In connection with the issuance of bonds or the incurring of other indebtedness, and to secure the payment of the same, the district board shall have the power:

1. (1) To pledge all or any part of its fees and revenues from any source;
2. (2) To covenant against pledging all or any part of its fees and revenues, or against permitting any lien on such fees, revenues, or property;
3. (3) To covenant as to the bonds or other indebtedness to be issued and as to the use and disposition of the proceeds thereof;
4. (4) To establish and fund reserves for the payment of such bonds or indebtedness;
5. (5) To enter into credit enhancement arrangements including, but not limited to, letters of credit, reimbursement and remarketing agreements, and bond insurance policies;
6. (6) To make such covenants as will tend to make such bonds or indebtedness more marketable, notwithstanding that such covenants may not be enumerated herein.

[31-4912, added 1990, ch. 390, sec. 1, p. 1090.]