Section 15-7-506 - Bonds Payable From Revenues and Not Considered Indebtedness

15-7-506. Bonds payable from revenues and not considered indebtedness. All bonds issued under the provisions of this article are payable solely from the revenues derived from the operation of the sewerage system and do not constitute an indebtedness of the city or town within the meaning of any constitutional or statutory provision. The face of each bond shall state that it has been issued under the provisions of this article, and that it does not constitute an indebtedness of the city or town within any constitutional or statutory limitation.