Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 37-7-204 - Payment of Principal and Interest to Be From Revenues Only; Not to Constitute Indebtedness of Borrower — Wyoming Law | CourtGPT
  1. Home/
  2. Laws/
  3. Wyoming/
  4. Title 37 - Public Utilities/
  5. Chapter 7 - Power Districts/
  6. Article 2 - Revenue Bond Power Districts/
  7. Section 37-7-204 - Payment of Principal and Interest to Be From Revenues Only; Not to Constitute Indebtedness of Borrower
Wyoming Legal Code

Section 37-7-204 - Payment of Principal and Interest to Be From Revenues Only; Not to Constitute Indebtedness of Borrower

Ask AI about this
37-7-204. Payment of principal and interest to be from revenues only; not to constitute indebtedness of borrower. The principal of and interest upon such bonds shall be payable solely from the revenues derived from the operation of the power system or plant, electric light plant, power plant, power lines, transmission lines, or power distributing systems, for the purchase, construction, improvement, enlargement, extension, or repair of which the same are issued. No bond or coupon issued pursuant to this act shall constitute an indebtedness of such borrower within the meaning of any state constitutional provision or statutory limitation. It shall be plainly stated on the face of each such bond and coupon that the same has been issued under the provisions of this act and that it does not constitute an indebtedness of such borrower within any state constitutional provision or statutory limitation.