Section 2426 - Bond issue and limitations(a) Bond issue.--For the purpose of purchasing a water system, the borough may issue utility bonds in the manner provided by 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing).(b) Limitations.--The bonds shall not exceed in amount the value fixed by the appraisers or the court of common pleas. Theproceeds of the sale of the bonds shall be used exclusively for the purpose of paying for the property acquired.Added by P.L. 432 2014 No. 37, § 1, eff. 6/17/2014.