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CHAPTER 9-40

UTILITY FACILITIES AND REVENUE BONDS

9-40-1      Municipal power to acquire and operate utility systems--Types of services provided--Limits of service area.
9-40-2      Systems defined as utilities.
9-40-3      Combining of systems and services into single utility system.
9-40-4      Utility facilities outside municipal limits.
9-40-4.1      Water pollution prevention contracts.
9-40-4.2      Financial aid for sewerage and water facility systems--Federal contracts.
9-40-4.3      Contracts and creation of body for operation of sewerage and water facility systems.
9-40-5      Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.
9-40-6      Revenue bond issue for extension or improvement of utility.
9-40-7      Additional revenue bonds authorized when original issue insufficient--Priority of issues.
9-40-8      Provision for additional bond issues of equal standing.
9-40-9      Provision for extension or improvement of utility by additional bond issue--Junior to prior issues.
9-40-10      Resolution or ordinance to refer to chapter--Purchase price for utility to be specified.
9-40-11      Ordinance provisions for utility operation and security of bondholders.
9-40-12 to 9-40-14. Repealed.
9-40-15      Bonds payable from revenue--Circumstances not requiring election.
9-40-15.1      Collection of charges for sewerage, water services, and drainage basin utility districts--Amount and basis of charges--Surcharge on water bills.
9-40-16      Pledge of revenue to separate fund--Separate account for bond payments and reserve--Depreciation account and operational costs.
9-40-17      Revenue pledged to payment of extension and improvement bonds--Prior pledge for original bond issue.
9-40-18      Taxing power not used for payment of revenue bonds--Restriction on use of other municipal funds.
9-40-19      Chapter and resolution or ordinance incorporated in terms of bonds.
9-40-20      Repealed.
9-40-21      Separate or combined acquisition of utilities--Purchase price.
9-40-22      Payment of purchase price by issuance of bonds.
9-40-23      Bonds set apart for payment of underlying debt--Income set aside for debt retirement.
9-40-24      Exchange of bonds for underlying debt--Application of proceeds to debt.
9-40-25      Bondholders' statutory mortgage on utility--Disposition of utility prohibited until bonds retired.
9-40-26      Statutory lien continued until bonds paid.
9-40-27      Enforcement by bondholders of statutory mortgage and requirements of chapter.
9-40-28      Rates to cover bond retirement and operational costs.
9-40-29      Municipality to pay for services rendered by utility.
9-40-30      Surplus transferred to depreciation account.
9-40-31      Expenditures from depreciation account--Investment of accumulations.
9-40-32      Surplus applied to other municipal or public purposes.


9-40-33      Receivership on default or mismanagement--Powers of receiver.
9-40-34      Judicial approval of rates charged during receivership--Criteria for establishment of rates.
9-40-35      Termination of receivership and restoration of municipal control.
9-40-36      Repealed.
9-40-37      Sale and lease-back arrangements for waterworks and waste disposal facilities.
9-40-38      Sale of waterworks and waste disposal facilities--Conditions.
9-40-39      Tax exemption of waterworks and waste disposal facilities.
9-40-40      Sale and lease-back powers additional--Restrictions.
9-40-41      Drainage utility fund--Fees.


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