3-304. Same; amount of bonds; bonded debt limitations inapplicable.
3-304
3-304. Same; amount of bonds; bonded debt limitations inapplicable.
All bonds issued under the provisions of this act shall be issued in accordance
with the provisions of the general bond law, and the aggregate amount of
bonds so issued shall not exceed one percent (1%) of the assessed valuation
of the tangible taxable property of the county as shown by the records and
books of the county clerk at the last preceding assessment. Bonds issued
under this act shall not be subject to or within any bonded debt limitation
prescribed by any other law of the state and shall not be considered or
included in applying any other law limiting bonded indebtedness.
History: L. 1941, ch. 15, § 4; L. 1967, ch. 10, § 3; L. 1978,
ch. 8, § 2; April 11.