65-13-35 - Security for bonds. - Mississippi Statutes

§ 65-13-35. Security for bonds.
 

All such bonds issued by the authority shall be secured solely by pledge of the net revenues which may now or hereafter come to the authority. Such bonds shall not constitute general obligations of the State of Mississippi or of the county supervisors district or municipalities comprising the authority, and such bonds shall not be secured by a pledge of the full faith, credit, and resources of said state, county, district, or municipality. 
 

Sources: Codes, 1942, § 8368-16; Laws,  1966, ch. 603, § 16, eff from and after passage (approved June 17, 1966).