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 § 45-12-7

Title 45Towns and cities

Ch. 45-12Indebtedness of Towns and Cities

This text of Rhode Island § 45-12-7 (§ 45-12-7. Sinking fund provisions construed as additions to general sinking fund.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 45-12-7 (2026).

Text

§ 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.