Sec. 7-236. Issuance of bonds.
Sec. 7-236. Issuance of bonds. The legislative body shall determine the form of
such bonds, whether registered or coupon, the rate and the dates of payment of interest
thereon and the time or times, not more than thirty years from their date, at which they
shall mature, the manner in which they shall be issued and by whom they shall be
executed and sold.
(1949 Rev., S. 755; 1969, P.A. 424, S. 4.)
History: 1969 act removed provision limiting interest rate to 6% per year.