384.86 Pledge valid and effective.
63 words·~1 min read·
/ia/chapter-384-city-finance/384-86·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The pledge of any net revenues of a city utility, combined utility system, city enterprise, or combined city enterprise is valid and effective as to all persons and other governmental bodies when it becomes valid and effective between the city and the holders of the revenue bonds or pledge orders.
[C75, 77, 79, 81, §384.86]
Referred to in §26.9, 357A.11, 357E.11A, 389.4, 390.5