§ 35.67.194. Revenue bonds validated
Any and all water, sewer, or water and sewer revenue bonds part or all of which may have been heretofore (prior to June 8, 1955) issued by any city or town for the purpose of providing funds to pay part or all of the cost of acquiring, constructing, or installing a system of storm or surface water sewers or any part thereof necessary for the proper and efficient operation of a system of sanitary sewage disposal sewers or a sanitary sewage treatment plant, the proceedings for the issuance of which were valid in all other respects, are approved, ratified and validated, and are declared to be legal and binding obligations of such city or town, both principal of and interest on which are payable only out of the revenues of the utility or utilities pledged for such payment.
[1965 c 7 § 35.67.194. Prior: 1955 c 266 § 5.]
Sections: Previous 35.67.130 35.67.140 35.67.150 35.67.160 35.67.170 35.67.180 35.67.190 35.67.194 35.67.200 35.67.210 35.67.215 35.67.220 35.67.230 35.67.240 35.67.250 NextLast modified: April 7, 2009