There is a newer version of the Louisiana Laws
2012 Louisiana Laws
Revised Statutes
TITLE 45 — Public utilities and carriers
RS 45:1137 — Bonds; mortgage and pledge
LA Rev Stat § 45:1137 What's This?
§1137. Bonds; mortgage and pledge
Any bonds issued under this Part shall be payable from and secured by pledge of the revenues derived from the operation of the utility constructed, acquired, extended or improved with the proceeds thereof, sufficient in amount at all times to meet the required debt service subject only to the prior payment of the reasonable and necessary expenses of operating and maintaining such utility.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
