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6 1 provided in said resolution. Such sinking fund and any ^reserve or con- 2 tingency fund, or both, for which provision may be made in the reso- 3 lution authorizing the bonds may be kept on deposit in any bank or 4 banks within or without the state which may be designated in such 5 resolution. The resolution authorizing such bonds may contain such 6 covenants with the future holder or holders of the bonds as to the. 7 management and operation of the works or properties, the imposition 8 and collection of rates and charges for the products or services fur- 11 nished thereby, the dispositiop of such rates and revenues, the issuance 10 of future bonds and the creation of future liens and encumbrances 11 against said works or properties and tfie revenues thereof, the carrying 12 of insurance on the properties constituting such works, the disposi- 13 tion- of the proceeds of any such insurance, and other pertinent matters 14 ? as may' be deemed neeessary by the governing body to. assure the 15 marketability of such bonds; provided, such covenants are hpt incon- 16 sistent. with the provisions, of this act. When any district shall issue 17 bonds hereunder and shall have pledged the revenues of any works or 18 properties for the payment thereof as herein provided, such district 19 shall impose and collect rates and charges for the products and services 20 furnished by such works or properties in such amounts and at such 21 rates as shall be fully sufficient at all times to pay the expenses of 22 operating and maintaining such works or properties, provide a sinking 23 fund sufficient to assure the prompt payment of principal of , and 24 interest on the bonds as each falls due, provides such reasonable fund 25 fpr contingepcies as may be required by the resolution authorizing 26 bonds and provide an adequate depreciation fund for such repairs, 27 extensions and improvements to the works or properties as may be 28 necessary to assure adequate and efficient service to the,, public. No 29 board or commission other than the governing body of the district 30 shall have authority to fix or supervise the making of such rates and 31 charges. The governing body of any district which shall have issued 32 bonds payable from revenues under the provisions of this law may 33 authorize the issuance of bonds for the purpose of refunding such out- 34 standing bonds. Such refunding bonds may either be sold and the 35 proceeds applied to the retirement of the outstanding bonds, or may be 36 delivered in exchange for the outstanding bonds. The refunding 37 bonds shall be authorized in all respects as original bonds are herein 38 required to be authorized, and the governing body in authorizing the 39 refunding bonds shall provide for the security of such bonds and the 40 source from which such bonds are to be paid and for the rights of the 41 holders thereof in all respects as herein authorized to be provided for 42 other bonds issued under authority of this act. The governing body 43 may also provide that the refunding bonds shall have the same priority 44 of lien on the revenues pledged for their payment as was enjoyed by 45 the bonds refunded. 46 The resolution authorizing the bonds and any resolution amenda- 47 tory thereof shall be once published in a newspaper having general 48; circulation in the district1 For a period of thirty' (30) days there- 49 after, any person residing in the district shall have authority to insti- 50 tute litigation contesting the validity of the bonds authorized by the 7 1 resolution and the provisions appearing in the resolution for the secu- 2 rity and payment of such bonds. After the expiration of such period 3. of thirty (30) days, no attack may be made on the validity of such . 4 bonds or such provisions and no court in the State of Nevada shall 5 have authority to entertain litigation contesting such' matters. 6 7 Sec. 4. Section 19 of the above-entitled act is hereby amended to 7 read as follows: 8 Section 19. [That this act is complete in itself and shall be con- 9 trolling. The provisions Of any other law, general, special or local, 10 except as provided in this act, shall not apply to'a district incorpo- 11 rated under this act.] This act shall in itself constitute complete 12 authority for the doing of the things herein authorized to be done. 13 The provisions of no other law, either general or local, except as pro- 14 vided in this act, shall apply to doing of the things herein authorized 15 to be done, and no board, agency, bureau or official, other than the 16 governing body of the district, shall have any authority or jurisdic- 17 tion over the doing of any of the acts herein authorized to be done 18 nor shall any proceedings, publication, notice of election be required 19 for the doing of such acts except as herein specifically required. There 20 is hereby granted to said district the right to own and operate its 21 water distribution system within the boundaries of any municipal 22 corporation lying wholly or partly within the boundaries of the dis- 23 trict, and no franchise tdx shall be payable for such privilege, but 24 it shall be the duty of the district to install and operate its proper- 25 ties and facilities within the boundaries of such municipal corporation 26 in such manner as to cause a minimum of inconvenience, and it shall 27 further be the duty of the district, where such facilities are installed 28 in the-public streets and alleys of any such municipal corporation, to 29 restore the surface of such streets and alleys to as good condition as 30 they were in prior to such installation. Where any such municipal 31 corporation connects its fire hydrants to the water system of the 32- district, it shall be the duty of such municipal corporation to pay to 33 the district such reasonable charge for such hydrant rental service. 34 as may*be agreed upon between such municipal corporation and the 35 district, and such hydrant rentals shall be payable either monthly or 36 quarterly in such installments as may be agreed upon. Since the 37 water district, for the creation of which provision is herein made, is\ 38 created for the purpose of supplying its inhabitants with water as a .39 public and municipal function, all property of the district shall be 40 exempt from taxes by the State of Nevada and the political subdivision 41 thereof, and the bonds issued by the district and the income therefrom 42 shall also be-exempt from taxation in this state. 43 Said district and the Colorado river commission are hereby author- 44 ized to enter into such leases and agreements with each other for short 45 or long terms as may be considered mutually desirable in order to 46 carry out the purposes of this act, and any such agreement or agree- 47 ments may specifically, but without limitation, grant to said district 48' the right to take from the Colorado River all water not heretofore 49 otherwise appropriated to which the State of Nevada may be entitled 50 and to purchase from the Colorado River Commission all or any part