33-2126. FORM AND SALE OF BONDS. When the commission shall find the proposed dormitory project or projects to be necessary for the proper operation of the junior college and economically feasible and such finding is recorded in the minutes of the commission, the commission shall be authorized by its resolution (and) [to issue bonds which] may be issued in one (1) or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, 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 sale at not less than par; provided, however, that if such bonds are sold to the United States of America or an agency or instrumentality thereof, they may be sold at private sale.
In case any of the commissioners or officers of the commission whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signature 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 a commission or the security therefor, any such bond, reciting in substance that it has been issued by the commission to aid in financing a dormitory housing project to provide dwelling accommodations for students attending a junior college, shall be conclusively deemed to have been issued for a dormitory 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:
[33-2126, added 1957, ch. 87, sec. 11, p. 137; am. 1970, ch. 80, sec. 2, p. 196.]
Structure Idaho Code
Section 33-2101 - JUNIOR COLLEGE DISTRICTS, APPROVALS, BOUNDARIES OF JUNIOR COLLEGE AREAS.
Section 33-2101A - JUNIOR COLLEGE SHALL MEAN COMMUNITY COLLEGE.
Section 33-2102 - COURSES OF STUDY.
Section 33-2103 - MINIMUM REQUIREMENTS FOR THE FORMATION OF A JUNIOR COLLEGE DISTRICT.
Section 33-2104 - FORMATION OF COMMUNITY COLLEGE DISTRICTS.
Section 33-2104A - COMMUNITY COLLEGE TRUSTEE ZONES.
Section 33-2105 - ADDITION OF TERRITORY TO COMMUNITY COLLEGE DISTRICTS.
Section 33-2106 - TRUSTEES OF COMMUNITY COLLEGE DISTRICTS.
Section 33-2107 - GENERAL POWERS OF THE BOARD OF TRUSTEES.
Section 33-2107B - POWERS GRANTED BY PRECEDING SECTION IN ADDITION TO OTHER POWERS.
Section 33-2107C - DEFINITION OF URBAN AREA DISTRICTS EMPOWERED TO CREATE UPPER DIVISIONS.
Section 33-2108 - JUNIOR COLLEGE DISTRICTS PUBLIC CORPORATIONS — SUE AND BE SUED — CORPORATE SEAL.
Section 33-2109A - USE OF UNUSED SICK LEAVE.
Section 33-2111 - TAXES AND OTHER FINANCIAL SUPPORT FOR COMMUNITY COLLEGES.
Section 33-2112 - ADDITIONAL TAX LEVY FOR GYMNASIUM AND GROUNDS.
Section 33-2113 - CAPITAL FUNDS.
Section 33-2114 - REPORTS OF JUNIOR COLLEGE DISTRICTS.
Section 33-2115 - COUNTIES, CITIES, SCHOOL DISTRICTS AND BOARDS TO COOPERATE.
Section 33-2117 - DEFINITIONS.
Section 33-2118 - CREATION OF DORMITORY HOUSING COMMISSIONS.
Section 33-2119 - APPOINTMENT, QUALIFICATIONS AND TENURE OF COMMISSIONERS.
Section 33-2120 - INTERESTED COMMISSIONERS OR EMPLOYEES.
Section 33-2121 - REMOVAL OF COMMISSIONERS.
Section 33-2122 - POWERS AND DUTIES OF DORMITORY HOUSING COMMISSIONS.
Section 33-2123 - OPERATION NOT FOR PROFIT.
Section 33-2124 - PLANNING, ZONING AND BUILDING LAWS.
Section 33-2126 - FORM AND SALE OF BONDS.
Section 33-2127 - PROVISIONS OF BONDS AND TRUST INDENTURES.
Section 33-2128 - REMEDIES OF AN OBLIGEE OF COMMISSION.
Section 33-2129 - ADDITIONAL REMEDIES CONFERRABLE BY COMMISSION.
Section 33-2130 - CONSTRUCTION OF POWERS CONFERRED.
Section 33-2131 - EXEMPTION OF PROPERTY FROM EXECUTION SALE.
Section 33-2132 - AID FROM FEDERAL GOVERNMENT.
Section 33-2133 - TAX EXEMPTION.
Section 33-2135 - TERMINATION — REACTIVATION.
Section 33-2136 - STUDENT CENTERS AND STUDENT UNION BUILDINGS.
Section 33-2137 - IMPOSITION AND COLLECTION OF STUDENT FEES AND CHARGES.
Section 33-2138 - HOUSING COMMISSIONS VALIDATED.
Section 33-2139 - STATE COMMUNITY COLLEGE ACCOUNT CREATED.
Section 33-2141 - DISBURSEMENT OF FUNDS — METHOD — FUNDS DISBURSED NOT CONSIDERED IN FIXING TUITION.
Section 33-2142 - DIRECT PAYMENT TO BOARD — UTILIZATION.
Section 33-2143 - DISPOSITION OF FUNDS WHEN JUNIOR COLLEGE CEASES TO OPERATE.
Section 33-2144 - DISBURSEMENT TO PUBLIC EMPLOYEE RETIREMENT FUND.
Section 33-2145 - PROCEDURES TO PREVENT THE SPREAD OF INFECTIOUS DISEASE.