Section 16575 Of Article 6. Indebtedness And Financing From California Public Utilities Code >> Division 7. >> Chapter 4. >> Article 6.
16575
. A district may issue bonds for the purpose of acquiring or
constructing any waterworks necessary or proper for carrying out the
objects and purposes of the district, in like manner as other bonds
are authorized to be issued under this division, and may pledge the
revenue, income, receipts, and profits from the operation of the
waterworks to the payment of the principal of and interest on the
bonds. A district may, if it so elects, declare the payment thereof
shall be made solely from the revenue, income, receipts, and profits.