13-1234d

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

Article 12.--PUBLIC UTILITIES

     
13-1234d.   Same; limitations.
No city shall be authorized to issue bonds in excess of seventy-five thousand
dollars ($75,000) in any one year, which bonds may be issued without a vote
of the people, and shall be issued as provided by law: Provided,
That
any such city may issue such bonds in an amount not to exceed one hundred
fifty thousand dollars ($150,000) in any one year for not to exceed three
(3) years immediately following the effective date of this act.

     
History:   L. 1951, ch. 176, § 3; L. 1967, ch. 106, § 1; July 1.