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  • TITLE 8
    Limitations On the Power to Contract Indebtedness
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  • SECTION 101.00
    Giving or loaning of municipal credit and contracting indebtedness other than for municipal purposes prohibited
    • This entry was published on 2014-09-22
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    SECTION 100.00

    Requirement of pledge of faith and credit

    Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 8

    § 100.00 Requirement of pledge of faith and credit. Every
    municipality, school district and district corporation shall pledge its
    faith and credit for the payment of all indebtedness contracted by it.