Section 11-47-4
Authority for issuance of bonds after reorganization.
Bonds authorized to be issued by cities and towns of the state by act of the legislature before the adoption of the constitution or by laws adopted since the adoption of said constitution may be issued by such municipality, the same after becoming reorganized under the applicable provisions of this title as before.
(Code 1907, §1181; Code 1923, §1897; Acts 1932, Ex. Sess., No. 213, p. 215; Acts 1935, No. 68, p. 155; Code 1940, T. 37, §465.)