§ 12-317. Bond issue; tax levy to pay bonds

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(a) Bond issue. -- In accordance with its charter or a public general law or public local law, a county or municipal corporation may issue bonds or other evidence of indebtedness to carry out this subtitle.

(b) Tax levy to pay bonds. -- To pay the principal and interest on bonds or other evidence of indebtedness or an advance from its general fund, a county or municipal corporation may levy property taxes on the assessed value of all real property and classes of assessable personal property within the conversion district.

HISTORY: An. Code 1957, art. 78, § 64A(n); 1998, ch. 8, § 2.

                    
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