Sec. 203. Reservation of territorial power to control municipalities
96 words·~1 min read·
/bill/114/s/2676/is/section-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to the limitations imposed by title III, this title does not limit or impair the power of a Territory to control, by legislation or otherwise, a municipality of or in the Territory in the exercise of the political or governmental powers of such municipality, including expenditures for such exercise, but— a Territory law prescribing a method of composition of indebtedness of such municipality may not bind any creditor that does not consent to such composition; and a judgment entered under such a law may not bind a creditor that does not consent to such composition.