Wyoming § 41-10-132 Bonds not to be debt of district; exception as
to general obligation bonds; bonds to recite that principal and
interest payable solely from revenues

Wyoming Statutes

§ 41-10-132 — Bonds not to be debt of district; exception as to general obligation bonds; bonds to recite that principal and interest payable solely from revenues

Wyoming·Title 41 Water·Ch. 10 WATER AND SEWER DISTRICT LAW

Except for general obligation bonds, bonds issued pursuant to
this act shall not be a debt of the district, and the district
shall not be liable thereon, nor shall it thereby pledge its
full faith and credit for their payments, nor shall the bonds be
payable out of any funds other than the revenues, special
assessments, or other moneys pledged to the payment thereof.
Each such bond issued under this act shall recite in substance
that said bond and the interest thereon are payable solely from
the revenues, special assessments or other moneys pledged to the
payment thereof. The payment of bonds shall not be secured by an
encumbrance, mortgage or other pledge of property of the
district, except for revenues, income, tax proceeds and other
moneys pledged for the payment of bonds. No property o

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Except for general obligation bonds, bonds issued pursuant to
this act shall not be a debt of the district, and the district
shall not be liable thereon, nor shall it thereby pledge its
full faith and credit for their payments, nor shall the bonds be
payable out of any funds other than the revenues, special
assessments, or other moneys pledged to the payment thereof.
Each such bond issued under this act shall recite in substance
that said bond and the interest thereon are payable solely from
the revenues, special assessments or other moneys pledged to the
payment thereof. The payment of bonds shall not be secured by an
encumbrance, mortgage or other pledge of property of the
district, except for revenues, income, tax proceeds and other
moneys pledged for the payment of bonds. No property of the
district, subject to said exceptions, shall be liable to be
forfeited or taken in payment of the bonds.

Wyoming § 41-10-132 (Bonds not to be debt of district; exception as to general obligation bonds; bonds to recite that principal and interest payable solely from revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.