The indebtedness incurred under the authority of this article shall not be included in computing the statutory limitation upon the indebtedness which may be incurred by school districts as provided in Article 1 of this chapter, or any other statute, but shall be in addition thereto. The only limitation upon the amount of indebtedness which may be incurred under the provisions of this article shall be that provided in Section 37-59-107.
Structure Mississippi Code
Chapter 59 - School Bonds and Obligations
Article 3 - Additional Authority to Issue Notes and Certificates of Indebtedness
§ 37-59-101. Purposes for which money may be borrowed
§ 37-59-103. Adoption of resolution of necessity by board of trustees of school district
§ 37-59-105. Declaration of intention by local authorities; election; issuance of indebtedness
§ 37-59-107. Annual levy of special tax
§ 37-59-111. Execution of negotiable notes or certificates of indebtedness; interest; maturity
§ 37-59-113. Disposition of proceeds of notes or certificates; disposition of balance of proceeds