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upr000036-024
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    1 as may be necessary to ensure adequate and efficient service 2 to the public. No board or commission other than the ]Lr 3 governing" body of the municipal corporation shall - have l*. 4 authority to fix or supervise the making of such fees and 5 charges, except that where operation of the utility is imposed 6 in the board for which provision is made in section 5 hereof, 7 such fees and charges shall be fixed by such board. 8' - Sec. 7. The governing body of the-municipal corporation 9 may in its discretion authorize bonds hereunder payable 10 from the revenues to be derived from two or more utilities 11 owned and operated by the municipal corporation, .and bonds 12 ^,may be as issued for the purpose of constructing, acquiring, 13 extending or improving any one or more of such utilities. 14 fg Sec. 8. The governing body of any municipal corporation 15 | which has heretofore or shall hereafter have issued bonds pay- 16 ' able from utility revenues under the provisions of this or any -17 other law may authorize the issuance of bonds for the pur- 18 ( pose of refunding such outstanding bonds. Such refunding 19 bonds may either be sold and the proceeds applied to the 20 retir&nenl of the outstanding bonds, or may be delivered 21 in exchange for the outstanding bonds. The refunding bonds | shall be authorized in all respects as original bonds are herein 23 required to be authorized, and the governing body in- author- 24 izing the refunding bonds shall provide for the security, of 25 such bonds and the sources froni which such bonds are to be 26 paid and for the rights of the holders thereof in all respects 27 as herein authorized to be provided for other bonds issued 28 ? under authority of this act. The governing body may also ? 29 provide that the refunding bonds shall have the same prior- i 30 ity of lien on the revenues pledged for their payment as was 31 enjoyed by the bonds refunded. 3.2 Sec. 9. Any municipal corporation shall have full power ------- 6 ------- / 7 V 1 of eminent domain in carrying out, the purposes of this 2 act. Any condemnation suit which-may be brought by such 3 municipal corporation hereunder shall be instituted and con- 4 ducted under any federal law which may be available and 5 applicable to such proceeding at the time of its institution. 6 - Sec. 10. Provision may be made in the resolution author- 7 izing bonds hereunder for the appointment of a received’ 8 when necessary to enforce the provisions of the resolution, 9 - and there may be provided in such resolution the terms and 10 conditions upon which the. holders of the bonds or any part 11 -of them shall be entitled to the appointment of a receiver 12 by a court of competent jurisdiction^ which receiver may 13 enter and take possession of the utility, operate and maintain 14 the same, prescribe rates, fees and charges, and collect, 15 receive, and apply all revenues arising therefrom in accord- 16 ance with the terms of the resolution and as the court may 17 direct. 18 Sec. JJL, The resolution authorizing the issuance of bonds 19 hereunder shall be once publishedAn a newspaper published 20 in the municipal corporation, or if no newspaper is published 21 therein, then in a newspaper published in the county in 22 which, the municipal corporation is located, or if no news- 23 paper is published in such county, then in a newspaper pub- 24 lished in the cities of Reno or Carson City and having cireu- 25 lation in such municipal corporation. For a period of 26 twenty days from the date of such publication any person in 27 interest shall have the right to contest the legality of said 28 resolution and .of the bonds to be issued pursuant thereto. 29 After the expiration of said twenty days no one shall have 30 any right of action to contest the validity of said bonds or the 31 provisions of said resolution, and such bonds and resolution