§ 11-2. Improvement District Securities, Pledge of Credit.

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Securities for any local improvement district payable from special assessments, which payment may be additionally secured as provided in this Charter and in ordinances not inconsistent with this Charter, shall not be subject to any debt limitation or affect the Town's debt-incurring power, nor shall such securities be required to be authorized at any election; and such securities shall not be held to constitute a prohibited lending of credit or donation, or to contravene any provision of the Constitution or State statutes, or any Charter limitation or restriction.

                    
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