13-1215. Same; limitation.

13-1215

Chapter 13.--CITIES OF THE FIRST CLASS PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS Article 12.--PUBLIC UTILITIES

      13-1215.   Same; limitation. The amount of the bonds which may be issued under the provisions of this act shall not be subject to any statutory limitation on bonded indebtedness, except as herein provided, but no bonds in excess of ten percent (10%) of the assessed valuation of such city shall be issued under the authority of this act.

      History:   L. 1908, ch. 32, § 4; R.S. 1923, § 13-1215; L. 1978, ch. 69, § 1; July 1.