2014 Wyoming Statutes
TITLE 41 - WATER
CHAPTER 10 - WATER AND SEWER DISTRICT LAW
41-10-124. Authority of district to borrow money; types of securities permitted to evidence borrowing; exemption of securities from taxation.
41-10-124. Authority of district to borrow money; types of securities permitted to evidence borrowing; exemption of securities from taxation.
(a) A district may borrow money and issue the following securities to evidence such borrowing:
(i) Short-term notes;
(ii) General obligation bonds and other like securities;
(iii) Revenue bonds and other like securities; and
(iv) Special assessment bonds and other like securities.
(b) Any such securities of a district shall be exempt from taxation when owned by actual residents of the state, provided, that the owner or owners thereof shall list the same annually on their assessment schedule, as from time to time amended and supplemented.
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