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V taxes are levied by the board of county commissioners determine the amount of taxes which are necessary to be levied on the taxable property in such district for such . year, for the purpose of supplementing other revenues of the district available for the payment of principal and interest of any general obligation bond issues and prior to the date on which the board of commissioners makes the county levy for • such year the governing body of the district shall certify to the clerk of said board the amount necessary to be so raised by taxes levied against the taxable property in the district in such fiscal year. .The board of county commissioners shall at the time of making the levy of county taxes for that year levy the tax fjedluppn~all t a ^ le'p'roperty m the districts Said tax when levied shall be entered upon tEe”“assessment rolls and collected in “the same manner as state and county taxes and the proceeds thereof shall be paid to the treasurer of the district to_he_.used for the purposes for which the Pax was levied. All taxes levied as herein provided shall constitute a lien on the property charged therewith from the date of the date of the levy thereof by the county commissioners, or the entry thereof on the assessment roll of the county auditor, until the same are paid, and thereafter, if allowed to become delinquent, shall be enforced in the same manner as is now provided by law for the collection of state and county taxes. Mo additional allowance, fee or compensation shall be paid to any officer for carrying out the provisions of this section. In the event that the total taxes requested to be levied in any one year by the district and the political subdivisions which overlap it should exceed fifty mills and reduction thereof shall be necessary by reason of the restriction contained in section 2 of article X of the constitution of Nevada, the board charged with the duty of making such reductions and allocations is hereby required to allocate to the district sufficient taxes to assure the payment to the district of money sufficient to make certain the prompt payment of principal of and interest on any bonds of the district which may have been issued with the pledge of the full faith, credit and resources of the district, and where bonds have so issued, the district shall be regarded as political„.s;ubdivision^ of~tKe~~itate oOevacg~lSrr the m r ^ of Nevada 1947» and ?hhg Tvrovi rt ona of~~Baid chapter shall be applicable to said district. Section l6dT^It"Is” the intent df^tEF'acT that, ~so far as possible, the principal of and interest on any bonds issued by the district be paid from revenues from the works and properties of the district. The board shall from time to time establish reasonable rates and charges for the products and services furnished by such works and properties, and no board or commission other than the governing body of the district shall have authority to fix or supervise the making of such rates and charges. Subject to the limitation that the rates and charges be reasonable, the board shall fix rates and charges which will produce sufficient revenues to pay the operating and maintenance expenses of such works and properties, the general expenses of the district, and the principal of and interest on all outstanding bonds of the district, a® the same fall due and any payments required to be made into any sinking fund for said bonds; provided, however, anything to the contrary in this act notwithstanding the district may, in any contract with the United States of America, the State of Nevada, or the Colorado River Commission, agree to furnish water to any of the foregoing, or to purchasers, lessees or others holding under any of the foregoing, at such rates, charges, or other consider­ation as may be specified in any such contract. Section l6e. Such bonds shall be in coupon form, but may be made registerable as to principal if so provided in the resolution adopting the proposal to be submitted at any bond election. The bonds shall be in the denomination of $100 or a multiple thereof, shall bear interest at a coupon rate not exceeding six percent per annum, shall mature serially or otherwise in such manner as may be provided by the governing body, but not later than forty years from their date, shall be made payable at such place or places within or without the State of Nevada as may be provided by the governing body, and - in the discretion of the governing body may be made redeemable at the option of the district prior to maturity at such premium or premium not greater than one hundred five percent of the principal amount thereof as the governing body may determine. The bonds ' shall be signed by the president and attested by the secretary of the district tinder the official seal of the district in such manner as may be provided by resolution of the board. Interest coupons to be attached to the bonds may be executed with the facsimile signatures of such officers, and in the event any officer whose signature appears on such bond or coupons shall cease to be such officer before delivery of the b o n d s to the purchaser, such signature shall nevertheless be valid and sufficient for all purposes. The bonds shall be sold in such manner and at such times as the govern­ing body may determine at public or private sale for such prices as the governing body - 8 -