Codified Laws

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9-41-1      Power of municipality to establish and operate telephone system--Connection and joint operation with rural telephone system.
9-41-1.1      Purchase of equipment for resale.
9-41-2      Revenue bonds authorized--Issuance--Sale--Segregated revenue or income.
9-41-3      Additional bonds authorized when original issue insufficient--Priority of issues.
9-41-4      Ordinance provisions for operation of system and security of bondholders.
9-41-5, 9-41-6.      Repealed.
9-41-7      Bondholders' statutory mortgage on telephone improvements--Disposition of system prohibited until bonds retired.
9-41-8      Pledge of telephone revenues to separate fund--Separate account for bond payments and reserve--Depreciation account and operational expenses.
9-41-9      Rates supervised by Public Utilities Commission--Sufficient for bond retirement and operation.
9-41-10      Transfer of surplus to depreciation account.
9-41-11      Severability of chapter and resolutions.

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