The governing authorities of waterworks districts may incur debt and issue negotiable bonds for the purpose of constructing and maintaining waterworks systems in the district and for no other purpose. The title to the waterworks systems shall be in the public.
La. R.S. 39:557
Waterworks district purposes
Known as the Consolidated Local Government Public Finance Act
The act spans §§ 39–39 (94 sections).
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.