1. An authority may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable:
- (a) Exclusively from the income and revenues of the housing project financed with the proceeds of such bonds.
- (b) Exclusively from the income and revenues of certain designated housing projects whether or not they are financed in whole or in part with the proceeds of such bonds.
- (c) From its revenues generally.
- 2. Any of the bonds may be additionally secured by a pledge of any grant or contributions from the Federal Government or other source, or a pledge of any income or revenues of the authority, or a mortgage of any housing project, projects or other property of the authority.
[Part 12:253:1947; 1943 NCL § 5470.12]