419.10 Default.
In case of a default in the payment of any revenue bonds, issued pursuant to the provisions of this chapter, the municipality which defaulted in such payment shall be precluded from entering into any activity of its own except to release the property for some industrial activity.
[C66, 71, 73, 75, 77, 79, 81, §419.10]
Structure Iowa Code
Chapter 419 - MUNICIPAL SUPPORT OF PROJECTS
Section 419.3 - Bonds as limited obligations.
Section 419.4 - Pledge of revenues.
Section 419.5 - Determination of rent.
Section 419.6 - Refunding bonds.
Section 419.7 - Application of proceeds limited.
Section 419.8 - No payment by municipality.
Section 419.9 - Public hearing.
Section 419.11 - Tax equivalent to be paid — assessment procedure — appeal.
Section 419.13 - Exception to budget law and certain bond provisions.
Section 419.14 - Eminent domain not available.
Section 419.15 - Limitation of actions.
Section 419.16 - Intent of law.
Section 419.17 - Revenue bonds issued.
Section 419.18 - Grain and soybean storage facilities — bonds issued.