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Code · Louisiana · Title 48 — Roads, Bridges and Ferries

RS 48:632

74 words·~1 min read·/la/title-48/48-616

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RS 48:632
§632. Amount to be borrowed; payment of certificates of indebtedness
The amount so borrowed for and on behalf of the parish or district shall not exceed seventy-five per cent of the estimated income to be realized from the special tax previously voted in the parish or district. The special taxes collected and the income therefrom shall be dedicated and set aside to the payment of the certificates of indebtedness as they mature.
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