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Section 57-10-231 - Payment of bonds; additional security — Mississippi Law | CourtGPT
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Mississippi Legal Code

Section 57-10-231 - Payment of bonds; additional security

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Except as may otherwise be expressly provided by the company in proceedings relating to a particular issue of bonds, every issue of its bonds shall be payable solely out of any revenues of the company. The bonds additionally may be secured by a pledge of any grant, contribution or guarantee from the federal government or any person or a pledge by the company of any revenues from any source.Laws, 1985, ch. 450, § 16, eff. 7/1/1985.