Title 14, Local Government

(1) Municipalities are authorized and empowered to acquire, by purchase or exercise of eminent domain:(1) Sites and rights-of-way to construct, reconstruct, widen, extend, and maintain streets, alleys, and roadways of every nature including, without limitation, bridges, tunnels, …

(a) Municipalities are authorized and empowered to issue revenue bonds from time to time in principal amounts sufficient to pay the costs of street and parking projects as they are defined in subsection (c) of this section. (b) More than one (1) street or parking project, or comb…

(a) Bonds shall be authorized by ordinance of the governing body of the municipality. (b) They may be coupon bonds, payable to bearer, or may be registrable as to principal only, with interest coupons, or may be registrable as to both principal and interest without coupons, and m…

(a) Bonds shall be executed by the manual or facsimile signature of the mayor of the municipality and by the manual signature of the clerk or recorder of the municipality. (b) Coupons attached to the bonds shall be executed by the facsimile signature of the mayor. (c) In case any…

(a) The bonds shall not be general obligations of the municipality involved but shall be special obligations payable solely from the revenues specified in § 14-302-110. (b) The principal of and interest on all bonds issued under the authority of this chapter shall be secured sole…

(1) The municipality involved may pledge and use all or any part of the following street and parking revenues for the payment of bonds issued by it as follows:(1) In the case of a parking project or of a street and parking project, the municipality is authorized to fix charges fo…

(a) Revenue bonds may be issued for the purpose of refunding any bonds issued under the authority of this chapter. (b) The refunding bonds may be combined into a single issue with revenue bonds issued for a street and parking project. (c) Refunding bonds may either be sold or del…

(a) Revenue bonds issued under the authority of this chapter are made securities in which insurance companies, trust companies, banks, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds including capital in their…

The principal of, and interest on, bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.