Mississippi § 59-7-515 - Sources for payment of principal and interest on bonds.
Full text of Mississippi Mississippi Code of 1972 Annotated § 59-7-515 — Sources for payment of principal and interest on bonds., with citation guidance and answers to common questions.
§ 59-7-515. Sources for payment of principal and interest on bonds.
The revenue bonds issued under the provisions of this article shall be payable, both principal and interest, solely out of the revenues to accrue from the operation of the facilities provided through the special project for which such bonds are issued, and the full faith and credit of the county shall not be pledged therefor, nor shall any ad valorem tax be levied for the payment of such bonds or the interest thereon, and such facts shall be recited on the face of the bonds.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 59-7-515
What does Mississippi Code of 1972 Annotated § 59-7-515 cover?
Section 59-7-515 ("Sources for payment of principal and interest on bonds.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 59-7-515?
A common citation format is "Mississippi Code of 1972 Annotated § 59-7-515" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 59-7-515 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.