust indenture evidencing such pledge or by a non-foreclosable mortgage
and deed of trust conveying as security for such bonds all or any part of the property of
the corporation from which any part of the designated revenues so pledged may be derived.
The resolution of the board under which the bonds are authorized to be...
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23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby authorized
to provide by resolution for the issuance of bonds of the authority for any of its corporate
purposes, including the refunding of its bonds. The principal of and the interest on any issue
of such bonds shall be payable solely from, and be secured by a pledge of, tolls and other
revenues of all or any part of the toll road, bridge, or tunnel project financed in whole
or in part with the proceeds of such issue or with the proceeds of bonds refunded or to be
refunded by such issue. The proceeds of any such bonds may be used or pledged for the payment
or security of the principal or of the interest on bonds, and for the establishment of any
or all reserves for such payment or security, or for other corporate purposes as the authority
may authorize in the resolution authorizing the issuance of bonds or in the trust agreement
securing the same. (b) The bonds of each issue shall be dated; shall...
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41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on bonds or
indenture. If there shall be any default in the payment of the principal of or interest on
any of the bonds issued under this article, or in the performance of any provisions of the
indenture or proceedings authorizing the issuance of such bonds, then the holder of any of
the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the performance
of all duties of the officers and directors of the corporation with respect to the use of
funds for the payment of the bonds and for the performance of the bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
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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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45-2A-80.03
Section 45-2A-80.03 Bond issue authorized. (a) In payment for the purchase, lease, construction,
acquisition, extension, or maintenance of such television cable system, the municipal corporation
may issue its bonds in the manner provided by law. (b) Such municipal corporation, in order
to secure the prompt and faithful payment of the principal and interest of all debts, bonds,
or other evidences of indebtedness incurred or issued by it for the construction, acquisition,
lease, extension, or maintenance of a television cable system may execute a mortgage or deed
of trust upon any or all of such system and all property used in connection therewith, including
the franchise or any part thereof. (c) Such mortgage or deed of trust may contain such terms,
conditions, covenants, and warranties for the protection of the utilities board and holders
of such bonds or securities issued by such municipal corporation as may be determined and
agreed upon by the governing body of the municipal...
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45-40A-10.04
Section 45-40A-10.04 Funding. (a) In payment for the purchase, construction, acquisition, extension,
or maintenance of the television cable system, the municipal corporation may issue its bonds
in the manner provided by law. (b) The municipal corporation, in order to secure the prompt
and faithful payment of the principal and interest of all debts, bonds, or other evidences
of indebtedness incurred or issued by it for the construction, acquisition, extension, or
maintenance of a television cable system, may execute a mortgage or deed of trust upon any
or all of the system and all property used in connection therewith, including the franchise
or any part thereof. (c) The mortgage or deed of trust may contain the terms, conditions,
covenants, and warranties for the protection of the municipal corporation and holders of the
bonds or securities issued by the municipal corporation as may be determined and agreed upon
by the governing body of the municipal corporation and persons, firms, or...
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45-48A-61.02
Section 45-48A-61.02 Bond issue authorized. (a) In payment for the purchase, lease, construction,
acquisition, extension, or maintenance of the cable television system, the municipal corporation
may issue its bonds in the manner provided by law. (b) The municipal corporation, in order
to secure the prompt and faithful payment of the principal and interest of all debts, bonds,
or other evidences of indebtedness incurred or issued by it for the construction, acquisition,
lease, extension, or maintenance of a television cable system may execute a mortgage or deed
of trust upon any or all of the system and all property used in the operation, including the
franchise in whole or in part. (c) The mortgage or deed of trust may contain terms, conditions,
covenants, and warranties for the protection of the bond holders or securities issued by the
municipal corporation cable television system, as determined and agreed upon from time to
time by the governing body of the municipal corporation and...
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11-59-14
Section 11-59-14 Authority and procedure for dissolution of corporations; vesting of title
to facilities thereof in municipalities upon dissolution. When the principal of and interest
on all bonds issued by the corporation shall have been paid, the title to all facilities then
owned by the corporation shall thereupon vest in the municipality with respect to which the
corporation shall have been organized, and all rights and powers of the corporation with respect
to said facilities shall thereupon terminate and the corporation shall thereupon stand dissolved.
The then members of the board of directors of the corporation shall thereupon execute and
file for record in the office of the judge of probate of the county in which the certificate
of incorporation of the corporation was filed an appropriate certificate reciting the payment
of the principal of and interest on the bonds of the corporation, which certificate shall
also describe the facilities owned by the corporation at the time of...
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