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Kentucky Constitution

Article Municipalities, § 159 — Tax to pay indebtedness in not more than forty years must be levied

Kentucky Const. art. Municipalities, § 159

This text of Kentucky Const. art. Municipalities, § 159 (Tax to pay indebtedness in not more than forty years must be levied) is published on Counsel Stack Legal Research, covering Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionKentuckyDocumentConstitution
ArticleMunicipalities
Section§ 159
CitationKentucky Const. art. Municipalities, § 159
Bluebook
Ky. Const. art. Municipalities, § 159.

Full Text

Whenever any city, town, county, taxing district or other municipality is authorized to contract an indebtedness, it shall be required, at the same time, to provide for the collection of an annual tax sufficient to pay the interest on said indebtedness, and to create a sinking fund for the payment of the principal thereof, within not more than forty years from the time of contracting the same.

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History

Text as Ratified on: August 3, 1891, and revised September 28, 1891. History: Not yet amended.

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Bluebook (online)
Kentucky Const. art. Municipalities, § 159, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ky/Municipalities/159.