Borrowing power - Bonds

Each municipality and county of the state, acting by and through its governing body, is authorized to borrow money and to issue and sell bonds of such municipality or county pursuant to title 9, chapter 21 for the purpose of providing the funds necessary to carry out the purposes of §§ 58-4-206 - 58-4-208. Acts 1945, ch. 131, § 3; C. Supp. 1950, § 1012.20 (Williams, § 1012.23); T.C.A. (orig. ed.), § 7-908; Acts 1988, ch. 750, § 65. Each municipality and county of the state, acting by and through its governing body, is authorized to borrow money and to issue and sell bonds of such municipality or county pursuant to title 9, chapter 21 for the purpose of providing the funds necessary to carry out the purposes of §§ 58-4-206 - 58-4-208. Acts 1945, ch. 131, § 3; C. Supp. 1950, § 1012.20 (Williams, § 1012.23); T.C.A. (orig. ed.), § 7-908; Acts 1988, ch. 750, § 65.