12-8,104. Same; mortgages and deeds of trust of property and franchises.
12-8,104
12-8,104. Same; mortgages and deeds of trust of
property and franchises.
For the security of bonds or notes issued or to be issued by a municipal
energy agency, the municipal energy agency may mortgage or execute deeds
of trust of the whole or any part of its property and franchises. Any mortgage
or deed of trust covering the whole or any part of easements or other interests
in real estate less than fee simple used in the generation or transmission
of electric power, and covering fixtures annexed thereto, may be filed in
the office of the secretary of state with or as a part of the financing
statement covering the fixtures.
History: L. 1977, ch. 48, § 20;
L. 2005, ch. 164, § 3; Apr. 21.