Rhode Island § 45-12-9 § 45-12-9. Retirement of bonds in sinking fund.

Rhode Island Statutes

§ 45-12-9 — § 45-12-9. Retirement of bonds in sinking fund.

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

§ 45-12-9. Retirement of bonds in sinking fund.
Whenever a city or town has purchased any of its own outstanding bonds for investment
            in its sinking fund, the city or town may at the option of the sinking fund commission,
            if any, or by vote of the town council or city council, retire and permanently cancel
            the bonds, and upon that retirement all interest payments on the cancelled bonds shall
            cease.
         

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§ 45-12-9. Retirement of bonds in sinking fund.

Whenever a city or town has purchased any of its own outstanding bonds for investment in its sinking fund, the city or town may at the option of the sinking fund commission, if any, or by vote of the town council or city council, retire and permanently cancel the bonds, and upon that retirement all interest payments on the cancelled bonds shall cease.

Rhode Island § 45-12-9 (§ 45-12-9. Retirement of bonds in sinking fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.