15-807. Bonds for improving waterworks system.

15-807

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 8.--PUBLIC UTILITIES

      15-807.   Bonds for improving waterworks system. Any city of the third class owning and operating an electric light plant, sewer system or waterworks plant whose water supply may be insufficient to operate said utilities is by this act authorized to increase its bonded indebtedness above fifteen percent but not exceeding twenty percent of the assessed valuation of all taxable property within said city as shown by the assessment books for the year next preceding the year in which improvements shall be authorized, for the purpose of enlarging, repairing, extending and improving its waterworks system.

      History:   L. 1920, ch. 23, § 1; Jan. 25; R.S. 1923, § 15-807.