31-21-107. Ordinance irrepealable.

Statute text

Any ordinance authorizing an issue of funding bonds under the provisions of this part 1 and providing for the levy of taxes for the payment of the interest upon the principal of such funding bonds shall not be altered or repealed until the indebtedness thereby authorized has been fully paid.

History

Source: L. 75: Entire title R&RE, p. 1135, 1, effective July 1.

Annotations

Editor's note: This section is similar to former 31-21-107 as it existed prior to 1975.

PART 2
REFUNDING BONDED INDEBTEDNESS