§ 15-7-104 — Borrowing and issuance of bonds; fire prevention

A city or town may borrow money and issue the coupon bonds in an
amount not exceeding at one (1) time, four percent (4%) of the
assessed valuation of the city or town to acquire and purchase
supplies, equipment and apparatus for fire prevention and
control and to erect, construct or purchase buildings for
housing its fire extinguishing equipment and for the use of its
fire department in the transaction of its official business.
The bonds shall bear interest payable semiannually, be of the
denomination and be payable at a rate, at a place and in the
manner the governing body provides. The bonds shall be
redeemable after ten (10) years and payable in not more than
thirty (30) years after the time they are issued or payable
serially, as provided in W.S. 16-5-302.