§ 8-16-2-7 — Tax levy

Indiana § 8-16-2-7

• Jurisdiction: Indiana
• Art. 16: BRIDGES AND TUNNELS
• Ch. 2: Interstate Toll Bridges

Text

For the purpose of raising money to pay said
bonds and interest thereon, as provided in this chapter, the proper
officers of every county issuing bonds under authority of this chapter
shall, as soon as said bonds are sold and annually thereafter at the time
the general tax levy is made, levy a tax, in addition to all other taxes
authorized by law to be levied by such county, upon the property within
said county subject to taxation, in such manner as to meet the principal
and interest of said bonds as they become due, and such tax shall be
levied and collected as other taxes are levied and collected, and shall
be applied to the payment of such bonds and interest provided, that if
any other funds provided by law for the payment of said bonds and
interest shall come to the hands of the proper officer of said county and
be available for payment on said bonds and interest, the tax in this
section provided for may be abated to the extent only that such other
funds provided by law may be actually available for payment of such
bonds and interest at the time for making any such annual tax levy.
Formerly: Acts 1927, c.10, s.7. As amended by P.L.66-1984,
SEC.60.