§ 18. Revenue Bonds

As an alternative procedure for the raising of funds, the district is hereby authorized to issue bonds, payable from revenues of any facility or enterprise to be acquired or constructed by the district, in the manner provided by the "Sanitation, Sewer and Water Revenue Bond Law of 1941," constituting Title 5, Division, 2, Part 1, Chapter 6 of the Government Code, as now or hereafter amended, all of the provisions of which are hereby made applicable to the district. The district is hereby declared to be a local agency within the meaning of said law. The district may issue revenue bonds under said law for any one or more facilities or enterprises authorized to be acquired, constructed or completed by the district or, in the alternative, may issue revenue bonds under said law for the acquisition, construction and completion of any one of such facilities and also issue bonds payable from assessments in accordance with the procedure provided by this act for any other of such facilities. Nothing in this act contained shall prevent the district from availing itself of or making use of any procedure provided hereunder for the issuance of bonds of any type or character for any of the facilities or works authorized hereunder, and all such proceedings may be carried on simultaneously or, in the alternative, as the trustees may determine.

(Stats.1952, 1st Ex.Sess., c. 17, p. 366, § 18.)