Opinion No. 77-258 (1977) Ag

WATERS AND WATER RIGHTS

A Port Authority created under the authority of 82 O.S. 110 [82-110] et seq. (1971). id empowered with the discretion to borrow through either notes or other evidence of indebtedness pursuant to 82 O.S. 1106 [82-1106](b) (1971) or through the issuance of revenue bonds pursuant to 82 O.S. 1121 [82-1121] — 82 O.S. 1137 [82-1137] (1971). The use of revenue derived from the issuance of bonds is restricted to those purposes specified in 82 O.S. 1121 [82-1121]. Negotiated loans under 82 O.S. 1106 [82-1106](b) are not subject to the stipulations and restrictions prescribed by…