48-2441. Purposes for which bonds may be
issued
As soon as practicable after the organization of an agricultural improvement
district, or at any time thereafter when funds available have been exhausted and it is
necessary to raise additional funds for such purposes, the board of directors shall
estimate and determine the amount of money necessary to be raised for the following
purposes:
1. To acquire property or property rights necessary or useful for the district, or
for the construction, enlargement, extension, improvement, completion or renewal of any
irrigation or flood control works, structures and appliances necessary for the
development, storage, regulation, control or distribution of water for the irrigation of
lands within the district, for the drainage of lands in the district or for flood control
purposes.
2. To construct power plants, power transmission lines, lines of communication and
appliances incident thereto, including rights-of-way, property and property rights
necessary therefor, intended or designed for use in connection with the development,
storage, regulation, control and distribution of water for the irrigation of lands in the
district, or for the drainage thereof.
3. To provide, under and by means of any contract, agreement or arrangement
authorized by this chapter, for the development, storage, regulation, control, delivery
and distribution of water for irrigation of lands within the district, or drainage of
water from such lands, or for disposal of such drainage water, or for the construction,
extension, renewal, replacement, improvement, enlargement, maintenance, operation and
control of irrigation or drainage works within the district, used or useful for the
irrigation or drainage of any of the lands in the district, whether or not such works are
actually owned by the district.
4. To provide power or any means of communication for the use of owners or
occupants of land within the district.
5. To reduce the cost of irrigation, drainage and power to the owners of the lands
in the district by the sale of surplus water or power produced, owned or controlled by
the district, and the construction, maintenance, extension, replacement, financing and
refinancing of the works useful for such purpose.
6. To finance or refinance as its own obligation all or any part of the debts
incurred or proposed to be incurred by any public or private agency in the construction,
maintenance, improvement or replacement of the structures and equipment necessary or
useful for the accomplishment of any of the purposes set forth in this section.
7. To carry out the provisions of this chapter not otherwise provided by this
section.
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