77-5-737 - Joint agency pledge bonds.
§ 77-5-737. Joint agency pledge bonds.
A joint agency may issue its bonds pledging to the payment thereof as to both principal and interest the revenues or any portion thereof, derived or to be derived from all or any of its projects, and any additions and betterments thereto or extensions thereof, or contributions or advances from its members. Bonds of a joint agency shall be authorized by a resolution adopted by its governing board and spread upon its minutes.
Sources: Laws, 1978, ch. 363, § 16, eff from and after passage (approved March 14, 1978).