Louisiana Statutes
§ 33:4227 — Sale for less than par or diversion of proceeds prohibited
Louisiana § 33:4227
JurisdictionLouisiana
Title 33Municipalities and Parishes
This text of Louisiana § 33:4227 (Sale for less than par or diversion of proceeds prohibited) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 33:4227 (2026).
Text
Bonds issued under the provisions of this Sub-part shall be sold at an interest rate not greater than six per cent (6%) per annum. Under no conditions shall they be sold at a price less than par. The proceeds thereof shall not be used for any purpose other than that for which the bonds issued, as set forth in the resolution ordering the election to authorize the issue.
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Legislative History
Amended by Acts 1968, No. 44, §1.
Nearby Sections
15
§ 33:421
§ 33:421§ 33:422
Clerk to act as auditor; paying fines and forfeitures into treasury; inspection of auditor's books§ 33:4221
§ 33:4221§ 33:4223
Election§ 33:4226
Contesting election§ 33:4228
Combination of two or more utilities§ 33:423
Duties of marshalCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 33:4227, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/33%3A4227.