NOTE: §743 eff. until July 1, 2021. See Acts 2018, No. 569.
§743. Requisites of certificates of indebtedness
The certificates of indebtedness shall be made due and payable annually not later than March first of any future year; provided that certificates of indebtedness issued by municipalities and parishes shall mature within five years from the date of their issuance.
The certificates of indebtedness shall bear a rate of interest not greater than six per cent per annum; they shall be issued in such manner and form as the governing authority of the municipality or parish may provide; and they shall be legal and valid obligations of the municipality or parish on behalf of which they were issued.
NOTE: §743 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
§743. Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Amended by Acts 1952, No. 127, §14; Acts 1961, No. 52, §1; Acts 2018, No. 569, §2, eff. July 1, 2021.
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