45-1993. Scope of resolution
A. Resolutions for a bond issue or issues shall state the amount of the proposed
issue or issues, the proposed interest rate and types and terms of bonds, that all other
methods of necessary financing by the authority have been found impractical, inadvisable
or inadequate and that the issuance of the bonds is necessary and advisable as proposed.
B. The authority chairman and secretary-treasurer shall sign the resolutions. In
support of the resolution the authority shall enter into its record pertinent
engineering, economic and financial data, appropriate maps, drawings, plans, outlines,
calculations, summaries and related agreements and any other essential information
constituting a record appropriate to the resolution.
C. The resolution may approve a bond issue to finance an entire plan or system or
any single or joint project, section or other facility of a related system or plan
proposed for ultimate integration and completion.
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