2012
Statute
80-907. Same; tax levy for sinking fund; limitation. Any township, or townships, issuing bonds under this act shall annually levy a tax sufficient to pay the interest thereon, and after five years an amount sufficient to create a sinking fund to pay the principal at maturity; and any township, or townships, purchasing or acquiring or acting as trustee for grounds for a park or parks, or cemetery or cemeteries, is empowered and authorized to annually levy and collect a tax, not exceeding in any one year two mills on the dollar, to provide a fund for the purpose of meeting the annual expense of such grounds. |
History: L. 1923, ch. 241, § 3; March 3; R.S. 1923, 80-907. |
2020. Powered by KLISS. Rendered: 2020-11-27T04:59:05. Head Rev No: 345400
