§15-6-11. Authority of board to pledge revenues as security.
The board shall have authority to pledge all revenue derived
from any project as security for any bonds issued under this
article to defray the cost of such project. In any case in which
the board may deem it advisable it shall also have the authority
to pledge the revenue derived from any existing armories as
additional security for the payment of any bonds issued under the
provisions of this article to pay the cost of any armory project.