Whenever bonds shall be issued for the construction or purchase of waterworks, gas,
light and power plants, or distribution systems, the governing authorities of the
municipality so issuing them may provide by ordinance, contract or otherwise, that
such bonds shall be secured by a pledge of the revenue of the utility to be constructed
or purchased with the proceeds thereof, which pledge of revenue shall be in addition
to the pledge of the full faith and credit of such municipality.
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