Whenever bonds shall be issued for the construction or purchase of waterworks, gas, light and power plants, or distribution systems, the governing authorities of the municipality so issuing them may provide by ordinance, contract or otherwise, that such bonds shall be secured by a pledge of the revenue of the utility to be constructed or purchased with the proceeds thereof, which pledge of revenue shall be in addition to the pledge of the full faith and credit of such municipality.
Structure Mississippi Code
Chapter 33 - Taxation and Finance
§ 21-33-301. Uniform system for issuance of municipal bonds; purposes for which bonds may be issued
§ 21-33-303. Limitation of indebtedness
§ 21-33-305. Revenues of public utilities may be pledged for payment of bonds
§ 21-33-307. Initiating procedures for issuance of bonds
§ 21-33-309. Holding of bond election
§ 21-33-311. Results of election
§ 21-33-313. Details of municipal bonds; supplemental powers conferred in issuance of bonds
§ 21-33-315. Maturities and interest
§ 21-33-317. Proceeds of bonds not to be diverted
§ 21-33-319. Transfer of residue of bond proceeds
§ 21-33-321. Bond and interest fund may be used to buy outstanding bonds
§ 21-33-325. Borrowing in anticipation of taxes