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SB 195, 54th Regular Session
Relating to providing that any city or town having outstanding revenue bonds issued for the purpose of acquiring, extending or improving its electric light and power system and gas system, or in part for such purpose and in part to refund bonds theretofore issued for such purpose or purposes, which revenue bonds are secured by ordinance or trust indenture vesting management and control of such systems in a board of trustees, shall act through such board of trustees in the authorization of additional revenue bonds for improving or extending such systems or refunding outstanding revenue bonds; imposing certain powers in such boards of trustees for such purposes; providing for the manner of the execution of such bonds; authorizing such boards of trustees to sell and convey property which is no longer needed or useful; providing that such act shall take precedence over conflicting statutes and charter provisions.
Author: Oswald E. "Ozzie" Latimer
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