85-9-622. Issuance of bonds -- determination of amount.
85-9-622. Issuance of bonds -- determination of amount. In determining the amount of bonds to be issued, the directors may include:
(1) all costs of works;
(2) all costs and estimated costs of issuance of the bonds;
(3) interest which they estimate will accrue on money borrowed during the construction period and for 6 months after the period.
History: En. Sec. 27, Ch. 100, L. 1969; R.C.M. 1947, 89-3427.