384.86 - PLEDGE VALID AND EFFECTIVE.
384.86 PLEDGE VALID AND EFFECTIVE. 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.Section History: Early Form
[C75, 77, 79, 81, § 384.86] Referred to in § 26.9, 357A.11, 389.4, 390.5