13-10,121

Chapter 13.--CITIES OF THE FIRST CLASS
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 10.--PUBLIC IMPROVEMENTS

      13-10,121.   Same; bonds.In order to pay the cost of improvements authorized by this act, suchcity is authorized to issue its general improvement bonds in an amount notexceeding seventy-five thousand dollars ($75,000) in any one calendar year:Provided, Any city having a population of more than sixty thousand(60,000) and not more than one hundred thirty thousand (130,000) is herebyauthorized to issue its general improvement bonds in an amount notexceeding one hundred twenty-five thousand dollars ($125,000) in any onecalendar year: Provided further, Any city having a population of morethan one hundred thirty thousand (130,000) and not more than one hundredfifty thousand (150,000) is hereby authorized to issue its generalimprovement bonds in an amount not exceeding one hundred thousand dollars($100,000) in any one calendar year. Such bonds shall be issued as providedby law, but shall not be subject to nor limited by any tax levy limitationor limitations of indebtedness.

      History:   L. 1949, ch. 160, § 3; L. 1951, ch. 154, § 2; L. 1961, ch. 97, § 1;June 30.