SEC. 59-9-81. Applicability of debt limitation.
The bonds or other obligations issued by counties or municipalities pursuant to this chapter shall not constitute a debt within the meaning of any statutory limitation as to the amount of debt which may be incurred by any such county or by any such municipality.
SOURCES: Codes, 1942, Sec. 7605-23; Laws, 1956, ch. 199, Sec. 23; 1967, Ex. Sess. ch. 6, Secs. 1-3, eff from and after passage (approved June 29, 1967).