Section 41-9-476 Pledge of revenues for payment of bonds. - Alabama Statutes

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Statutes > Alabama > Title41 > Chapter9 > 41-9-476

Section 41-9-476

Pledge of revenues for payment of bonds.

Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.

(Acts 1975, No. 1137, §7.)

State Codes and Statutes

Statutes > Alabama > Title41 > Chapter9 > 41-9-476

Section 41-9-476

Pledge of revenues for payment of bonds.

Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.

(Acts 1975, No. 1137, §7.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title41 > Chapter9 > 41-9-476

Section 41-9-476

Pledge of revenues for payment of bonds.

Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.

(Acts 1975, No. 1137, §7.)