State And Local Government Finance : a Selectively Annotated Bibliography Council of Planning Librarians. Exchange Bibliography No. 783

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Zubrow. Recent Trends and Developiaents in Municipal Finance , U5 Pub. Mgt. 2U7-, November 1963 .
■"" -ARTICLES 1965-1966 Abbey. Municipal Industrial Development Bonds , 19 Vand L. Rev.
25, 1965.
This article is an indepth, erudite treatise of the whole of the law and exigencies surrounding the industrial devel- opment bond question. Starting with the grandfather of modem day legislation authorizing the issuance of such bonds, Mississippi's 1936 "balance agriculture with industry law, " the art
...icle proceeds to trace the historical and leg- islative development of the bond. Next, the author moves into the area of Federal and State constitutional challenges to the bonds, where the coiarts' attitudes are depicted as shifting from strict denial to almost complete acceptance by the mid-1960' s. From this point the author moves through discussions involving enabling legislation, lease reqxiire- ments and other necessary documentation. Federal income tax obstacles , SEC regulations, Federal bankruptcy act considerations, negotiable instruments law and UCC stipula- tions and factors of eminent domain.

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