Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 262.39. Nature of obligation--discharge

1. From the net rents, profits, and income arising from the property so pledged or mortgaged,

2. From the net rents, profits, and income which has not been pledged for other purposes arising from any other dormitory or like improvement under the control and management of said board, or

3. From the income derived from gifts and bequests made to the institutions under the control of said board for dormitory purposes.