1. (1) The district may issue as special obligations any of the following types of district securities, in anticipation of net pledged revenues; but not under any circumstances under their terms and the proceedings authorizing their issuance, in anticipation of taxes nor in anticipation of gross pledged revenues:

   1. (a) Notes;
   2. (b) Warrants;
   3. (c) Interim debentures;
   4. (d) Bonds; and
   5. (e) Temporary bonds.
2. (2) Such special obligation district securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.

Source: L. 69: p. 772, § 71. C.R.S. 1963: § 89-21-71.