Municipality's obligations not within debt limitations

The obligations assumed and undertaken by a municipality pursuant to a lease or sublease made under § 12-2-302(3) , including any unconditional or other obligation to pay rentals for a fixed term or terms, shall not be deemed or construed as constituting a debt of the municipality within the terms, provisions or limitations of any constitutional, statutory, charter or other limitations. Acts 1965, ch. 328, § 4; T.C.A., § 12-232. The obligations assumed and undertaken by a municipality pursuant to a lease or sublease made under § 12-2-302(3) , including any unconditional or other obligation to pay rentals for a fixed term or terms, shall not be deemed or construed as constituting a debt of the municipality within the terms, provisions or limitations of any constitutional, statutory, charter or other limitations. Acts 1965, ch. 328, § 4; T.C.A., § 12-232.