Bonds issued under the provisions of this act shall not be deemed to constitute, within the meaning of any constitutional or statutory limitation, an indebtedness of the county authority. Such bonds shall be payable solely from the revenues or assets of the county authority pledged therefor. Each bond issued under this act shall contain on the face thereof a statement to the effect that such county authority shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor.
Structure Mississippi Code
Title 49 - Conservation and Ecology
Chapter 17 - Pollution of Waters, Streams, and Air
Mississippi Gulf Region Utility Act
§ 49-17-703. Legislative findings
§ 49-17-719. Creation of the Pearl River County Utility Authority
§ 49-17-723. Creation of the Stone County Utility Authority
§ 49-17-737. Board of Directors for Hancock County Utility Authority
§ 49-17-739. Provisions common to the county authorities
§ 49-17-743. Powers of the county authorities
§ 49-17-759. Validation of bonds
§ 49-17-763. Powers of county authority in connection with issuance of bonds
§ 49-17-765. Appointment of trustee to represent bond owners; appointment of receiver
§ 49-17-769. Bonds as legal investments and securities
§ 49-17-773. Advance of funds or issuance of notes authorized; terms and conditions