Examples of Municipal Bond Act in a sentence
The Board of County Commissioners may issue bonds under the provisions of the Utah Municipal Bond Act to pay any costs incurred for the purposes set forth above and may pledge the entire proceeds of the tax provided for in this Article to the payment of principal, interest, premiums and necessary reserves for any such bonds.
Bond counsel must provide an opinion that the bonds are legal and binding under applicable Utah law (including, if applicable, the Utah Municipal Bond Act).
The Municipal Bond Act requires that an election be held prior to the issuance of general obligation bonds.
Title 11, Chapter 27 of the South Carolina Code as amended, provides that if an election be prescribed by the provisions of the Municipal Bond Act, but is not required by the provisions of Article X of the Constitution, then in every such instance, no election need be held (notwithstanding the requirement therefor) and the remaining provisions of the Municipal Bond Act shall constitute a full and complete authorization to issue bonds in accordance with such remaining provisions.
The Municipal Bond Act provides that as a condition precedent to the issuance of bonds an election be held and the result be favorable thereto.
Being aware of other activities afforded by a place may also play a prominent role as those activities could fit into the touring cyclist intentions or preferences.
Pursuant to the Municipal Bond Act, the municipal council of any municipality may issue general obligation bonds of such municipality for any corporate purpose of such municipality to any amount not exceeding the constitutional debt limit applicable.
The procedures for bond approval will be substantially the same as required by the Utah Municipal Bond Act as it applies to cities and towns.
Bond IssueIn accordance with Belize City Council (Municipal Bond) Act, 2012 (the Bond Act), the Council issued Municipal Bonds in 2012 and 2013 in the aggregate amount of $19.97m, which mature in installments (serial bonds) ranging over a period of 2 years to 10 years, with interest rates varying from 3½% to 8% per annum.
The procedures for bond approval will be substantially the same as required by the Utah Municipal Bond Act.