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 § 45-12-9

Title 45Towns and cities

Ch. 45-12Indebtedness of Towns and Cities

This text of Rhode Island § 45-12-9 (§ 45-12-9. Retirement of bonds in 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 § 45-12-9 (2026).

Text

§ 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.