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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16-19-3
Section 16-19-3 Issuance of warrants authorized. Each local subdivision shall have the
power from time to time to sell and issue interest-bearing warrants of such local subdivision
for the purpose of raising funds to pay all or any part of the costs of the acquisition by
a state educational institution, by construction or otherwise, of any educational facility.
Such warrants shall be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates not exceeding eight percent per annum payable semiannually and evidenced in such manner,
may be payable at such place or places within or without the state, may be sold at such time
or times and in such manner, may be executed in such manner and may contain such terms and
provisions not inconsistent with the provisions of this chapter, all as the governing body
of such local subdivision may provide in the proceedings under which the...
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4-5-2
Section 4-5-2 Issuance and sale; form; denominations; terms; disposition of proceeds
of sale. Each county shall have the power from time to time to sell and issue interest-bearing
warrants of such county or interest-bearing certificates of indebtedness of such county for
the purpose of paying the cost of acquiring and providing county airports, including lands,
structures, runways and all other airport facilities whatsoever. Such warrants and certificates
may be in such denomination or denominations, may have such maturity or maturities not exceeding
30 years from their date, may bear interest from their date at such rate or rates not exceeding
six percent per annum, payable semiannually, may be payable at such place or places within
or without this state, may be sold at such time or times and in such manner, may be executed
in such manner and may contain such terms not in conflict with the provisions of this chapter,
all as the governing body of such county may provide in the...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
etc.; dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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11-81-242
Section 11-81-242 Designation of regions for qualified projects; issuance of bonds,
notes, etc. (a)(1) The governing body of a local government may designate an area of the local
government as a region within which the local government may provide financing to the record
owners of real property and impose assessments for the repayment of costs of a qualified project.
(2)a. A local government may issue bonds or notes or use other financing to finance qualified
projects under this article. b. Bonds or notes issued under this section are not general
obligations of the local government, but are payable from any of the following: 1. Payments
of assessments on benefited real property in one or more designated regions under this article.
2. Reserves established by the local government from grants, bonds, or net proceeds or other
lawfully available funds. 3. Municipal bond insurance, lines of credit, public or private
guaranties, standby bond purchase agreements, collateral assignments,...
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41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby
authorized from time to time to sell and issue its interest-bearing or noninterest-bearing
bonds, in one or more series, not to exceed an aggregate principal amount of $40,000,000.00,
excluding refunding bonds described in Section 41-10-277, for the purpose of providing
funds for the acquisition, construction, installation and equipping of judicial facilities,
and for payment of obligations incurred for any of said purposes. Bonds of the authority may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times not exceeding 30 years from their date, may be payable at such place
or places, may be redeemable at such times and under such conditions, may bear interest at
such rate or rates payable and evidenced in such manner or may be structured to bear no interest
or to reflect compound interest and may be secured in such manner, all as shall not...
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41-10-326
Section 41-10-326 Special funds for payment of bonds, insurance, and other expenses.
In the resolution or proceedings authorizing the issuance of any bonds or any temporary loan
or in any indenture of trust, the authority may provide for the establishment of one or more
special funds for the payment of the principal of, or interest on, the bonds or notes, one
or more reserve funds therefor and a fund, or funds, for the payment of insurance premiums
or other expenses with respect to the ownership and leasing of the facilities. Any such special
funds shall be held as trust funds pursuant to agreement with such trustee bank or banks as
may be designated by the commission. The authority shall establish and maintain appropriate
records pertaining to such funds. Such records shall be available at all reasonable times
to public inspection. (Acts 1986, No.86-546, p. 1093, §27.)...
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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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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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10A-3-7.11
Section 10A-3-7.11 Procedure in liquidation of corporation by court. (a) In proceedings
to liquidate the assets and affairs of a nonprofit corporation, the court shall have the power
to issue restraining orders or injunctions, to appoint a receiver or receivers pendente lite,
with the powers and duties as the court, from time to time, may direct, and to take other
proceedings as may be requisite to preserve the corporate assets wherever situated, and carry
on the affairs of the nonprofit corporation until a full hearing can be had. (b) After a hearing
had upon the notice as the court may direct to be given to all parties to the proceedings
and to any other parties in interest designated by the court, the court may appoint a liquidating
receiver or receivers with authority to collect the assets of the nonprofit corporation. The
liquidating receiver or receivers shall have authority, subject to the order of the court,
to sell, convey, and dispose of all or any part of the assets of the...
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