§ 17-4. Authority to issue tax anticipation certificates.

The board of county commissioners is hereby authorized to issue from time to time, by resolution, tax anticipation certificates for the purpose of defraying necessary expenses of the county government incurred for general county purposes. The principal of and interest on the certificates may be payable solely from anticipated proceeds of property or other taxes. The certificates shall be dated, shall bear interest at such rate or rates not exceeding that permitted by law, shall mature at such time or times not exceeding twelve (12) months from their date or dates, may be made redeemable before maturity at the option of the county, all as may be provided in the resolution. The board of county commissioners shall determine the form of the certificates, the manner of executing the certificates, the denominations of the certificates, and the place or places of payment of principal and interest, and all such provisions may appear in the authorizing resolution. The board of county commissioners may make such other provisions in the resolution affecting issuance of the certificates as the board of county commissioners deems necessary or desirable.

(Code 1965, § 33-6; Ord. No. 80-20, § 3, 11-10-80)