237.37 BONDS TO CONSTRUCT.
For the purpose of constructing, acquiring, operating, or maintaining a township telephone
system or local exchange, as in sections
237.33 to
237.40 provided, any organized town is hereby
authorized to issue and sell its bonds in the same manner, under the same procedure, and within
the same limitations as provided by law for the issuance and sale of town road and bridge bonds;
and the board of supervisors and their successors are hereby authorized to levy and in due form
certify to the auditor of the county in which such town is situated, a tax upon the taxable property
of the town to provide for the payment of installments of principal and interest as they mature, in
the manner provided in the case of town road and bridge bonds.
History: (5316) 1921 c 439 s 5