7-33-201 - General improvement bonds to pay costs chargeable to city.
7-33-201. General improvement bonds to pay costs chargeable to city.
For the purpose of raising funds with which to pay that portion of the cost of improvements chargeable against the municipalities authorized in this chapter, the municipality shall have the power and authority to issue its bonds pursuant to title 9, chapter 21 in an amount not exceeding one third (1/3) of the cost of any such improvement or improvements.
[Acts 1913 (1st E.S.), ch. 18, § 21; Shan., § 1991a69; Code 1932, § 3476; T.C.A. (orig. ed.), § 6-1224; Acts 1988, ch. 750, § 16.]