51-31-113 - Interest rate of additional bonds.
§ 51-31-113. Interest rate of additional bonds.
The bonds, notes, or other objects of indebtedness issued under the provisions of Section 51-31-111 shall bear interest not exceeding 6% per annum and shall be non-taxable.
Sources: Codes, Hemingway's 1917, § 4331; 1930, § 4428; 1942, § 4633; Laws, 1912, ch. 202.