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Form a Business

When no election required for issuance of bonds.

Memphis Charter, art. 78, § 872
in effect
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Sec. 872. - When no election required for issuance of bonds. No vote of the qualified electors upon the proposition of the issuance of bonds by the City of Memphis under the provisions of this Act shall be necessary, unless the full faith and credit of the City is pledged for the payment of the principal and interest of said bonds, and they shall become general liabilities of the City. (Priv. Acts 1935, ch. 108, § 5, 1st Spec. Sess.)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART78PUWOAC_S872WHNOELREISBOFetched: 10/28/2026

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