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.
Miss. Code Ann. § 65-13-35
Security for bonds
Known as the Highway and Street Revenue Bond Authority Law
The act spans §§ 65–65 (28 sections).
Codes, 1942, § 8368-16; Laws, 1966, ch. 603, § 16, eff from and after passage (approved June 17, 1966
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.