- (1) The refunding bonds shall be authorized by resolution of the governing body of the municipality. Such resolution may be adopted at a regular or special meeting and at the same meeting at which they are introduced by a majority of all the members of the governing body then in office. Such resolution shall take effect immediately upon the adoption thereof.
- (2) No other proceedings or procedure of any character whatever shall be required for the issuance of refunding bonds by the municipality.
History: En. Sec. 4, Ch. 121, L. 1937; R.C.M. 1947, 79-1904.