As Amended
SEC. 57-10-231. Payment of bonds; additional security.
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.
SOURCES: Laws, 1985, ch. 450, Sec. 16, eff from and after July 1, 1985.