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Section 41-10-124 - Authority of District to Borrow Money; Types of Securities Permitted to Evidence Borrowing; Exemption of Securities From Taxation.

WY Stat § 41-10-124 (2019) (N/A)
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41-10-124. Authority of district to borrow money; types of securities permitted to evidence borrowing; exemption of securities from taxation.

(a) A district may borrow money and issue the following securities to evidence such borrowing:

(i) Short-term notes;

(ii) General obligation bonds and other like securities;

(iii) Revenue bonds and other like securities; and

(iv) Special assessment bonds and other like securities.

(b) Any such securities of a district shall be exempt from taxation when owned by actual residents of the state, provided, that the owner or owners thereof shall list the same annually on their assessment schedule, as from time to time amended and supplemented.

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Section 41-10-123 - Repealed by Laws 1998, Ch. 115, § 5.
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Section 41-10-125 - Borrowing Money Without Election in Anticipation of Collection of Taxes; Issuance of Short-Term Notes.