Section 31-21-107 - Ordinance irrepealable

Any ordinance authorizing an issue of funding bonds under the provisions of this part 1 and providing for the levy of taxes for the payment of the interest upon the principal of such funding bonds shall not be altered or repealed until the indebtedness thereby authorized has been fully paid.L. 75: Entire title R&RE, p. 1135, § 1, effective July 1.This section is similar to former § 31-21-107 as it existed prior to 1975.