§ 37-7-204 — Payment of principal and interest to be from revenues only; not to constitute indebtedness of borrower

The principal of and interest upon such bonds shall be payable
solely from the revenues derived from the operation of the power
system or plant, electric light plant, power plant, power lines,
transmission lines, or power distributing systems, for the
purchase, construction, improvement, enlargement, extension, or
repair of which the same are issued. No bond or coupon issued
pursuant to this act shall constitute an indebtedness of such
borrower within the meaning of any state constitutional
provision or statutory limitation. It shall be plainly stated on
the face of each such bond and coupon that the same has been
issued under the provisions of this act and that it does not
constitute an indebtedness of such borrower within any state
constitutional provision or statutory limitation.