21-256 - Prohibition of sale or encumbrance of system.
§ 21-256. Prohibition of sale or encumbrance of system.
Neither the commission nor any of the counties, cities or towns in whole orin part embraced within the district shall have power to mortgage, pledge,encumber or otherwise dispose of any part of the sewage disposal system of acommission, except such part or parts thereof as may be no longer necessaryfor the purposes of the commission, whether the same shall originally havebeen acquired by such commission or by one of the counties, cities or towns.The provisions of this section shall be deemed to constitute a contract withthe holders of bonds of the commission. The sewage disposal system of acommission shall be exempt from any and all liability which may be incurredby, or imposed upon, the commission, or any county, city or town, which, inwhole or in part, constitutes any part of any district.
(1946, p. 360; Michie Suppl. 1946, § 1560iii15.)