Whenever any municipality issues refunding bonds under the provisions of this part 2, the governing body shall direct that the clerk of said municipality, as a part of said clerk's duties, register said bonds in a book to be kept by him for that purpose, and, when so registered, the legality thereof shall not be open to contest by such municipality, or by any other person or corporation in behalf of such municipality for any reason whatever. It is the duty of the clerk to register said bonds, noting the principal amount, the date of issuance and maturity, and the rate of interest of said bonds.
Source: L. 75: Entire title R&RE, p. 1141, § 1, effective July 1.
Editor's note: This section is similar to former § 31-21-212 as it existed prior to 1975. 31-21-213. Redemption of refunding bonds prior to maturity - procedures. (1) If any bonds of a municipality, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 31-15-302 (1)(d), are made redeemable prior to their respective maturities and the governing body determines that any part of such bonds should be called for redemption according to their terms, it is the duty of the clerk of such municipality, as soon as the governing body has authorized the redemption, to cause notice to be given of such action.
Such notice shall be given by publication at least once in a newspaper customarilyused by said municipality for legal notices at least thirty days prior to the date on which said bonds are to be redeemed and paid. Such notice shall contain the date and place on which said bonds shall be redeemed and paid, shall describe the bonds by their legal designation, date, number, and amount, and shall state that after the date so fixed for redemption and payment the interest on said bonds shall cease.
After the date so fixed for redemption and payment, the bonds so called for redemption and payment shall cease to draw interest.
Source: L. 75: Entire title R&RE, p. 1141, § 1, effective July 1.
Editor's note: This section is similar to former § 31-21-213 as it existed prior to 1975.