10-118. Sinking fund levy to pay bonds maturing at same time.
10-118
10-118. Sinking fund levy to pay bonds maturing at same time.
Whenever any municipality has issued bonds the entire amount of which
become due and payable at the same time, it shall be the duty of the proper
officers of such municipality to levy in each year a sinking fund
sufficient to pay the said bonds when due, in addition to the tax necessary
to pay the interest thereon.
History: R.S. 1923, § 10-118; Dec. 27.