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Authority of City to issue bonds; amount not to exceed estimated cost.

Memphis Charter, art. 54, § 558
in effect
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Sec. 558. - Authority of City to issue bonds; amount not to exceed estimated cost. The governing authorities of such municipalities shall have the right and power to issue negotiable bonds of the municipality to any amount in par value not to exceed the amount of the estimated cost to be paid by the owners of property other than the City in such improvement district as said estimated cost is determined and fixed after all preliminary steps have been taken and the work is ready to be begun. (Priv. Acts 1923, ch. 426, § 10)
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_ART54STIMUNDIPLNOFRFO_S558AUISBOAMNOEXESCOFetched: 10/28/2026

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