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> crea t i o n of fut u r e liens aad encumbrances aga i n s t said w o r k s or p r o p e r t i e s and the revenues thereof, t h e c a r r y i n g o f i n s u rance on the p r o p e r t i e s cons t i t u t i n g s u c h works, the d i s p o s i t i o n of the proceeds of a n y s u c h insurance, and o t h e r p e r t i n e n t m a t t e r s as m a y be d e e m e d n e c e s s a r y b y the g o v e r n i n g b o d y to assure the m a r k e t a b i l i t y of such bonds; provided, such covenants a r e n o t inco n s i s t e n t w i t h the p r o v i ­sions o f t h i s act. W h e n any district shall issua bonds h e r e u n d e r a n d shall h a v e p l e d g e d the revenues o f a n y works o r p r o p e r t i e s f o r the payment t h e r e o f as h e r e i n provided, such d i s t r i c t shall impose and collect rates and charges f o r the products a n d services f u r n i s h e d by such w o r k s or properties in such amounts and at s u c h rates as shall be fully suffic i e n t at a l l t i m e s t o p a y the expenses of o p e r a t i n g a n d m a i n t a i n i n g sueh w o r k s or properties, pro v i d e a sinking fund s u f f i ­cient to a s s u r e t h e p r o m p t payment of princ i p a l of and interest on the bonds a s e a c h falls due, (provides) provide such reason a b l e fund for contingencies as may be r e q u i r e d by the r e s o l u t i o n au t h o r i z i n g bonds a n d pro v i d e a n a d e q u a t e d e p r e c i a t i o n f u n d f o r s u e h repairs, extens i o n s a n d impr o v e m e n t s t o the w o r k s o r p r o p erties as m a y be n e c e s s a r y to assure adequate a n d effic i e n t service t o t h e public, h o board o r c o m m i s s i o n other t h a n the g o v e r n i n g b o d y o f t h e district a n d the pu b l i c serv i c e c o m m ission of t h e St a t e of H e v a d a a h all h a v e a u t h o r i t y to f i x or supervise t h e m a k i n g of such rates and charges. The g o v e r n ­i n g body of any district w h i c h shall h a v e Issued bonds payable f r o m revenues u n d e r the p r o v i s i o n s o f this l a w m a y (authorize) submit to t h e electors of the district a prop o s a l f o r t h e Issuance of bonds for the p u r p o s e of r e f u n d i n g sueh o u t s t a n d i n g bonds. S u e h r e f u n d i n g bonds m a y ei t h e r be s o l d and the p r o c e e d s applied to the retirement o f t h e o u t s t a n d i n g bonds, or m a y be delivered in exch a n g e for t h e out s t a n d i n g bonds. The r e f u n d i n g b o n d s shall be authorized in all respects as original b o n d s are h e r e i n required to be authorized, and t h e g o v e r n i n g b o d y i n (authorizing) a d o p t i n g by resolu t i o n t h e p r o p o s a l to be submitted at any b o n d e l e c t i o n f o r t h e r e f u n d i n g bonds shall pro v i d e for the security of such b o n d s a n d t h e souree f r o m w h l e h sueh bonds are to be p a i d and for the rights o f t h e h o l d e r s t h e r e o f in all respects as h e r e i n a u t h o r i z e d to be p r o v i d e d f o r other bonds issued u n d e r autho r i t y of this aet. T h e g o v e r n i n g b o d y m a y a l s o p r o v i d e that the %