PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1240.Same; city not obligated; sale to federal government; lien on
revenues.
Said revenue bonds shall not constitute in any case, a general
obligation of such city, and said bonds, if and when issued, shall in no
wise be taken into consideration or account as a limitation on the power of
such city to issue bonds for any and all other purposes heretofore or
hereafter authorized by law, with relation to a limitation upon the bonded
indebtedness of said city.
The governing body of any such city may contract for the sale of said
bonds to the government of the United States, under the provisions of the
national industrial recovery act and the regulations made in pursuance
thereof, to procure funds for the improvement, construction, reconstruction
or repair of the public levees, docks, wharves, river terminals, grain
elevator terminal docks, storage, railroad and all other necessary
facilities, on such terms and conditions as in the judgment of said
governing body will be to the best interest of such city and may create a
lien on the revenues to be obtained from such property and facilities and
pledge the same to the payment of said revenue bonds and interest thereon.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1240.Same; city not obligated; sale to federal government; lien on
revenues.
Said revenue bonds shall not constitute in any case, a general
obligation of such city, and said bonds, if and when issued, shall in no
wise be taken into consideration or account as a limitation on the power of
such city to issue bonds for any and all other purposes heretofore or
hereafter authorized by law, with relation to a limitation upon the bonded
indebtedness of said city.
The governing body of any such city may contract for the sale of said
bonds to the government of the United States, under the provisions of the
national industrial recovery act and the regulations made in pursuance
thereof, to procure funds for the improvement, construction, reconstruction
or repair of the public levees, docks, wharves, river terminals, grain
elevator terminal docks, storage, railroad and all other necessary
facilities, on such terms and conditions as in the judgment of said
governing body will be to the best interest of such city and may create a
lien on the revenues to be obtained from such property and facilities and
pledge the same to the payment of said revenue bonds and interest thereon.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1240.Same; city not obligated; sale to federal government; lien on
revenues.
Said revenue bonds shall not constitute in any case, a general
obligation of such city, and said bonds, if and when issued, shall in no
wise be taken into consideration or account as a limitation on the power of
such city to issue bonds for any and all other purposes heretofore or
hereafter authorized by law, with relation to a limitation upon the bonded
indebtedness of said city.
The governing body of any such city may contract for the sale of said
bonds to the government of the United States, under the provisions of the
national industrial recovery act and the regulations made in pursuance
thereof, to procure funds for the improvement, construction, reconstruction
or repair of the public levees, docks, wharves, river terminals, grain
elevator terminal docks, storage, railroad and all other necessary
facilities, on such terms and conditions as in the judgment of said
governing body will be to the best interest of such city and may create a
lien on the revenues to be obtained from such property and facilities and
pledge the same to the payment of said revenue bonds and interest thereon.