31-4322. BOND ISSUES AUTHORIZED — FORM AND TERMS. To carry out the purposes of this chapter and to pay the necessary expenses of the district, the board is hereby authorized to issue negotiable coupon bonds of the district. Bonds shall be due and payable serially either annually or semiannually, commencing not later than three (3) years and extending not more than thirty (30) years from date. The form and terms of said bonds, including provisions for the rate of interest, their payment, and redemption shall be determined by the board. If the board so determines, such bonds may be redeemable prior to maturity, upon payment of a premium not exceeding three per cent (3%) of the net principal thereof. Said bonds shall be executed in the name of, and on behalf of, the district and signed by the chairman of the board with the seal of the district affixed thereto, and attested by the secretary of the board. Said bonds shall be in such denominations as the board shall determine, and the bonds and coupons thereto attached shall be payable to bearer. Interest coupons shall bear the original or facsimile signature of the chairman of the board. In other respects, said bonds shall be issued, sold and paid in accordance with the provisions of the Municipal Bond Law of the state of Idaho.
History:
[I.C., sec. 31-4322, as added by 1971, ch. 71, sec. 1, p. 161.]
Structure Idaho Code
Title 31 - COUNTIES AND COUNTY LAW
Chapter 43 - RECREATION DISTRICTS
Section 31-4301 - SHORT TITLE.
Section 31-4302 - DECLARATION OF PUBLIC BENEFIT.
Section 31-4303 - DEFINITIONS.
Section 31-4304 - CREATION OF RECREATION DISTRICTS.
Section 31-4304A - CREATION OF A PLANNED UNIT DEVELOPMENT RECREATION DISTRICT.
Section 31-4305 - DIRECTORS — QUALIFICATIONS — VACANCY — COMPENSATION — TERM.
Section 31-4306 - ELECTION OF DIRECTORS.
Section 31-4307 - PERSONS WHO MAY VOTE IN ELECTION.
Section 31-4308 - ORGANIZATION OF BOARD — MEETINGS — INSPECTION OF RECORDS.
Section 31-4309 - OFFICERS OF BOARD.
Section 31-4310 - PRESIDENT OF BOARD — DUTIES.
Section 31-4311 - SECRETARY OF BOARD — DUTIES.
Section 31-4312 - TREASURER OF BOARD — DUTIES.
Section 31-4313 - FISCAL YEAR — AUDIT.
Section 31-4314 - LIMITATION OF POWER TO INCUR DEBT.
Section 31-4315 - CLAIMS AGAINST DISTRICT.
Section 31-4316 - PURPOSE OF DISTRICT.
Section 31-4317 - POWERS OF DISTRICT.
Section 31-4318 - LEVY OF TAX.
Section 31-4318A - FEE IN LIEU OF TAXES.
Section 31-4319 - ANNEXATION OF ADDITIONAL TERRITORY.
Section 31-4320 - DISSOLUTION OF DISTRICT — PROCEDURE.
Section 31-4320A - DISSOLUTION OF INACTIVE DISTRICT.
Section 31-4321 - LIBERAL CONSTRUCTION.
Section 31-4322 - BOND ISSUES AUTHORIZED — FORM AND TERMS.
Section 31-4324 - NOTICES OF ELECTION ON PROPOSED INDEBTEDNESS.
Section 31-4325 - CONDUCT OF ELECTION FOR PROPOSED INDEBTEDNESS.
Section 31-4326A - SECURITY — TAX LEVIES AND SINKING FUND.
Section 31-4327 - RECREATION DISTRICT RESERVE FUND.
Section 31-4328 - RECREATION FACILITIES RESERVE FUND ELECTION.
Section 31-4329 - ADOPTION OF BUDGET — PUBLIC HEARING.
Section 31-4330 - NOTICE OF HEARING — POSTING AND PUBLICATION.
Section 31-4331 - PUBLIC INSPECTION.
Section 31-4332 - BOARD ATTENDANCE — DUTIES.
Section 31-4333 - CONFIRMATION OF ELECTIONS AND SUBDISTRICT BOUNDARIES.