That should the City of Burkburnett at any time determine to acquire any public utility by purchase, condemnation or otherwise, as herein provided, said city shall have the power to obtain the funds for the purpose of acquiring such public utility and paying the compensation therefor by issuing bonds or notes, or other evidence of indebtedness and shall secure the same by fixing a lien upon the property constituting the public utility so acquired and said security shall apply alone to said property so pledged.
(Adopted May 8, 1923)