Rhode Island § 45-12-7 § 45-12-7. Sinking fund provisions construed as additions to general sinking fund.

Rhode Island Statutes

§ 45-12-7 — § 45-12-7. Sinking fund provisions construed as additions to general sinking fund.

Rhode Island·Title 45 Towns and cities·Ch. 45-12 Indebtedness of Towns and Cities

§ 45-12-7. Sinking fund provisions construed as additions to general sinking fund.
Whenever in any general law, public law, act, or resolution of the general assembly,
            authority has been given to a city or town for the issuance of bonds, and provision
            has been made for the establishment of a sinking fund to extinguish the debt at its
            maturity, that provision shall be construed to mean an addition to the general sinking
            fund of the city or town for the redemption of the bonds of the respective city or
            town at their maturities as provided in this chapter.
         

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§ 45-12-7. Sinking fund provisions construed as additions to general sinking fund.

Whenever in any general law, public law, act, or resolution of the general assembly, authority has been given to a city or town for the issuance of bonds, and provision has been made for the establishment of a sinking fund to extinguish the debt at its maturity, that provision shall be construed to mean an addition to the general sinking fund of the city or town for the redemption of the bonds of the respective city or town at their maturities as provided in this chapter.

Rhode Island § 45-12-7 (§ 45-12-7. Sinking fund provisions construed as additions to general sinking fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.