48-681. Borrowing power of cities and towns
40 words·~1 min read·
/az/title-48/48-681A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An incorporated city or town, in addition to other powers conferred upon it by law, may borrow money and issue bonds for the purpose of improvement, construction, reconstruction, acquisition of rights of way or maintenance of municipal streets and highways.