§11-50-99. Disposition of proceeds from sale of bonds.

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The proceeds from the sale of bonds authorized to be issued by this division shall be applied only to the payment of the cost of the sewer or sewers or sewer system designated in the ordinance providing for their issue.

(Acts 1923, No. 165, p. 134; Code 1923, §2114; Code 1940, T. 37, §639.)

                    
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