New York § 7 Payment of municipal bonds

New York Statutes

§ 7 — Payment of municipal bonds

New York § 7

Law GMUGeneral Municipal

Art. 2General Municipal Finances

This text of New York § 7 (Payment of municipal bonds) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General Municipal § 7 (2026).

Text

  § 7. Payment of municipal bonds. Where the bonds of a municipal\ncorporation have been lawfully issued, and the payment of the principal\nor interest thereof shall not have been otherwise paid or provided for,\nthe same shall be a charge upon such corporation, and shall be levied\nand assessed, collected and paid the same as other debts and charges.\nWhen for any reason any portion of the principal or interest due upon\nsuch bonds shall not have been paid, the same shall be assessed, levied\nand collected at the first assessment and collection of taxes by such\ncorporation after such omission.\n

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§ 7. Payment of municipal bonds. Where the bonds of a municipal\ncorporation have been lawfully issued, and the payment of the principal\nor interest thereof shall not have been otherwise paid or provided for,\nthe same shall be a charge upon such corporation, and shall be levied\nand assessed, collected and paid the same as other debts and charges.\nWhen for any reason any portion of the principal or interest due upon\nsuch bonds shall not have been paid, the same shall be assessed, levied\nand collected at the first assessment and collection of taxes by such\ncorporation after such omission.\n