The governing authorities of gas utility districts may sell, lease or mortgage and incur debt and issue bonds of such districts for the purpose of paying all or part of the cost of acquiring, constructing, improving, or extending any properties or facilities authorized by law to be maintained and operated by such districts.
La. R.S. 39:560.1
Gas utility districts
Known as the Consolidated Local Government Public Finance Act
The act spans §§ 39–39 (94 sections).
Added by Acts 1960, No. 416, §3.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.