9-40 UTILITY FACILITIES AND REVENUE BONDS
UTILITY FACILITIES AND REVENUE BONDS
Municipal power to acquire and operate utility systems--Types of services
provided--Limits of service area.
Systems defined as utilities.
Combining of systems and services into single utility system.
Utility facilities outside municipal limits.
Water pollution prevention contracts.
Financial aid for sewerage and water facility systems--Federal contracts.
Contracts and creation of body for operation of sewerage and water facility
Bond issue for erection or acquisition of utility--Credit of municipality not
Revenue bond issue for extension or improvement of utility.
Additional revenue bonds authorized when original issue insufficient--Priority
Provision for additional bond issues of equal standing.
Provision for extension or improvement of utility by additional bond issue--Junior to prior issues.
Resolution or ordinance to refer to chapter--Purchase price for utility to be
Ordinance provisions for utility operation and security of bondholders.
9-40-12 to 9-40-14. Repealed.
Bonds payable from revenue--Circumstances not requiring election.
Collection of charges for sewerage, water services, and drainage basin utility
districts--Amount and basis of charges--Surcharge on water bills.
Pledge of revenue to separate fund--Separate account for bond payments and
reserve--Depreciation account and operational costs.
Revenue pledged to payment of extension and improvement bonds--Prior
pledge for original bond issue.
Taxing power not used for payment of revenue bonds--Restriction on use of
other municipal funds.
Chapter and resolution or ordinance incorporated in terms of bonds.
Separate or combined acquisition of utilities--Purchase price.
Payment of purchase price by issuance of bonds.
Bonds set apart for payment of underlying debt--Income set aside for debt
Exchange of bonds for underlying debt--Application of proceeds to debt.
Bondholders' statutory mortgage on utility--Disposition of utility prohibited
until bonds retired.
Statutory lien continued until bonds paid.
Enforcement by bondholders of statutory mortgage and requirements of
Rates to cover bond retirement and operational costs.
Municipality to pay for services rendered by utility.
Surplus transferred to depreciation account.
Expenditures from depreciation account--Investment of accumulations.
Surplus applied to other municipal or public purposes.
Receivership on default or mismanagement--Powers of receiver.
Judicial approval of rates charged during receivership--Criteria for
establishment of rates.
Termination of receivership and restoration of municipal control.
Sale and lease-back arrangements for waterworks and waste disposal facilities.
Sale of waterworks and waste disposal facilities--Conditions.
Tax exemption of waterworks and waste disposal facilities.
Sale and lease-back powers additional--Restrictions.