15-408


Chapter 15.--CITIES OF THE THIRD CLASS

PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS APPLICABLE TO CITIES OF THE THIRD CLASS


Article 4.--GENERAL POWERS OF GOVERNING BODY

     
15-408.   Improvements; borrow money; bonds; tax levy.
The council may provide for making any and all improvements of a general
nature in the city; and for the purpose of paying for the same, may from
time to time borrow money, and may issue bonds therefor, as provided by
law, but no such money shall be borrowed or bonds issued, until the city
council shall be instructed so to do by a majority of all the votes cast at
an election held in such city for that purpose. The council shall levy
taxes on all taxable property within the city, in addition to other taxes,
to pay said bonds and the interest thereon, which taxes shall be paid in
cash only.

     
History:   R.S. 1923, § 15-408; Dec. 27.