13-1215

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

Article 12.--PUBLIC UTILITIES

     
13-1215.   Same; limitation.
The amount of the bonds which may be issued under the provisions of this
act shall not be subject to any statutory limitation on bonded indebtedness,
except as herein provided, but no bonds in excess of ten percent (10%) of
the assessed valuation of such city shall be issued under
the authority of this act.

     
History:   L. 1908, ch. 32, § 4; R.S. 1923, § 13-1215; L. 1978,
ch. 69, § 1; July 1.