(a) Bonds issued under the provisions of this subchapter shall be payable solely from the revenues derived from the waterworks system.
(b) The bonds shall not in any event constitute an indebtedness of the municipality within the meaning of the constitutional provisions or limitations.
(c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality within any constitutional or statutory limitation.
Section: Previous 14-234-204 14-234-205 14-234-207 14-234-208 14-234-209 14-234-210 14-234-211 14-234-212 14-234-213 14-234-214 14-234-215 14-234-216 14-234-217 14-234-218 NextLast modified: November 15, 2016