390.13 Public bonds or obligations authorized by resolution of board of directors — terms.
1. The board of directors of an electric power agency, by resolution, may authorize the issuance of public bonds or obligations of the electric power agency.
2. The public bonds or obligations may be issued in one or more series under the resolution or under a trust indenture or other security agreement.
3. The resolution, trust indenture, or other security agreement, with respect to such public bonds or obligations, shall provide for all of the following:
a. The date on the public bonds or obligations.
b. The time of maturity.
c. The rate of interest.
d. The denomination.
e. The form, either coupon or registered.
f. The conversion, registration, and exchange privileges.
g. The rank or priority.
h. The manner of execution.
i. The medium of payment, including the place of payment, either within or outside of the state.
j. The terms of redemption, either with or without premium.
k. Such other terms and conditions as set forth by the board in the resolution, trust indenture, or other security agreement.
4. Public bonds or obligations authorized by the board of directors shall not be subject to any restriction under other law with respect to the amount, maturity, interest rate, or other terms of obligation of a public agency or private person.
5. Chapter 75 shall not apply to public bonds or obligations authorized by the board of directors as provided in this section.
2001 Acts, 1st Ex, ch 4, §21, 36
CS2001, §476A.24
2010 Acts, ch 1018, §11
C2011, §390.13
Structure Iowa Code
Chapter 390 - JOINT ELECTRICAL UTILITIES
Section 390.2 - Additional power.
Section 390.3 - Hearing — exception to general statutes.
Section 390.4 - Undivided joint interest.
Section 390.7 - Construction of amendments.
Section 390.8 - Equity investment in independent transmission company.
Section 390.8A - Transmission facility ownership.
Section 390.10 - Electric power agency — general authority.
Section 390.11 - Electric power agency — authority — conflicting provisions.
Section 390.12 - Issuance of public bonds or obligations — purposes — limitations.
Section 390.13 - Public bonds or obligations authorized by resolution of board of directors — terms.
Section 390.14 - Public bonds or obligations payable solely from agency revenues or funds.
Section 390.15 - Public bonds or obligations — types — sources for payment — security.
Section 390.17 - Public bonds or obligations to be negotiable.
Section 390.18 - Validity of public bonds or obligations at delivery — temporary bonds.
Section 390.19 - Public or private sale of bonds and obligations.
Section 390.22 - Mortgage or trust deed to secure bonds.
Section 390.23 - No personal liability on public bonds or obligations.