43-2552 BONDS PAYABLE FROM FUND. - Idaho Statutes

TITLE 43

IRRIGATION DISTRICTS

CHAPTER 25

LOCAL IMPROVEMENT DISTRICTS

43-2552. Bonds payable from fund. Whenever a district has created a local improvement guarantee fund, under the provisions of this act, any local improvement district bonds issued thereafter shall provide that the principal sum of such bonds and the interest thereon shall be payable out of the local improvement fund created for the payment of cost and expenses of the improvement or out of any local improvement guarantee fund, duly authorized and created, and not otherwise.