This board shall have, with the respect to the issuance of bonds authorized to be
issued by it, the authority and power with respect thereto set forth and contained
in Act 879 of 1981, which terms and provisions are hereby incorporated in this article
as though herein expressly set forth, word for word, except to the extent of changes
required for the provisions thereof to be consistent in the context of this article,
and such additional authority as may be granted in similar provisions by amendment
of Act 879 of 1981, from time to time hereafter. All bonds of the county jail revenue
bond board shall be special obligation revenue bonds which shall be obligations only
of the board and shall not constitute an indebtedness for which the faith and credit
of Pulaski County or any of its revenues are pledged, and the principal of, and interest
on, the bonds shall be payable from and secured by a pledge of revenues derived from
the fee revenues provided under Section 5 of Act 879 of 1981, in whole or in part,
from bond proceeds and as authorized by, and in accordance with provisions of Act
879 of 1981, as it may be amended from time to time.
(Ord. No. 81-OR-33, § 6, 6-30-81)
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