§47-6 - Method of authorization.
§47-6 Method of authorization. All
bonds of a county issued pursuant to this chapter must be authorized by the
governing body of the county issuing same, and shall be authorized by an
ordinance or resolution of the governing body, which ordinance or resolution
may relate to more than one public improvement or purpose or combination
thereof. It shall be a sufficient recital of purpose of issuance if the
ordinance or resolution recites that the proceeds of the bonds authorized
therein which are issued for public improvements are to be used to pay all or
part of the cost of appropriations for public improvements made in a capital
budget ordinance or resolution identified in the bond authorizing ordinance or
resolution, or are to be used to establish, maintain, or replenish the special
assessment revolving fund of the county, and neither the individual
appropriations nor public improvements to which the proceeds are to be applied
need be specified in the bond authorizing ordinance or resolution. The governing
body of the county may authorize bonds to pay all or part of the cost of
appropriations for public improvements made in a capital budget ordinance in
such capital budget ordinance and, in that event, the capital budget ordinance
shall constitute the authorizing ordinance under this chapter. [L 1989, c 80,
pt of §2]