441.54 BONDS NOT INDEBTEDNESS OF CITY.
All bonds issued under sections
441.47 to
441.55 shall be exempt from and shall not
constitute an indebtedness of any such city within the meaning of any provisions contained in the
charter of the city or in any law of the state prescribing, limiting, or fixing the time and manner
of payment of municipal bonds or prescribing, limiting, or fixing the time and manner of sale
of municipal bonds, and all such bonds may be authorized, issued, and sold by any such city as
provided in sections
441.47 to
441.55 notwithstanding any such charter or statutory provision.
History: 1941 c 286 s 8; 1973 c 123 art 5 s 7