1-16A-43 Pledge of revenues to secure bonds.
Pledge of revenues to secure bonds.
The principal of and interest on any bonds
issued by the authority shall be secured by a pledge of the revenues, rentals, and receipts out of
which the same shall be made payable and may be secured by a trust indenture or mortgage or deed
of trust (including assignment of leases or other contract rights of the authority thereunder) covering
all or any part of the facilities from which the revenues, rentals, or receipts so pledged may be
derived, including any enlargements of and additions to any such facilities thereafter made.
Source: SL 1972, ch 10, § 12.