State Codes and Statutes

Statutes > New-york > Gmu > Article-2 > 7

§  7.  Payment  of  municipal  bonds.  Where  the bonds of a municipal  corporation have been lawfully issued, and the payment of the  principal  or  interest thereof shall not have been otherwise paid or provided for,  the same shall be a charge upon such corporation, and  shall  be  levied  and  assessed,  collected  and paid the same as other debts and charges.  When for any reason any portion of the principal or  interest  due  upon  such  bonds shall not have been paid, the same shall be assessed, levied  and collected at the first assessment and collection of  taxes  by  such  corporation after such omission.

State Codes and Statutes

Statutes > New-york > Gmu > Article-2 > 7

§  7.  Payment  of  municipal  bonds.  Where  the bonds of a municipal  corporation have been lawfully issued, and the payment of the  principal  or  interest thereof shall not have been otherwise paid or provided for,  the same shall be a charge upon such corporation, and  shall  be  levied  and  assessed,  collected  and paid the same as other debts and charges.  When for any reason any portion of the principal or  interest  due  upon  such  bonds shall not have been paid, the same shall be assessed, levied  and collected at the first assessment and collection of  taxes  by  such  corporation after such omission.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gmu > Article-2 > 7

§  7.  Payment  of  municipal  bonds.  Where  the bonds of a municipal  corporation have been lawfully issued, and the payment of the  principal  or  interest thereof shall not have been otherwise paid or provided for,  the same shall be a charge upon such corporation, and  shall  be  levied  and  assessed,  collected  and paid the same as other debts and charges.  When for any reason any portion of the principal or  interest  due  upon  such  bonds shall not have been paid, the same shall be assessed, levied  and collected at the first assessment and collection of  taxes  by  such  corporation after such omission.