§54-61  Bond sales.  The sale of bonds
for purposes of the board of water supply shall be subject to the approval of
the council of the county; when approved by the council, the treasurer of the
county shall sell any bonds that are authorized for the acquisition,
construction, replacement, extension, or completion of any of the waterworks
and water systems under the jurisdiction of the board of water supply; provided
that the sales shall otherwise be conducted in accordance with the procedure
specified by law for the sale of the bonds. The proceeds from the sales shall
be kept by the county treasurer in a special fund to be used only for the
purpose or purposes for which the bonds are sold. [L 1949, c 86, §11; RL 1955,
§146-110; HRS §54-61; am L 1998, c 124, §5]