§ 17-12-105 — Authority of ditch and water companies to issue bonds and mortgage property

Every corporation organized under the laws of Wyoming for the
purpose of constructing or operating a system of waterworks,
within the corporate limits of any city or town, and every ditch
and water company organized under the laws of Wyoming shall have
power, and is hereby authorized to mortgage or execute deeds of
trust in whole or in part, of their real and personal property
and franchises, to secure money borrowed by them for the
construction or operation of their waterworks, or ditches, and
may also issue their corporate bonds, to make all of said bonds
payable to bearer, or otherwise, negotiable by delivery and
bearing interest at such rates, and may sell the same at such
rates and prices as they may deem proper; and said bonds shall
be made payable at such times, and the principal and interest
thereof may be made payable within or without this state, at
such place or places as may be determined upon by said company.