§ 41-3-753 — Bonds; authority of board to issue; purpose; terms; execution; tax exemptions

Wyoming § 41-3-753

• Jurisdiction: Wyoming
• Title 41: Water
• Ch. 3: WATER RIGHTS; ADMINISTRATION AND CONTROL
• Art. 7: WATER CONSERVANCY DISTRICTS

Text

To pay for construction, operation and maintenance of the works
and expenses preliminary and incidental thereto, the board is
hereby authorized to enter into contract with the United States
or an agency thereof, providing for payment in installments or
to issue negotiable bonds of the district. If bonds are
authorized, the same shall bear interest payable semiannually
and shall be due and payable not less than ten (10) nor more
than fifty (50) years from their dates. The form, terms and
provisions of bonds, provisions for their payment and conditions
for their retirement and calling, not inconsistent with law,
shall be vested and determined by the board and they shall be
issued as hereinafter provided in payment of the works,
equipment, expenses and interest during the period of
construction. Bonds shall be executed in the name of and on
behalf of the district and signed by the president of the board
with the seal of the district affixed thereto and attested by
the secretary of the board. Bonds shall be in denominations as
the board determines and shall be payable to the bearer and may
be registered in the office of the county treasurer of the
county wherein the organization of the district has been
effected, with the interest coupons payable to bearer, which
shall bear the facsimile signature of the president of the
board. The bonds are exempt from all state, county, municipal,
school and other taxes imposed by any taxing authority of the
state of Wyoming and shall not be sold at less than par and
accrued interest.