§45-8A-23.263. Contracts extending beyond one year.

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No contract involving the payment of money out of the appropriation of more than one year shall be made for a period of more than five years, nor shall any such contract be valid unless made or approved by ordinance, and signed in the name of the city by the mayor and countersigned by the manager.

(Acts 1953, No. 404, p. 472, §9.04.)

                    
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