Sec. 3-16. Temporary borrowing. - Connecticut Statutes

      Sec. 3-16. Temporary borrowing. The Treasurer is authorized, subject to the approval of the Governor, to borrow such funds, from time to time, as may be necessary, and to issue the obligations of the state therefor, signed by him as Treasurer, which obligations shall be binding on the state and shall be redeemed by the Treasurer whenever, in his opinion, there are funds in the Treasury available for such purpose.

      (1949 Rev., S. 109.)