Section 21-41-41 - Borrowing money to make improvements

The governing authorities of every municipality in the state, which have heretofore or may hereafter declare their intention of authorizing any of the special improvements enumerated in Section 21-41-3, the cost of which is to be paid in whole or in part by the owners of property abutting to the proposed improvement, are authorized, in their discretion, to borrow money for said proposed improvement, including that portion of the cost thereof which is to be paid by the municipality and is not assessed against the property benefited, and to issue negotiable notes, certificates of indebtedness or special street improvement bonds therefor.Codes, 1930, § 2570; 1942, § 3664-19; Laws, 1924, ch. 194; Laws, 1950, ch. 495, § 19, eff. 7/1/1950.