48-142. Powers of district
In the exercise of the powers granted the district by law, the district shall have
the additional power:
1. To issue its bonds to finance the costs of any undertaking.
2. To pledge to the punctual payment of the bonds and interest thereon an amount of
the revenue from the undertaking, including improvements or extensions thereafter
constructed or acquired, sufficient to pay the bonds and interest as they become due, and
to create and maintain reasonable reserves therefor. The amount pledged may consist of
all or any part of such revenue. The board of directors, in determining the cost of the
undertaking, may include all costs and estimated costs of the issuance of the bonds, all
engineering, inspection, fiscal and legal expenses, and interest which it is estimated
will accrue on money borrowed or which will be borrowed during the construction period
for six months thereafter.
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