59-9-81 - Applicability of debt limitation.
§ 59-9-81. Applicability of debt limitation.
The bonds or other obligations issued by counties or municipalities pursuant to this chapter shall not constitute a debt within the meaning of any statutory limitation as to the amount of debt which may be incurred by any such county or by any such municipality.
Sources: Codes, 1942, § 7605-23; Laws, 1956, ch. 199, § 23; Laws, 1967, Ex. Sess. ch. 6, §§ 1-3, eff from and after passage (approved June 29, 1967).