HB 150, 43rd 2nd C.S.
Relating to establishing a uniform method whereby any legal subdivision of this State may effect a composition of creditors for the purpose of paying off the indebtedness incurred by it through the issuance and sale of bonds and/or warrants, and thereby providing prompt relief for those subdivisions unable to meet such indebtedness in full because of the prevailing unprecedented economic condition.
Author: William C. Shults
Coauthor: Jesse Caldwell Duvall
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