§ 9396 Bond Denomination Limits

• •Bonds must be at least $100 each.
• •Bonds cannot be more than $1,000 each.
• •This rule was added in 1943.

If a city wants to sell bonds to raise money for a new park, each bond they sell must be between $100 and $1,000.

The city can't sell a bond for $50 or $1,500. They have to follow the rule and keep each bond between $100 and $1,000.