The authority is authorized to borrow money without an election in anticipation of taxes or other revenues, or both, and to issue notes to evidence the amount so borrowed.
History: 1953 Comp., § 75-36-41, enacted by Laws 1963, ch. 311, § 41.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 24.
64 C.J.S. Municipal Corporations § 1905.