The General Act for the Incorporation of Villages, And By-Laws Legal Under the Act ...
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^^^ giiall, in any year, not be sufficient to pay the inter- est for that year on said loans, or in case in any year when any of the principal of the loans secured by said bonds falls due, the amount of said receipts for water rents, after making said deduction, together with the gum in the said sinking fund, shall not be suflScient to pay said principal, and also the said interest falling due that year, it shall be the duty of the board of trustees of said village, and they are hereby directed... to cause such deficiency to be assessed, levied and collected from the taxable property of said village at the same time and in the same manner as other expenses of said village are assessed, levied and collected, and the same shall be ap- plied to the payment of such interest or principal, or both, neport to § 17- The said commissioners shall annually, on the siwemsora, g^g^ ^^y ^j -^^y j^ ^^^^ jeav, and at all such other times as required by the board of supervisors of the county in which said village is situated, deliver to said board of supervisors a detailed statement of all their accounts, a general statement of all their work, and condition of their affairs aud state of finances, including a full detail ot the amount expended in the progress of the work, and ^ particular statement of any deficiency as to the water rent in meeting the principal and interest of the sum bor- rowed, as in the previous section hereinbefore referred 71 to, and all books and papers of ^^ery kind and descrip- tion kept by said commissioners, upon which are entries of their transactions as such, shall, at all times, be sub- ject to the inspection by said board of supervisors, and by every elector of said village.
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To quickly assess the difficulty of the text, read a short excerpt:
^^^ giiall, in any year, not be sufficient to pay the inter- est for that year on said loans, or in case in any year when any of the principal of the loans secured by said bonds falls due, the amount of said receipts for water rents, after making said deduction, together with the gum in the said sinking fund, shall not be suflScient to pay said principal, and also the said interest falling due that year, it shall be the duty of the board of trustees of said village, and they are hereby directed... to cause such deficiency to be assessed, levied and collected from the taxable property of said village at the same time and in the same manner as other expenses of said village are assessed, levied and collected, and the same shall be ap- plied to the payment of such interest or principal, or both, neport to § 17- The said commissioners shall annually, on the siwemsora, g^g^ ^^y ^j -^^y j^ ^^^^ jeav, and at all such other times as required by the board of supervisors of the county in which said village is situated, deliver to said board of supervisors a detailed statement of all their accounts, a general statement of all their work, and condition of their affairs aud state of finances, including a full detail ot the amount expended in the progress of the work, and ^ particular statement of any deficiency as to the water rent in meeting the principal and interest of the sum bor- rowed, as in the previous section hereinbefore referred 71 to, and all books and papers of ^^ery kind and descrip- tion kept by said commissioners, upon which are entries of their transactions as such, shall, at all times, be sub- ject to the inspection by said board of supervisors, and by every elector of said village.
What to read after The General Act for the Incorporation of Villages, And By-Laws Legal Under the Act ...?
You can find similar books in the "Read Also" column, or choose other free books by New York (State) to read onlineMoreLess
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