Editor's Note

Former Sections 58-19-60 to 58-19-170 were derived from 1975 (59) 321.

Former Section 58-19-60 was entitled "Nature of bonds issuable by Commission; issuance of bond anticipation notes".

Former Section 58-19-70 was entitled "Security for bonds issued by Commission; provisions in trust indenture or proceedings authorizing bonds".

Former Section 58-19-80 was entitled "Letting of contracts".

Former Section 58-19-90 was entitled "Necessary findings prior to acquisition of railroad and equipment".

Former Section 58-19-100 was entitled "Commission may provide that bond proceeds be disbursed during construction; limitation of obligation of Commission".

Former Section 58-19-110 was entitled "Records of additional acquisitions shall be kept separately".

Former Section 58-19-120 was entitled "Application of proceeds from sale of bonds; elements of cost of acquiring railroad or equipment".

Former Section 58-19-130 was entitled "Refunding bonds".

Former Section 58-19-140 was entitled "Bonds shall be lawful investments".

Former Section 58-19-150 was entitled "Exemption from taxation".

Former Section 58-19-160 was entitled "Issuance of bonds must be approved by State Budget and Control Board; procedure for obtaining approval." [1994 Act No. 426, Section 4, purported to amend Section 58-19-160, but was without effect due to the prior repeal of this section in 1993.]

Former Section 58-19-170 was entitled "Commission may act at regular or special meeting and without publication of proceedings".