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AGO Opinions with Topic: PURCHASE ON INSTALLMENT PLAN
AGO 1957 No. 136 >  November 26, 1957
SCHOOL DISTRICTS - REAL PROPERTY - PURCHASE ON INSTALLMENT PLAN
SCHOOL DISTRICTS ‑- REAL PROPERTY ‑- PURCHASE ON INSTALLMENT PLAN A school district which has an indebtedness in excess of one and one‑half per cent of the last assessed valuation of property in the district cannot purchase real property on an installment contract without prior approval of the electors of the district.
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