§ 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.
Structure Rhode Island General Laws
Title 39 - Public Utilities and Carriers
Chapter 39-16 - Kent County Water District
Section 39-16-1. - Definitions.
Section 39-16-2. - District created.
Section 39-16-3. - Board created.
Section 39-16-4. - Composition of board.
Section 39-16-5. - Officers and employees of board.
Section 39-16-6. - Compensation of members and agents.
Section 39-16-7. - Business prohibited to members.
Section 39-16-8. - Powers of authority.
Section 39-16-9. - Application of public utility law — Rate determination.
Section 39-16-10. - Power to issue bonds — Pledge of revenues.
Section 39-16-11. - Terms and sale of bonds — Refunding.
Section 39-16-12. - Covenants permissible in bond resolution.
Section 39-16-13. - Tax exemption.
Section 39-16-14. - Payments in lieu of taxes.
Section 39-16-15. - Pledge not to alter rights of authority.
Section 39-16-16. - Bonds as legal investments.
Section 39-16-17. - Money of authority.
Section 39-16-18. - Right to alter, amend, or repeal chapter.
Section 39-16-19. - Severability.
Section 39-16-20. - Supplementary powers.