PART VIII. PROVISIONS APPLICABLE TO
MORE THAN ONE PORT OR HARBOR
SUBPART A. TAXING AND BONDING AUTHORITY
§338.1. Special tax; bonding; election
For the purpose of obtaining funds for the maintenance, operation and improvement of the facilities of the district, each port, harbor and terminal district heretofore or hereafter created under the constitution and laws of this state is hereby authorized to levy on the taxable property within the district a special ad valorem tax not in excess of ten mills on the dollar of assessed valuation and to pledge all or part of the revenues therefrom to the payment of bonds to be issued by the district, provided the levy of the tax and the issuance of the bonds shall have been authorized by vote of a majority in number and amount of the property taxpayers qualified to vote in an election to be called and held for that purpose in accordance with existing laws.
Acts 1969, No. 43, §1.
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