13-10,121. Same; bonds.
13-10,121
13-10,121. Same; bonds.
In order to pay the cost of improvements authorized by this act, such
city is authorized to issue its general improvement bonds in an amount not
exceeding 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 hereby
authorized to issue its general improvement bonds in an amount not
exceeding one hundred twenty-five thousand dollars ($125,000) in any one
calendar year: Provided further, Any city having a population of more
than one hundred thirty thousand (130,000) and not more than one hundred
fifty thousand (150,000) is hereby authorized to issue its general
improvement bonds in an amount not exceeding one hundred thousand dollars
($100,000) in any one calendar year. Such bonds shall be issued as provided
by law, but shall not be subject to nor limited by any tax levy limitation
or limitations of indebtedness.
History: L. 1949, ch. 160, § 3; L. 1951, ch. 154, § 2; L. 1961, ch. 97, § 1;
June 30.