REVENUE AND TAXES. 1105
(f) The time, or times, when any indebtedness shall be incurred, or
money borrowed, and the time or times when any obligation or obligations
shall be issued under the provisions of this sub-title;
(g) The County Commissioners of each county, or the governing body
of each incorporated town or city as the case may be, shall have any and
all necessary implied incidental powers to carry into effect the express
powers hereinbefore set forth.
See art. 31, secs. 9-29 as to power to borrow for public works, etc.
1933 (Special Sess. ), ch. 91, sec. 204.
204. That all obligations incurred under the provisions of this sub-
title shall mature, and must be paid, within two years from the date when
said obligations were incurred.
1933 (Special Sess. ), ch. 91, sec. 205.
205. (a) That no county of this State shall incur an indebtedness for
the purposes as set forth in this sub-title, and under the provisions of this
sub-title, in excess of an aggregate amount equal to the total estimated
amount which would be raised by a levy of 8c on the county tax rate.
(b) That no incorporated town or city of this State shall incur an
indebtedness for the purposes as set forth in this sub-title, and under the
provisions of this sub-title, in excess of an aggregate amount equal to the
total estimated amount which would be raised by a levy of 8c on the
incorporated city or town tax rate.
1933 (Special Sess ), ch. 01, sec. 206.
206. (a) The County Commissioners of each county which shall have
availed itself of the provisions of this sub-title by borrowing money or
incurring indebtedness on its individual faith and credit are hereby
authorized, empowered and directed to levy county taxes of an amount
not in excess of 8c on each one hundred dollars ($100. 00) of assessable
property subject to county taxes, to be collected according to law in such
amount as will repay in full with interest the money borrowed or indebted-
ness incurred under this sub-title by such county within two years after
said indebtedness was incurred.
(b) The taxing body or bodies of each incorporated town or city of this
State which shall have availed itself of the provisions of this sub-title by
borrowing money or incurring indebtedness on its individual faith and
credit are hereby authorized, empowered and directed to levy town or city
taxes of an amount not in excess of 8c on each one hundred dollars
($100. 00) of assessable property, subject to town or city taxes, to be
collected according to law, in such amount as will repay in full with
interest the money or indebtedness incurred under this sub-title by such
town or city, within the period of two years after said indebtedness was
incurred.
1933 (Special Sess. ), ch. 91, sec. 207.
207. The administration, expenditure and accounting of all sum or
sums raised, borrowed or obtained by any county under the provisions of
|