Section 9-52-5 - Municipal indebtedness not authorized by chapter.
9-52-5. Municipal indebtedness not authorized by chapter. Nothing contained in this chapter shall be deemed to authorize the incurring by any municipality of indebtedness within the meaning of any constitutional or statutory limitation upon municipal indebtedness.
Source: SL 1951, ch 246, § 10; SDC Supp 1960, § 45.24B10.