65-7-97 - Installment buying prohibited.
§ 65-7-97. Installment buying prohibited.
The boards of supervisors are hereby prohibited from purchasing any machinery or equipment under a contract requiring installment or deferred payments. However, this section shall not be construed to prohibit boards of supervisors from making purchases which shall be paid for not later than the next regular meeting of said board.
Sources: Codes, 1942, § 8331; Laws, 1932, ch. 205.