13-1055b. Same; bonds; limitations; retirement.
13-1055b
13-1055b. Same; bonds; limitations; retirement.
For the purpose of paying for any main sanitary interceptor sewers or
one or more main storm water sewers or drains ordered constructed under
this act, the governing body may issue general obligation bonds of the
city. Such bonds shall be issued, registered, sold and delivered in
accordance with the provisions of the general bond law and may be issued
without a vote of the electors. Bonds issued under the authority of this
act shall be in addition to and not subject to or within any bonded debt
limitation prescribed by any other law of this state. Bonds issued to pay
the cost of main sanitary interceptor sewers may be retired from funds
received from sewage service charges.
History: L. 1951, ch. 173, § 2; L. 1968, ch. 348,
§ 2; L. 1969, ch. 96, § 2; April 19.