Wyoming § 41-10-134 Date of bonds; maturity; payment and rate of
interest; when and where payable; privileges for registration;
prerequisite to reissuance upon loss

Wyoming Statutes

§ 41-10-134 — Date of bonds; maturity; payment and rate of interest; when and where payable; privileges for registration; prerequisite to reissuance upon loss

Wyoming·Title 41 Water·Ch. 10 WATER AND SEWER DISTRICT LAW

General obligation bonds, revenue bonds or special assessment
bonds herein authorized to be issued shall bear a date or dates,
shall mature in a denomination or denominations at the time or
times not exceeding the estimated life of the improvements
acquired with the bond proceeds and in no event not more than
thirty (30) years from their date, shall bear interest payable
annually, or at a lesser interval or intervals as may be
prescribed by resolution, shall be payable in a medium of
payment at the place or places within or without the state of
Wyoming, and at the option of the board may be in one (1) or
more series, may be made subject to prior redemption in advance
of maturity at the time or times without or with the payment of
the premium or premiums not exceeding five percent (5%) of t

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General obligation bonds, revenue bonds or special assessment
bonds herein authorized to be issued shall bear a date or dates,
shall mature in a denomination or denominations at the time or
times not exceeding the estimated life of the improvements
acquired with the bond proceeds and in no event not more than
thirty (30) years from their date, shall bear interest payable
annually, or at a lesser interval or intervals as may be
prescribed by resolution, shall be payable in a medium of
payment at the place or places within or without the state of
Wyoming, and at the option of the board may be in one (1) or
more series, may be made subject to prior redemption in advance
of maturity at the time or times without or with the payment of
the premium or premiums not exceeding five percent (5%) of the
principal amount of the bond so redeemed, may provide for the
payment of interest thereon from the proceeds thereof for a
period not to exceed three (3) years from the date thereof, may
be issued with privileges for registration for payment as to
principal or interest, or both, and generally shall be issued in
a manner, in a form, with recitals, terms, covenants and
conditions, and with other details as may be provided by the
board in the resolution or resolutions authorizing the bonds,
except as herein otherwise provided. Pending preparations of the
definite bonds, interim receipts or certificates in a form and
with such provisions as the board determines may be issued.
Except for payment provisions herein specifically provided, the
bonds, interest coupons thereto attached, and interim receipts
or certificates shall be fully negotiable within the meaning of
and for all the purposes of the Uniform Commercial
Code-Investment Securities. If lost or completely destroyed, a
bond may be reissued in the form and tenor of the lost or
destroyed bond upon the owner furnishing, to the satisfaction of
the governing body, (a) proof of ownership, (b) proof of loss or
destruction, (c) a surety bond in twice the face amount of the
bond and coupons, and (d) payment of the cost of preparing and
issuing the new bond.

Wyoming § 41-10-134 (Date of bonds; maturity; payment and rate of interest; when and where payable; privileges for registration; prerequisite to reissuance upon loss) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.