RS 17:2152 Board's authority to borrow money and issue bonds for construction, etc., of educational facilities - Louisiana Statutes

§2152.  Board's authority to borrow money and issue bonds for construction, etc., of educational facilities

In order to obtain ready funds for the purposes authorized in R.S. 17:2151, the board of education may borrow money and, as evidence thereof, issue negotiable bonds or other obligations of the board, not to exceed six million dollars.  These bonds may be issued at one time or from time to time, in the discretion of the board.