<?xml version='1.0' encoding='utf-8'?>
<section article="gen" article_name="Environment" number="9-932" title_number="9" title_name="Water, Ice, and Sanitary Facilities" subtitle_number="9" subtitle_name="Water and Sewer Authorities">
  <text>By resolution of its board of directors, an authority may:</text>
  <level label="1">
    <text>Issue bonds of the authority;</text>
  </level>
  <level label="2">
    <text>Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;</text>
  </level>
  <level label="3">
    <text>Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:</text>
    <level label="i">
      <text>A purchaser or holder of the bonds; or</text>
    </level>
    <level label="ii">
      <text>Any other person in connection with the bonds; and</text>
    </level>
  </level>
  <level label="4">
    <text>Provide generally for:</text>
    <level label="i">
      <text>The security for the bonds; and</text>
    </level>
    <level label="ii">
      <text>The rights of the holders of the bonds.</text>
    </level>
  </level>
</section>
