11-54-60
Section 11-54-60 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project or from requiring any lessee
of a project to pay the cost of completing such project in the event the proceeds from the
sale of the bonds are insufficient therefor. (Acts 1973, No. 812, p....
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9-10-38
Section 9-10-38 Security for bonds. (a) At the discretion of the corporation, any bonds issued
under the provisions of this article may be secured by a trust agreement by and between the
corporation and a corporate trustee, which may be any trust company or bank having the powers
of a trust company within or without the state. The trust agreement or the resolution providing
for the issuance of such bonds, subject to the provisions of Section 9-10-35, may pledge or
assign tolls, rentals, sales receipts or other revenues to which the corporation's right then
exists or which may thereafter come into existence and the moneys derived therefrom and the
proceeds of such bonds; provided, however, that the trust agreement or resolution shall not
convey or mortgage any project or any part thereof. (b) Such trust agreement or resolution
providing for the issuance of bonds may contain such provisions for protecting and enforcing
the rights and remedies of the bondholders as may be reasonable and...
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11-20-11
Section 11-20-11 Counties not to contribute costs of acquisition of projects or county lands
therefor. No county shall have the power to pay out of its general funds or otherwise contribute
any part of the costs of acquiring a project and shall not have the power to use land already
owned by the county or in which the county has an equity for construction thereon of a project
or any part thereof. The entire cost of acquiring any project must be paid out of the proceeds
from the sale of bonds issued under the authority of this article; provided, however, that
this provision shall not be construed to prevent a county from accepting donations of property
to be used as a part of any project or money to be used for defraying any part of the cost
of any project. (Acts 1961, Ex. Sess., No. 178, p. 2147, §9.)...
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11-54-144
Section 11-54-144 Security for bonds. The principal of and interest on any bonds issued under
the authority of this article shall be secured by a pledge of the revenues out of which such
bonds shall be made payable, may be secured by a mortgage covering all or any part of the
project from which the revenues so pledged may be derived, and may be secured by a pledge
of the lease of such project. The proceedings under which such bonds are authorized to be
issued or any such mortgage may contain any agreements and provisions customarily contained
in instruments securing bonds, including, without limiting the generality of the foregoing,
provisions respecting the fixing and collection of rents for any project covered by such proceedings
or mortgage, the terms to be incorporated in the lease of such project, the maintenance and
insurance of such project, the creation and maintenance of special funds from the revenues
from such project, and the rights and remedies available in event of...
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11-54-30
Section 11-54-30 Municipalities not to contribute to costs of acquisition of projects or use
municipal lands for projects. No municipality shall have the power to pay out of its general
funds or otherwise contribute any part of the costs of acquiring a project and shall not have
the power to use land already owned by the municipality or in which the municipality has an
equity for construction thereon of a project or any part thereof. The entire cost of acquiring
any project must be paid out of the proceeds from the sale of bonds issued under the authority
of this article; provided, however, that this provision shall not be construed to prevent
a municipality from accepting donations of property to be used as a part of any project or
money to be used for defraying any part of the cost of any project. (Acts 1951, No. 756, p.
1307, §9.)...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant to Chapter
88 of Title 11 shall, in addition to all other powers now or hereafter granted by law, have
the following powers and rights: (1) To borrow money for temporary use for any of its corporate
purposes and, in evidence of such borrowing, to issue from time to time revenue bonds or notes
maturing not later than 36 months from the date of issuance. 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. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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24-1-37
Section 24-1-37 Remedies of obligee of authority generally. An obligee of the authority shall
have the right, in addition to all other rights which may be conferred on such obligee, subject
only to any contractual restrictions binding upon such obligee: (1) By mandamus, or civil
action, both of which may be joined in one action, to compel the authority, and the commissioners,
officers, agents, or employees thereof, to perform each and every term, provision, and covenant
contained in any contract of the authority, and to require the carrying out of any or all
covenants and agreements of the authority and the fulfillment of all duties imposed upon the
authority by this article. (2) By civil action to enjoin any acts or things which may be unlawful
or the violation of any of the rights of such obligee of the authority. (3) By civil action
in any court of competent jurisdiction to cause possession of any housing project, or any
part thereof, to be surrendered to any obligee having the...
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24-1-75
Section 24-1-75 Remedies of obligee of authority generally. An obligee of the authority shall
have the right, in addition to all other rights which may be conferred on such obligee, subject
only to any contractual restrictions binding upon such obligee: (1) By mandamus or civil action,
both of which may be joined in one action, to compel the authority, and the housing commissioners,
officers, agents or employees thereof, to perform each and every term, provision and covenant
contained in any contract of the authority, and to require the carrying out of any or all
covenants and agreements of the authority and the fulfillment of all duties imposed upon the
authority by this article. (2) By civil action to enjoin any acts or things which may be unlawful,
or the violation of any of the rights of such obligee of the authority. (3) By civil action
in any court of competent jurisdiction to cause possession of any housing project, or any
part thereof, to be surrendered to any obligee having...
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11-20-6
Section 11-20-6 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued under the authority of this article shall
be secured by a pledge of the revenues out of which such bonds shall be made payable, may
be secured by a mortgage covering all or any part of the project from which the revenues so
pledged may be derived and may be secured by a pledge of the lease of such project. The proceedings
under which such bonds are authorized to be issued or any such mortgage may contain any agreements
and provisions customarily contained in instruments securing bonds, including, without limiting
the generality of the foregoing, provisions respecting the fixing and collection of rents
for any project covered by such proceedings or mortgage, the terms to be incorporated in the
lease of such project, the maintenance and insurance of such project, the creation and maintenance
of special funds from the revenues from such project...
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11-54-25
Section 11-54-25 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued under the authority of this article shall
be secured by a pledge of the revenues out of which such bonds shall be made payable, may
be secured by a mortgage covering all or any part of the project from which the revenues so
pledged may be derived and may be secured by a pledge of the lease of such project. The proceedings
under which such bonds are authorized to be issued or any such mortgage may contain any agreements
and provisions customarily contained in instruments securing bonds, including, without limiting
the generality of the foregoing, provisions respecting the fixing and collection of rents
for any project covered by such proceedings or mortgage, the terms to be incorporated in the
lease of such project, the maintenance and insurance of such project, the creation and maintenance
of special funds from the revenues from such project...
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