31-4217. ISSUANCE OF BONDS — TERMS — NEGOTIABLE — ACTIONS TO TEST VALIDITY — CONCLUSIVE PRESUMPTIONS. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates as the authority shall approve, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, with or without premium as such resolution, its trust indenture, or the bonds so issued, may provide.
The bonds may be sold at public or private sale at not less than par.
In case any of the commissioners or officers of the authority, whose signatures appear on any bonds or coupons, shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this act shall be fully negotiable.
In any suit, action or proceedings, involving the validity or enforceability of any bond of an authority or the security thereof, any such bond, reciting, in substance, that it has been issued by the authority to aid in financing a housing project to provide dwelling accommodations for persons of low income, shall be conclusively deemed to have been issued for a housing project of such character and said project shall be conclusively deemed to have been planned, located and constructed in accordance with purposes and provisions of this act.
History:
[31-4217, added 1970, ch. 211, sec. 17, p. 584.]
Structure Idaho Code
Title 31 - COUNTIES AND COUNTY LAW
Chapter 42 - COUNTY HOUSING AUTHORITIES AND COOPERATION LAW
Section 31-4201 - SHORT TITLE.
Section 31-4202 - DECLARATION OF GOVERNMENTAL FUNCTION.
Section 31-4203 - DEFINITIONS.
Section 31-4204 - POWERS OF AUTHORITY.
Section 31-4205 - CREATION OF HOUSING AUTHORITIES.
Section 31-4206 - TERMINATION OF AUTHORITY.
Section 31-4207 - AID AND COOPERATION FROM OTHER STATE PUBLIC BODIES — ACTS AUTHORIZED.
Section 31-4208 - PROPERTY OF AUTHORITY PUBLIC — EXEMPTION — PAYMENT FOR SERVICES.
Section 31-4209 - DONATIONS BY COUNTY.
Section 31-4210 - COMMISSIONERS — APPOINTMENT — QUALIFICATIONS — TENURE.
Section 31-4211 - REMOVAL OF COMMISSIONERS.
Section 31-4212 - POLICY IN OPERATION OF AUTHORITY.
Section 31-4213 - DUTIES REGARDING RENTALS AND TENANT SELECTION.
Section 31-4214 - EMINENT DOMAIN.
Section 31-4215 - HOUSING PROJECTS SUBJECT TO PLANNING, ZONING, SANITARY AND BUILDING LAWS.
Section 31-4216 - BOND ISSUES.
Section 31-4218 - POWERS TO SECURE PAYMENT OF BONDS.
Section 31-4220 - RIGHTS OF OBLIGEES — MANDAMUS — INJUNCTION.
Section 31-4221 - FILING OF MINUTES AND REPORTS.
Section 31-4224 - LIMITATIONS ON POWER OF AUTHORITY.
Section 31-4225 - PROVISIONS FOR DEFAULT — RIGHTS OF OBLIGEES.