1370 ARTICLE 31

ments so enumerated, and in no event shall bonds be issued by any public
body for any public or proprietary purpose to mature more than forty
(40) years from date, of issue. The public improvements hereinabove
referred to and the maximum number of years during which bonds for
such improvements may be outstanding are as follows:

Maximum Limit Upon

Purpose of Issue Maturity of Issue

Bridges 30 years

Electric Light and Power Systems 25 years

Gas Systems 25 years

Grade Crossing Eliminations 25 years

Harbor Improvements 25 years

Highway Construction 20 years
Land Acquired for Permanent Improvements 40 years

Paving Existing Highways or Streets 10 years

School Construction 25 years

Sewerage Installation 40 years

Water Systems 40 years

All Other Permanent Structures of Durable Materials 25 years

In the event any public body shall wish to provide in a single issue of
bonds for two or more of the purposes hereinabove enumerated, and the
maximum maturity limitations hereinabove set forth shall differ for said
several purposes, then the shortest period of limitations for said several
public purposes shall prevail.