Wyoming Statutes
§ 15-7-209 — Sale of power plant; disposition of monies received
Wyoming § 15-7-209
This text of Wyoming § 15-7-209 (Sale of power plant; disposition of monies received) 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. § 15-7-209 (2026).
Text
All monies received from the sale of property under this article
shall be kept in a separate fund and be first used as necessary
to pay current bills and unsecured obligations outstanding on
account of the operation of the plant until it is turned over to
the purchaser. The remainder of the proceeds of the sale shall
be used for redemption of any bonds issued by the city or town
for the purchase or erection and construction of the works or
plant. The money shall not be expended or mixed with other
funds of the city or town but shall be applied wholly towards
the redemption of the bonds, together with the accumulated
interest. If the property sold brings an amount in excess of
the current bills, unsecured obligations and the outstanding
bonds, the excess shall be placed in a sinking fund to
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Nearby Sections
15
§ 15-7-101
Purposes§ 15-7-108
Bonds; cancellation§ 15-7-109
Limitations on indebtedness; exceptions§ 15-7-110
Custody of fundsCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 15-7-209, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/7/15-7-209.