7-7-2221. Issuance of certain general obligation bonds without election.
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/mt/title-7/chapter-7/part-22/7-7-2221·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-7-2221 . Issuance of certain general obligation bonds without election. Bonds may be issued without submitting the same to an election if the bonds are issued for the purpose of:
(1)enabling a county to liquidate its indebtedness to another county incident to the creation of a new county or the changing of a county boundary line, as set forth in 7-7-2201 (5); and
(2)funding, paying in full, or compromising, settling, and satisfying any judgment which may have been rendered against the county in a court of competent jurisdiction, as set forth in 7-7-2202 and 15-1-402 .