11-17-16 - Publication of resolutions and notice of bonds to be issued.
11-17-16. Publication of resolutions and notice of bonds to be issued.
(1) (a) The governing body may provide for the publication of any resolution or otherproceeding adopted by it under this chapter, including all resolutions providing for the sale orlease of any land by the municipality, county, or state university in connection with theestablishment, acquisition, development, maintenance, and operation of an industrial park.
(b) (i) The publication shall be:
(A) in a newspaper qualified to carry legal notices having general circulation in themunicipality or county; or
(B) in the case of a state university, in a newspaper of general circulation in the countywithin which the principal administrative office of the state university is located; and
(ii) as required in Section 45-1-101.
(2) In case of a resolution or other proceeding providing for the issuance of bonds, thegoverning body may, in lieu of publishing the entire resolution or other proceeding, publish anotice of bonds to be issued, titled as such, containing:
(a) the name of the issuer;
(b) the purpose of the issue;
(c) the name of the users, if known; and
(d) the times and place where a copy of the resolution or other proceeding may beexamined, which shall be at an office of the issuer, identified in the notice, during regularbusiness hours of the issuer as described in the notice and for a period of at least 30 days after thepublication of the notice.
(3) For a period of 30 days after publication any person in interest may contest thelegality of the resolution, proceeding, any bonds which may be authorized under them, or anyprovisions made for the security and payment of the bonds. After expiration of the 30-day periodno person may contest the regularity, formality, or legality of the resolution, proceedings, bonds,or security provisions for any cause.
Amended by Chapter 388, 2009 General Session