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The state, board of regents institutions, counties, townships, school districts, community colleges, cities, and other public entities, and every person acting as contracting agent for any such entity, shall, when issuing bonds or other obligations, m...
An instrument payable on demand becomes overdue at the earliest of the following times: on the day after the day demand for payment is duly made; if the instrument is a check, ninety days after its date; or if the instrument is not a check, when the i...
The governing body of a city utility, combined utility system, city enterprise, or combined city enterprise which has on hand surplus funds, after making all deposits into all funds required by the terms, covenants, conditions, and provisions of outst...
Tagged topics: bondsrevenue bonds
An action shall not be brought which questions the legality of general obligation bonds or the power of the county to issue the bonds or the effectiveness of any proceedings relating to the authorization and issuance of the bonds from and after sixty ...
Negotiation is effective even if obtained from an infant, a corporation exceeding its powers, or a person without capacity; by fraud, duress, or mistake; or in breach of duty or as part of an illegal transaction. To the extent permitted by other law, ...
For purposes of this section: “Bonds” means bonds, notes, or other evidences of indebtedness issued under this section. “Chargeable expenses” means expenses charged by the utilities board and th e consumer advocate division of the department of ...
Presentment for payment or acceptance of an instrument is excused if the person entitled to present the instrument cannot with reasonable diligence make presentment; the maker or acceptor has repudiated an obligation to pay the instrument or is dead o...
As used in this subchapter, unless the context otherwise requires: “General obligation bond” means a negotiable bond issued by a city and payable from the levy of unlimited ad valorem taxes on all the taxable property within the city through its de...
In an action for breach of an obligation for which a third person is answerable over pursuant to this Article or Article 4, the defendant may give the third person written notice of the litigation, and the person notified may then give similar not...
The enumeration in this subchapter of specified powers and functions is not a limitation of the powers of cities, but the provisions of this subchapter and the procedures prescribed for exercising the powers and functions enumerated in this subch...
Tagged topics: bondsrevenue bonds