67-4921. ISSUANCE OF NEGOTIABLE COUPON BONDS — FORM AND TERMS. To carry out the purposes of this act, and to pay the necessary and ordinary expenses of a district authorized to levy and collect ad valorem taxes, the board is hereby authorized to issue negotiable coupon bonds of the district. Bonds shall bear interest at a rate not exceeding that provided by law payable semi-annually, and shall be due and payable serially, either annually or semi-annually, 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 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 five per cent (5%) of the 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.
History:
[67-4921, added 1959, ch. 137, sec. 21, p. 299; am. 1970, ch. 133, sec. 20, p. 309; am. 1978, ch. 276, sec. 6, p. 671; am. 1987, ch. 70, sec. 13, p. 137.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 49 - AUDITORIUM DISTRICTS
Section 67-4901 - PURPOSE OF ACT.
Section 67-4902 - DEFINITIONS.
Section 67-4903 - JURISDICTION TO ESTABLISH DISTRICTS.
Section 67-4904 - PETITION — CONTENTS — AMENDMENTS.
Section 67-4905 - BOND OF PETITIONERS.
Section 67-4906 - NOTICE OF HEARING ON PETITION — JURISDICTION.
Section 67-4907 - HEARINGS ON PETITIONS — ELECTION FOR ORGANIZATION AND OFFICERS.
Section 67-4908 - QUALIFICATION OF MEMBERS OF BOARD.
Section 67-4910 - MEETINGS — VACANCIES.
Section 67-4911 - ELECTIONS — TERMS OF OFFICE.
Section 67-4912 - GENERAL POWERS OF BOARD.
Section 67-4914 - LEVY AND COLLECTION OF TAXES.
Section 67-4915 - LEVIES TO COVER DEFAULTS AND DEFICIENCIES.
Section 67-4916 - OFFICERS TO LEVY AND COLLECT TAXES.
Section 67-4917 - SINKING FUND.
Section 67-4917B - HOTEL/MOTEL ROOM SALES TAX.
Section 67-4918 - INCLUSION OF PROPERTY PETITIONED — HEARING — ORDER.
Section 67-4919 - EXCLUSION OF PROPERTY PETITIONED — HEARING — ORDER.
Section 67-4920 - LIABILITY OF PROPERTY INCLUDED OR EXCLUDED.
Section 67-4921 - ISSUANCE OF NEGOTIABLE COUPON BONDS — FORM AND TERMS.
Section 67-4922 - SUBMISSION OF PROPOSITION TO ELECTORATE.
Section 67-4922A - LEASING OF LAND AND IMPROVEMENTS.
Section 67-4923 - NOTICE OF ELECTION.
Section 67-4924 - CONDUCT OF ELECTION — CANVASS OF RETURNS.
Section 67-4925 - EFFECT OF ELECTION — SUBSEQUENT ELECTIONS.
Section 67-4926 - CORRECTION OF FAULTY NOTICES.
Section 67-4928 - ELECTIONS — VALIDATION OF ACTS.
Section 67-4929 - INCLUSION OR EXCLUSION — ELECTION PROCEDURE.