§48E-2  County powers.  In addition toany other powers provided by law, a county may:

(1)  Subject to the approval of the governing body ofthe county, enter into, amend, supplement, and carry out a project agreementwith a project party, and enter into and carry out any other agreement wherebythe obligations of a project party under a project agreement shall beunconditionally guaranteed or insured by, or the performance thereof assignedto, a person other than the project party;

(2)  By separate ordinance, approved by two-thirds ofthe members to which the governing body of the county is entitled, issuespecial purpose revenue bonds pursuant to this chapter in such principalamounts as may be necessary to finance the cost of the pollution control project;

(3)  Lend or otherwise apply the proceeds of thespecial purpose revenue bonds issued for a pollution control project, eitherdirectly or through a trustee or a project party, for use and application bythe project party in the acquisition, construction, installation, ormodification of a pollution control project, or agree with the project partywhereby any of these activities shall be undertaken or supervised by thatproject party or by a person designated by the project party;

(4)  As security for the payment of the principal ofand interest on special purpose revenue bonds issued to finance the costs ofthe pollution control project and any related agreement:

(A)  Pledge, assign, hypothecate, or otherwiseencumber all or any part of the revenues and receipts derived or to be derivedby the county under the project agreement;

(B)  Pledge and assign the interests and rightsof the county under the project agreement or other agreement with respect tosuch pollution control project;

(C)  Pledge and assign any bond, debenture,note, or other evidence of indebtedness received by the county with respect tosuch pollution control project; or

(D)  Any combination of the foregoing;

(5)  With or without terminating a project agreement,exercise any and all rights provided by law for entry and reentry upon or totake possession of a pollution control project at any time, or from time totime, upon breach or default by a project party under a project agreement,including any action at law or in equity for the purpose of effecting itsrights of entry or reentry or obtaining possession of the project or for thepayments of the rentals, user taxes, or charges or any other sums due andpayable by the project party to the county pursuant to the project agreement;and

(6)  Do all things necessary or proper to carry outthe purposes of this chapter. [L 1983, c 237, pt of §2]