9-52 MUNICIPAL AUDITORIUMS
Power to construct, operate, and maintain auditorium.
Lease of auditorium or convention center--Terms--Rent.
Power to create auditorium board.
Auditorium revenue bonds authorized--Purposes for which proceeds used.
Authorization, issuance and sale of bonds--Vote required.
Municipal indebtedness not authorized by chapter.
Revenue bonds payable solely from auditorium revenues--Credit and taxing
powers not pledged.
Auditorium revenues appropriated to special fund--Operating expenses paid
from fund--Net revenue pledged to separate account for bond retirement and
Covenants and agreements with bondholders for administration and security of
bonds--Bondholders' right to compel performance.
Findings and determinations as binding covenants.
Reference to authorizing resolutions for matters not covered in bonds--Negotiability.
9-52-13, 9-52-14. Repealed.
Bondholders' statutory mortgage on auditorium property--Enforcement of lien
and compelling performance of duties.
Admission charges and auditorium rentals--Adequacy for expenses, return on
municipal investment and retirement of bonds.
Operation for purpose of profit prohibited.
Municipality and board exempt from liability for negligence of officers and
employees--Employees' rights preserved.
9-52-19 to 9-52-22. Repealed.
General powers of auditorium board--Copies of board proceedings as evidence.
Custody and disbursement of auditorium funds--Petty cash fund.
Annual report by auditorium board to governing body--Records subject to
Auditorium board governed by terms of bonds and resolutions.
Receivership on default in bonds or dissipation of auditorium assets--Powers
of receiver--Termination of receivership.
Severability of chapter and resolutions.
Sale and lease-back arrangements--Tax exemption.
Sale and lease-back arrangements--Validation of prior actions.
Sale and lease-back arrangements--Powers additional.