§ 9. Indebtedness.

Latest version.

Except as provided in this ordinance, the board of directors shall not create indebtedness or incur obligations for any purpose or amount which it is unable to pay out of the MSBU funds properly appropriated therefore in its current annual budget, as the same may from time to time be amended, as provided herein.

( Ord. No. 16-05 , § 2, 3-15-16)

                    
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