Rhode Island § 39-16-10 § 39-16-10. Power to issue bonds — Pledge of revenues.

Rhode Island Statutes

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

Rhode Island § 39-16-10

Title 39Public Utilities and Carriers

Ch. 39-16Kent County Water District

This text of Rhode Island § 39-16-10 (§ 39-16-10. Power to issue bonds — Pledge of revenues.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 39-16-10 (2026).

Text

§ 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.
         

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§ 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.