19-2776. Same; issuance of revenue bonds; lien.
19-2776
19-2776. Same; issuance of revenue bonds; lien.
That the board of directors may issue revenue bonds to finance the cost
of constructing or purchasing revenue producing works and such bonds shall
be a specific lien upon such works and the revenues derived therefrom and
shall, in no case, be a debt that is guaranteed or secured by any other
property within the district and no special election shall be required to
authorize the issuance of such revenue bonds and such revenue bonds shall
not be taken into account or in anywise be a limitation upon the power of
said improvement district board of directors to issue bonds for any other
purpose.
History: L. 1945, ch. 180, § 24; L. 1953, ch. 152, § 2; March 31.