Code · Louisiana · Title 38 — Public Contracts, Works and Improvements

RS 38:1541

81 words·~1 min read·/la/title-38/38-35

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 38:1541

PART IV. BOND ISSUES

§1541. Funding or refunding bonds

Any drainage district created or organized prior to the year 1921, or any sub-district of a drainage district, may, issue funding or refunding bonds, for the purpose of adjusting, readjusting, funding, refunding, extending, or unifying any or all of its authorized indebtedness, bonded or otherwise, or both, incurred in draining and reclaiming by means of levees and pumps any or all of the lands in the drainage district or sub-district.