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Pennsylvania Statutes Title 8 Pa.C.S.A. Boroughs and Incorporated Towns § 2426. Bond issue and limitations

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Bond issue.--For the purpose of purchasing a water system, the borough may issue utility bonds in the manner provided by 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing). 1

(b) Limitations.--The bonds shall not exceed in amount the value fixed by the appraisers or the court of common pleas. The proceeds of the sale of the bonds shall be used exclusively for the purpose of paying for the property acquired.

1 53 Pa.C.S.A. § 8001 et seq.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 8 Pa.C.S.A. Boroughs and Incorporated Towns § 2426. Bond issue and limitations - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-8-pacsa-boroughs-and-incorporated-towns/pa-csa-sect-8-2426/

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