19-3303.   Same; acquisition of property or easements; bonds; limitations;installments.Whenever in such county it shall be necessary to acquire any lands,rights of way, or easements under the provisions of this act, the costthereof and expenses connected therewith shall be defrayed by theissuance of general obligation bonds of the county, to be issued by theboard of county commissioners of such county without the necessity of anelection, either in one issue or in separate issues from time to time asmay be necessary and as determined by the board of county commissionersof said county, the proceeds thereof to be used for such purposes and noother, except as herein otherwise provided. The aggregate of any suchbonds issued under this act or under any act of which this act isamendatory shall not be in excess of one percent of the assessedvaluation of the county. All bonds issued under the provisions of thisact shall mature in equal annual installments over a period of not morethan fifteen (15) years and it shall be the duty of the countycommissioners ofsuch county to make an annual levy on all the taxable property in suchcounty for the retirement of the principal and interest thereof as thesame shall become due. The bonds provided for in this act shall not besubject to nor included in any restrictions or limitations upon theamount of bond indebtedness of said county contained in any other lawnow affecting said county.

      History:   L. 1945, ch. 391, § 3; L. 1953, ch. 156, § 1; L. 1978,ch. 99, § 28; April 25.