Public Utilities and Carriers

Kent County Water District

SECTION 39-16-10

§ 39-16-10. Power to issue bonds – Pledge of revenues.

The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds for any of its corporate purposes and to secure the payment of the bonds as may be provided in the resolution or resolutions authorizing the bonds. Except as may be otherwise expressly provided by the authority, every issue of bonds by the authority shall be general obligations payable out of any moneys, earnings, or revenues of the authority, subject only to any agreements with the holders of particular bonds pledging any particular moneys, earnings, or revenues.

History of Section.
(P.L. 1946, ch. 1740, § 4; G.L. 1956, § 39-16-10.)