Wyoming § 37-13-127 Issuance of bonds

Wyoming Statutes

§ 37-13-127 — Issuance of bonds

Wyoming § 37-13-127

Title 37Public Utilities

Ch. 13LOCAL IMPROVEMENT DISTRICTS

This text of Wyoming § 37-13-127 (Issuance of bonds) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 37-13-127 (2026).

Text

After the expiration of thirty (30) days from the date of the
adoption of the resolution levying the assessments, the
governing body may issue negotiable interest-bearing bonds in a
principal amount not exceeding the unpaid balance of the
assessments levied. The bonds shall bear interest payable
semiannually or annually and shall mature serially over a period
not exceeding twenty (20) years, but in no event shall the bonds
extend over a longer period of time than the period of time over
which the installments of special assessments are due and
payable and ninety (90) days thereafter. The bonds shall be of a
form and denomination and shall be payable in principal and
interest at times and places and shall be sold, authorized and
issued in a manner, as the governing body may determine. The
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After the expiration of thirty (30) days from the date of the
adoption of the resolution levying the assessments, the
governing body may issue negotiable interest-bearing bonds in a
principal amount not exceeding the unpaid balance of the
assessments levied. The bonds shall bear interest payable
semiannually or annually and shall mature serially over a period
not exceeding twenty (20) years, but in no event shall the bonds
extend over a longer period of time than the period of time over
which the installments of special assessments are due and
payable and ninety (90) days thereafter. The bonds shall be of a
form and denomination and shall be payable in principal and
interest at times and places and shall be sold, authorized and
issued in a manner, as the governing body may determine. The
bonds shall be dated no earlier than the date on which the
special assessment shall begin to bear interest and shall be
secured by and payable from the irrevocable pledge of the funds
derived from the levy and collection of the special assessments
in anticipation of the collection of which they are issued. Any
premium received on the sale of the bonds shall be placed in the
fund for the payment of principal and interest on the bonds. The
bonds shall be callable for redemption from the proceeds of the
sale of property sold for the nonpayment of special assessments
but not otherwise unless the bonds on the face thereof provide
for redemption prior to maturity. The governing body may provide
that the bonds shall be redeemable on interest payment date or
dates prior to maturity pursuant to notice and at premiums as it
deems advisable. The bonds shall be signed by a member of the
governing body designated by the governing body and shall be
countersigned by the city recorder or the clerk of the board of
the town trustees or the clerk of the board of the county
commissioners, whichever is applicable, and one (1) of the
signatures may be a facsimile signature. Interest may be
evidenced by interest coupons attached to the bonds and signed
by a facsimile signature of one (1) of the individuals who
signed the bond.