Lease obligations and issuance of instruments authorized
Sec. 2. A political subdivision may, subject to the limitations
provided by law, issue any bonds, notes, or warrants, or enter into
any leases or obligations that it considers necessary.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.25-1995,
SEC.47.
Last modified: May 28, 2006