Obligations exceeding debt limitations not validated.

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6-8-4. Obligations exceeding debt limitations not validated.

Section 6-8-3 shall not be construed as attempting to validate evidences of indebtedness issued by such political subdivision in excess of the constitutional or statutory limitations upon its indebtedness.

Source: SL 1967, ch 350, §4; SL 1969, ch 291, §4.


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