77-5-421 - Debt limitations are inapplicable.
§ 77-5-421. Debt limitations are inapplicable.
Bonds may be issued under this article notwithstanding and without regard to any limits or restriction on the amount or percentage of indebtedness or of outstanding obligations of any municipality contained in any law.
Sources: Codes, 1942, § 5536; Laws, 1936, ch. 185.