Bonds issued under this Sub-part are not subject to the limitations as to the amount of bonded debt in a parish, based upon the amount of the assessed value of taxable property.
La. R.S. 48:874
Limitation of bonded debt
Known as the Bridge Revenue Bond Law
The act spans §§ 48–48 (81 sections).
Amended by Acts 1952, No. 127, §19.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.