Arizona Laws 48-681. Borrowing power of cities and towns
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An incorporated city or town, in addition to other powers conferred upon it by law, may borrow money and issue bonds for the purpose of improvement, construction, reconstruction, acquisition of rights of way or maintenance of municipal streets and highways.
Terms Used In Arizona Laws 48-681
- city: includes incorporated cities and towns. See Arizona Laws 48-571
- improvement: includes any or all of the improvements mentioned and authorized to be made in this and article 1 of this chapter and the construction, reconstruction and repair of all or any portion of the improvements, and all labor, services, incidental expenses and material necessary or incidental to the construction, reconstruction or repair. See Arizona Laws 48-571