Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 11-57-1 - Definitions. - The following words and phrases, whenever used in this chapter,...
Section 11-57-2 - Legislative Intent; Construction of Chapter Generally. - (a) It is the intention of the Legislature by the...
Section 11-57-3 - Application for Authority to Form Corporation; Adoption of Resolution by Governing Body Authorizing Incorporation; Procedure for Incorporation Generally. - Whenever any number of natural persons, not less than three,...
Section 11-57-4 - Certificate of Incorporation - Contents; Execution and Acknowledgment; Approval by Governing Body. - (a) The certificate of incorporation of the authority shall state:...
Section 11-57-5 - Certificate of Incorporation - Filing and Recordation. - The certificate of incorporation, having attached thereto a certified copy...
Section 11-57-6 - Board of Directors; Record of Proceedings of Board. - The authority shall have a board of directors composed of...
Section 11-57-7 - Officers. - The officers of the authority shall consist of a president,...
Section 11-57-8 - Powers - Generally. - The authority shall have the following powers and capacities, among...
Section 11-57-9 - Powers - Eminent Domain. - The authority shall have the same power of eminent domain...
Section 11-57-10 - Leasing of Projects. - The authority and the municipality are hereby respectively authorized to...
Section 11-57-11 - Bonds - Authority for Issuance; Security for Payment of Principal and Interest Generally; Form, Terms, Denominations, etc.; Sale, Redemption, Etc. - The authority is empowered at any time and from time...
Section 11-57-12 - Bonds - Recital as to Authority for Issuance; Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions, etc., as to Validity of Proceedings for Issuance of Bonds, Etc. - (a) Any resolution authorizing any bonds under this chapter shall...
Section 11-57-13 - Bonds - Execution and Delivery. - The bonds of the authority shall be signed by either...
Section 11-57-14 - Bonds - Negotiability. - All bonds issued by the authority, while not registered, shall...
Section 11-57-15 - Bonds - Security for Payment of Principal and Interest. - The principal of and the interest on the bonds shall...
Section 11-57-16 - Bonds - Disposition of Proceeds From Sale. - (a) The proceeds derived from the sale of any bonds...
Section 11-57-17 - Refunding Bonds. - The authority may at any time and from time to...
Section 11-57-18 - Investment in Bonds - by Municipalities. - The governing body is authorized in its discretion to invest...
Section 11-57-19 - Investment in Bonds - by Executors, Savings Banks, Insurance Companies, Etc. - Bonds issued under the provisions of this chapter are hereby...
Section 11-57-20 - Remedies Upon Default on Bonds, Lease Agreements, Etc. - (a) In event of default on the bonds. If there...
Section 11-57-21 - Liability of State or Municipalities on Bonds and Obligations of Authorities. - All obligations incurred by the authority and all bonds issued...
Section 11-57-22 - Investment of Funds of Authorities. - Any portion of the principal proceeds derived from the sale...
Section 11-57-23 - Conveyances of Property to Authorities by Municipalities. - The municipality is hereby authorized to transfer and convey to...
Section 11-57-24 - Authority and Procedure for Dissolution of Authorities; Vesting of Title to Assets or Properties Thereof in Municipalities Upon Dissolution; Formation of Authorities Not to Prevent Subsequent Formation of Other Authorities by Same... - (a) At any time when the authority does not have...
Section 11-57-25 - Exemption From Taxation of Properties, Bonds, Etc. - The properties of the authority and the income therefrom, all...
Section 11-57-26 - Construction of Chapter. - This chapter shall not be construed as a restriction or...