Sec. 7-372. Issuing of bonds by beach associations and similar subdivisions.
Sec. 7-372. Issuing of bonds by beach associations and similar subdivisions.
No beach association, or any other subdivision of any town, city or borough of a similar
nature, wherein more than fifty per cent of the property owners are nonresidents, shall
issue bonds pledging the security of such association therefor, except with the consent
of the town, city or borough in which such association is situated. The provisions of
this section shall not apply to any school, sewer or fire district.
(1949 Rev., S. 805.)