2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:743 - Requisites of certificates of indebtedness
§743. Requisites of certificates of indebtedness
The certificates of indebtedness shall be made due and payable annually not later than March first of any future year; provided that certificates of indebtedness issued by municipalities and parishes shall mature within five years from the date of their issuance.
The certificates of indebtedness shall bear a rate of interest not greater than six per cent per annum; they shall be issued in such manner and form as the governing authority of the municipality or parish may provide; and they shall be legal and valid obligations of the municipality or parish on behalf of which they were issued.
Amended by Acts 1952, No. 127, §14; Acts 1961, No. 52, §1.
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