19-2896. Same; revenue bonds for capital improvements.
19-2896
19-2896. Same; revenue bonds for capital improvements.
The county park district board may issue revenue bonds to finance the
cost of purchasing and constructing revenue producing capital improvements,
and such bonds shall be a specific lien upon properties and facilities
constructed and improved and the revenue derived therefrom including fees
of all kinds, including tolls, charges and other revenues which may be
pledged for their payment; 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 bonds.
History: L. 1963, ch. 193, § 15; June 30.