28F.4 USE OF PROCEEDS -- NEGOTIABILITY.
Revenue bonds may be issued, as provided in section 28F.3, to
provide all or any part of the funds required to finance the cost of
the acquisition, construction, reconstruction, repair, extension or
improvement of any project or projects or other purposes authorized
under this chapter and such cost shall include, but shall not be
limited to, administrative expenses, acquisition and construction
costs, engineering, fiscal or financial and legal expenses, surveys,
plans and specifications, interest during such construction,
reconstruction, repair, extension or improvement or acquisition and
for one year after completion of such construction, reconstruction,
repair, extension or improvement or after acquisition of the project
or projects, initial reserve funds, acquisition of real or personal
property, including franchises, and such other costs as are necessary
and incidental to the construction, reconstruction, repair, extension
or improvement, or acquisition of such project or projects and the
financing thereof. Such an entity shall have the power to retain and
enter into agreements with engineers, fiscal agents, financial
advisers, attorneys, architects or other consultants or advisers for
planning, supervision and financing of such project or projects upon
such terms and conditions as shall be deemed advisable and in the
best interest of the entity. Bonds issued under the provisions of
this chapter are declared to be investment securities under the laws
of the state of Iowa.
28F.4 USE OF PROCEEDS -- NEGOTIABILITY.
Revenue bonds may be issued, as provided in section 28F.3, to
provide all or any part of the funds required to finance the cost of
the acquisition, construction, reconstruction, repair, extension or
improvement of any project or projects or other purposes authorized
under this chapter and such cost shall include, but shall not be
limited to, administrative expenses, acquisition and construction
costs, engineering, fiscal or financial and legal expenses, surveys,
plans and specifications, interest during such construction,
reconstruction, repair, extension or improvement or acquisition and
for one year after completion of such construction, reconstruction,
repair, extension or improvement or after acquisition of the project
or projects, initial reserve funds, acquisition of real or personal
property, including franchises, and such other costs as are necessary
and incidental to the construction, reconstruction, repair, extension
or improvement, or acquisition of such project or projects and the
financing thereof. Such an entity shall have the power to retain and
enter into agreements with engineers, fiscal agents, financial
advisers, attorneys, architects or other consultants or advisers for
planning, supervision and financing of such project or projects upon
such terms and conditions as shall be deemed advisable and in the
best interest of the entity. Bonds issued under the provisions of
this chapter are declared to be investment securities under the laws
of the state of Iowa.
28F.4 USE OF PROCEEDS -- NEGOTIABILITY.
Revenue bonds may be issued, as provided in section 28F.3, to
provide all or any part of the funds required to finance the cost of
the acquisition, construction, reconstruction, repair, extension or
improvement of any project or projects or other purposes authorized
under this chapter and such cost shall include, but shall not be
limited to, administrative expenses, acquisition and construction
costs, engineering, fiscal or financial and legal expenses, surveys,
plans and specifications, interest during such construction,
reconstruction, repair, extension or improvement or acquisition and
for one year after completion of such construction, reconstruction,
repair, extension or improvement or after acquisition of the project
or projects, initial reserve funds, acquisition of real or personal
property, including franchises, and such other costs as are necessary
and incidental to the construction, reconstruction, repair, extension
or improvement, or acquisition of such project or projects and the
financing thereof. Such an entity shall have the power to retain and
enter into agreements with engineers, fiscal agents, financial
advisers, attorneys, architects or other consultants or advisers for
planning, supervision and financing of such project or projects upon
such terms and conditions as shall be deemed advisable and in the
best interest of the entity. Bonds issued under the provisions of
this chapter are declared to be investment securities under the laws
of the state of Iowa.
