43-2112 METHOD OF RAISING FUNDS OR ISSUING FUNDS OR OTHER SECURITIES. - Idaho Statutes

TITLE 43

IRRIGATION DISTRICTS

CHAPTER 21

DEBT READJUSTMENT PLANS FOR IRRIGATION DISTRICTS, DRAINAGE DISTRICTS, AND HIGHWAY DISTRICTS

43-2112. Method of raising funds or issuing funds or other securities. Any funds, bonds or other securities which the district, under the plan of settlement, proposes to pay or deliver in satisfaction of any outstanding indebtedness, however evidenced, shall be raised, authorized and issued in the manner provided by the laws of the state of Idaho relating thereto, and this act shall not be construed as vesting in the board of directors of the district the power to provide money or authorize or issue bonds or securities in any other manner.