Section 7-35-420 - Borrowing and bonds authorized

For the purpose of defraying the cost of acquiring a waterworks or sewerage system or any extensions to the waterworks or sewage system either by purchase or construction, or both, any municipal corporation may borrow money and issue its bonds and notes pursuant to the Local Government Public Obligations Act of 1986, compiled in title 9, chapter 21.Acts 1933, ch. 68, § 3; C. Supp. 1950, § 3695.3; Acts 1969, ch. 284, § 2; T.C.A. (orig. ed.), § 6-1427; Acts 1988, ch. 750, § 21.