§ 250.449.

LIMITATION ON AMOUNT

A Bond Anticipation Note may be issued in such principal amount as is set forth in the Resolution authorizing its issuance, which may include interest on the Note for its full term; provided, however, that such Note shall not be issued in a principal amount at any time outstanding which, when added to the interest payable thereon for the full period of the Note shall exceed the authorized principal amount of the unissued bonds described in the Resolution authorizing the issuance of the Note.

History

(Added by Ord. 225-81, App. 5/5/81)

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