What is the meaning of the word “under” in municipal bonds?

Various authorities ascribe different meanings to the word “under” depending on the context in which it is used. For example, in Bates v. Independent Sch.-Dist. of Riverside, 25 F. 192 at 194 (1885) (Circ. Ct.), the court held the “under”, as used in the recital in municipal bonds to effect that the bonds are issued under the provision of a given statute, is not synonymous with the phrase “in pursuance of,” or “in conformity with,” or “by virtue of,” or “by authority of,” but simply asserts that the bonds are subject to or controlled by the provisions of the statute named, and the purchaser is thereby informed that he should look in order to learn what the provisions of the statute are which confer and limit the power to issue the bonds.