70-1709. LOANS AND WARRANTS IN ANTICIPATION OF REVENUES. Any port commission is hereby authorized after making and certifying any such levy and prior to the receipt of taxes to be raised by levy in any fiscal year, to borrow money or issue warrants of the district in anticipation of the revenues to be derived by such district, and such indebtedness shall be paid and such warrants shall be redeemed from the first moneys available from such taxes when collected.
History:
[70-1709, added 1969, ch. 55, sec. 87, p. 144.]