15-7-112. Borrowing and issuance of bonds for airports; generally.
In addition to all other powers, a city or town may borrow money and issue coupon bonds in an amount not exceeding, at one (1) time, four percent (4%) of the assessed valuation of the city or town to acquire, lease, purchase, equip, develop, improve or enlarge municipal airports, landing fields or other air navigation facilities. The bonds shall be of the denomination of five hundred dollars ($500.00), or multiples thereof, and bear interest at a rate payable semiannually, at the place and in the manner provided by the governing body. The bonds shall be in serial form with last maturity not more than thirty (30) years after the date of issue. The bonds are redeemable at a time designated by the governing body as provided in W.S. 16-5-302.
Structure Wyoming Statutes
Chapter 7 - Public Improvements
Section 15-7-102 - Borrowing and Issuance of Bonds; Generally; Sewerage Systems; Elections.
Section 15-7-103 - Borrowing and Issuance of Bonds; Recreational Facilities.
Section 15-7-104 - Borrowing and Issuance of Bonds; Fire Prevention.
Section 15-7-105 - Bonds; Endorsed Certificate; Registration Book.
Section 15-7-106 - Bonds; Notice; Receiving Bids; Exception; Limitation; Private Sale.
Section 15-7-107 - Bonds; Tax; Interest; Sinking Fund; Redemption.
Section 15-7-108 - Bonds; Cancellation.
Section 15-7-109 - Limitations on Indebtedness; Exceptions.
Section 15-7-110 - Custody of Funds.
Section 15-7-111 - Bonds for Municipal Improvements; Exception; Procedure.
Section 15-7-112 - Borrowing and Issuance of Bonds for Airports; Generally.
Section 15-7-113 - Borrowing and Issuance of Bonds for Airports; Notice; Receiving Bids.
Section 15-7-114 - Borrowing and Issuance of Bonds for Airports; Tax; Payment; Cancellation.