McNeill v. Town of Whiteville

It bas been beld in this Court on numerous occasions that water and sewerage bonds are for a necessary expense, and as sucb can be issued without the approval of tbe voters. Swindell v. Belhaven, 173 N. C., 1. This principle bas not been changed by cbajoter 106, Extra Session 1921. It is true that section 2943 of said chapter does not specifically mention sewerage bonds in naming the deductions to be considered in arriving at the net indebtedness of a municipality; but it does include in said section 2943 (b) in “the deductions to be made from gross debt in computing net debt,” among the…