§ 7.16. Inclusion of certain notes, etc., in determining Constitutional debt limit

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  • All notes or other evidences of debt issued pursuant to §§ 7.09 through 7.15, inclusive, of this chapter shall, unless payable within one year of their issue, or the date of the original obligation if the issue is a renewal, and not past due, be included in determining the limitation on indebtedness in accordance with Article VII, Section 10 of the Constitution.