| 
participating in the corporation, in order to finance the  | 
| facilities, revenue obligation securities issued in accordance with  | 
Title 10, chapter 110, subchapter IV 4, and any other bonds, notes  | 
| or debt obligations that municipalities are authorized to issue by  | 
| applicable law. For these purposes, the term "municipal officers"  | 
as used in Title 10, chapter 110, subchapter IV 4, means the board  | 
| of directors of any corporation described in this subsection.   | 
| Title 10, section 1064, subsection 6, may not be construed to  | 
| prohibit the assignment or pledge as collateral security of any  | 
| contract of a municipality authorized by this section or of any or  | 
| all of the payments under this section, regardless of whether the  | 
| provisions of subsection 4, paragraph C, are applicable to the  | 
| contract or payments.  The provisions of Title 10, sections 1063  | 
| and 1064, subsection 1, paragraph A and paragraph C, subparagraph  | 
| (4) do not apply to revenue obligation securities issued by any  | 
| public waste disposal corporation described in this subsection. |