1360 ARTICLE 31

public works project or projects, or the issuance of the bonds therefor, or
the levy of a tax to pay the bonds to a referendum or an election (either
general, special or primary), the governing body of the municipality may,
notwithstanding the provisions of any other law, provide for such referen-
dum or vote after notice published at least once in a newspaper circulating
in the municipality at least five days (excluding Sundays) prior to such
referendum or election and no other notice shall be required. Such
referendum or election shall be held only if a referendum or election for
the municipality concerned shall now be required by law, or in the event
the governing body of said municipality shall in its sole discretion deter-
mine to submit the matter for such referendum or election. Such refer-
endum or election shall be held in substantial compliance with the appli-
cable provisions of the existing general or local laws consistent with the
provisions of this sub-title. If such referendum or election be held, then
the governing body shall be bound by the results thereof.

1933 (Special Sess.), ch. 30, sec. 6.

15. Any public works project or projects executed under the pro-
visions of this sub-title may, in the sole discretion of the governing body of
the municipality, be undertaken as a public works project wholly at the
expense of the municipality at large, notwithstanding the provisions of
any other law requiring a public works project to be undertaken under
such other law wholly or in part at the expense of the property especially
benefited thereby. Whenever any such public works project or projects
are to be paid for in the manner provided in Section 11, sub-section (e)
of this sub-title, by special assessments levied against the property to be
benefited, the governing body of the municipality may borrow sufficient
funds in advance to pay for such public works project or projects and
issue bonds as provided in this sub-title, redeemable or payable primarily
in the manner provided in Section 11, sub-section (e) of this sub-title,
and such funds may be borrowed and such bonds issued prior to the levy
of such special assessments or the determination of the governing body
of the municipality as to the amount of such special assessments so to be
levied.

1933 (Special Sess.), ch. 30, sec. 7.

16. The governing body of any municipality shall have power and is
hereby authorized from time to time to issue its negotiable bonds for the
purpose of financing the cost of any public works project. Said bonds
may be authorized by resolution of the governing body and shall be
issued in one or more series, shall bear such date or dates, mature at such
time or times, not exceeding forty years from their respective dates, bear
interest at such rate or rates, not exceeding four percentum (4%) per
annum, payable at such time or times, be in such denomination or denomi-
nations, be in such form, either coupon or registered, carry such registra-
tion privileges, to be executed in such manner, be payable in such medium
of payment, at such place or places, and be subject to such terms of
redemption, with or without premium, be declared or become due before
the maturity date thereof, as such resolution or subsequent resolutions
may provide. The bonds may be sold at public or private sale in such
blocks and for such price or prices as the governing body shall determine,
provided that the interest cost to maturity of the money received for any
issue of said bonds shall not exceed four percentum (4%) per annum.