Chapter 40 - Utility Facilities And Revenue Bonds
- Section 9-40-1 - Municipal power to acquire and operate utility systems--Types of servicesprovided--Limits of service area.
- Section 9-40-2 - Systems defined as utilities.
- Section 9-40-3 - Combining of systems and services into single utility system.
- Section 9-40-4 - Utility facilities outside municipal limits.
- Section 9-40-4.1 - Water pollution prevention contracts.
- Section 9-40-4.2 - Financial aid for sewerage and water facility systems--Federal contracts.
- Section 9-40-4.3 - Contracts and creation of body for operation of sewerage and water facilitysystems.
- Section 9-40-5 - Bond issue for erection or acquisition of utility--Credit of municipality notused--Authorization--Issuance--Sale.
- Section 9-40-6 - Revenue bond issue for extension or improvement of utility.
- Section 9-40-7 - Additional revenue bonds authorized when original issue insufficient--Priorityof issues.
- Section 9-40-8 - Provision for additional bond issues of equal standing.
- Section 9-40-9 - Provision for extension or improvement of utility by additional bond issue--Junior to prior issues.
- Section 9-40-10 - Resolution or ordinance to refer to chapter--Purchase price for utility to bespecified.
- Section 9-40-11 - Ordinance provisions for utility operation and security of bondholders.
- Sections 9-40-12 to 9-40-14 - Repealed
- Section 9-40-15 - Bonds payable from revenue--Circumstances not requiring election.
- Section 9-40-15.1 - Collection of charges for sewerage, water services, and drainage basin utilitydistricts--Amount and basis of charges--Surcharge on water bills.
- Section 9-40-16 - Pledge of revenue to separate fund--Separate account for bond payments andreserve--Depreciation account and operational costs.
- Section 9-40-17 - Revenue pledged to payment of extension and improvement bonds--Priorpledge for original bond issue.
- Section 9-40-18 - Taxing power not used for payment of revenue bonds--Restriction on use ofother municipal funds.
- Section 9-40-19 - Chapter and resolution or ordinance incorporated in terms of bonds.
- Section 9-40-20 - Repealed.
- Section 9-40-21 - Separate or combined acquisition of utilities--Purchase price.
- Section 9-40-22 - Payment of purchase price by issuance of bonds.
- Section 9-40-23 - Bonds set apart for payment of underlying debt--Income set aside for debtretirement.
- Section 9-40-24 - Exchange of bonds for underlying debt--Application of proceeds to debt.
- Section 9-40-25 - Bondholders' statutory mortgage on utility--Disposition of utility prohibiteduntil bonds retired.
- Section 9-40-26 - Statutory lien continued until bonds paid.
- Section 9-40-27 - Enforcement by bondholders of statutory mortgage and requirements ofchapter.
- Section 9-40-28 - Rates to cover bond retirement and operational costs.
- Section 9-40-29 - Municipality to pay for services rendered by utility.
- Section 9-40-30 - Surplus transferred to depreciation account.
- Section 9-40-31 - Expenditures from depreciation account--Investment of accumulations.
- Sections 9-40-32, 9-40-33 - Surplus applied to other municipal or public purposes. Receivership on default or mismanagement--Powers of receiver
- Section 9-40-34 - Judicial approval of rates charged during receivership--Criteria forestablishment of rates.
- Section 9-40-35 - Termination of receivership and restoration of municipal control.
- Section 9-40-36 - Repealed.
- Section 9-40-37 - Sale and lease-back arrangements for waterworks and waste disposal facilities.
- Section 9-40-38 - Sale of waterworks and waste disposal facilities--Conditions.
- Section 9-40-39 - Tax exemption of waterworks and waste disposal facilities.