State Codes and Statutes

Statutes > New-york > Vil > Article-18 > 18-1802

§  18-1802  Taxes to pay interest and principal of town highway bonds.  The board of trustees of a village which has had or may  hereafter  have  its  boundaries  extended  when  authorized  by  a  majority vote of the  electors thereof at a referendum duly called therein, in behalf of  said  village,  may  by  contract with the town or towns in which said village  lies agree to assume and pay that part of the town taxes to be levied in  future years by such town or towns to  pay  principal  and  interest  of  obligations  sold  to  improve  and  pave highways in said town or towns  which taxes will, when levied, become a lien upon property in  territory  annexed  to  said  village,  and  to the extent contracted for, the said  taxes shall be collectible by the town or towns from  said  village  and  become  a  general village charge, and when said village shall have paid  such part of said town taxes  the  property  in  the  annexed  territory  subject to such levy shall be relieved from paying the part thereof paid  by said village.

State Codes and Statutes

Statutes > New-york > Vil > Article-18 > 18-1802

§  18-1802  Taxes to pay interest and principal of town highway bonds.  The board of trustees of a village which has had or may  hereafter  have  its  boundaries  extended  when  authorized  by  a  majority vote of the  electors thereof at a referendum duly called therein, in behalf of  said  village,  may  by  contract with the town or towns in which said village  lies agree to assume and pay that part of the town taxes to be levied in  future years by such town or towns to  pay  principal  and  interest  of  obligations  sold  to  improve  and  pave highways in said town or towns  which taxes will, when levied, become a lien upon property in  territory  annexed  to  said  village,  and  to the extent contracted for, the said  taxes shall be collectible by the town or towns from  said  village  and  become  a  general village charge, and when said village shall have paid  such part of said town taxes  the  property  in  the  annexed  territory  subject to such levy shall be relieved from paying the part thereof paid  by said village.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Vil > Article-18 > 18-1802

§  18-1802  Taxes to pay interest and principal of town highway bonds.  The board of trustees of a village which has had or may  hereafter  have  its  boundaries  extended  when  authorized  by  a  majority vote of the  electors thereof at a referendum duly called therein, in behalf of  said  village,  may  by  contract with the town or towns in which said village  lies agree to assume and pay that part of the town taxes to be levied in  future years by such town or towns to  pay  principal  and  interest  of  obligations  sold  to  improve  and  pave highways in said town or towns  which taxes will, when levied, become a lien upon property in  territory  annexed  to  said  village,  and  to the extent contracted for, the said  taxes shall be collectible by the town or towns from  said  village  and  become  a  general village charge, and when said village shall have paid  such part of said town taxes  the  property  in  the  annexed  territory  subject to such levy shall be relieved from paying the part thereof paid  by said village.