Louisiana Statutes
§ 45:1137 — Bonds; mortgage and pledge
Louisiana·Title 45 Public Utilities and Carriers
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.
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Nearby Sections
15
§ 45:1101
Unclaimed freight; sale§ 45:1103
Unclaimed freight; proceeds of sale§ 45:1131
§ 45:1131§ 45:1132
Bonds; by whom authorized§ 45:1133
Form of bond§ 45:1135
Signature on bond§ 45:1136
Sale of bond§ 45:1137
Bonds; mortgage and pledge§ 45:1138
Foreclosure§ 45:1139
Rights of holder of bond§ 45:1140
Title of purchaser§ 45:1141
Priority among series