77-5-169 - Municipal and county aid to districts.
§ 77-5-169. Municipal and county aid to districts.
Any municipality situated within the territorial limits of a district and any county a part of which is so situated, may advance funds to such district to pay the preliminary organization and administration expenses thereof, on such terms of repayment as the governing body of such municipality or county shall determine. Notwithstanding the provisions of any law to the contrary, any such municipality or county is authorized and empowered to borrow money for a period not to exceed one year from the date of such borrowing, for the purpose of making such advances.
Sources: Codes, 1942, § 5456; Laws, 1936, ch. 187.