...exceed such limitation. Upon or before issuing any bonds the board of education must, by resolution, provide for the collection of an annual tax sufficient to pay the interest and principal when due. The interest and sinking fund thus provided shall be set apart by the treasurer...

...November 2, 191S. and November 5, 1918. JSec also Section 15, Article в. Art. 9] [Art. 12 ness shall, at or before the time of so doing, provide for the...of an annual tax sufficient to pay the Interest and aleo the principal thereof within thirty years. State Sinking Fund — Of what Consisting — To be...

...whenever any city Is authorized to contract an Indebtedness It shall be required at the same time to provide for the collection of an annual tax sufficient to pay 'the Interest and to create a sinking fund. Is to be read Into Ky. St. { 3010, authorizing cities of the first class...

...Issued, no provltion had been made, In compliance with section 12 of article 9 of the Constitution, for the collection of an annual tax sufficient to pay the interest and principal of the bonds as the same become due. The aggregate of the principal of these bonds is $149,000....

...20 years and may not bear interest in excess of 5 percent per annum. Provisions must first be made for the collection of an annual tax sufficient to pay the interest, and also to constitute a sinking iund to pay the principal at maturity. No bonds may be sold during any 1 year...

...20 years and may not bear interest in excess of 5 percent per annum. Provisions must first be made for the collection of an annual tax sufficient to pay the interest, and also to constitute a sinking fund to pay the principal at maturity. No bonds may be sold during any 1 year...

...follows: "Any County, Township, School District or other municipality, incurring any indebtedness shall, at or before the time of so doing, provide for the...and also the principal thereof within thirty years." The second thereof — "Whether the proposed contract, specifications, plans and bid, do not leave...

...indebtedness is increased the municipal authorities must provide for the collection of an annual tax to pay the interest and also the principal thereof within thirty years. If your borough has creatt da sinking fund to redeem these bonds in accordance with the constitutional...

...township, school district or other municipality incurring any indebtedness shall, at or before the tune of so doing, provide for the collection of an annual...and also the principal thereof within thirty years. Recommended No Change. Section 11 - State Sinking Fund Current To provide for the payment of the present...

...treasury as a prerequisite of a school district's right to contract. It is sufficient if provision is made for the collection of an annual tax sufficient to pay the interest and principal of the obligation incurred within thirty years: Constitution of Pennsylvania, art. IX, §...