76.4  Permissive application of funds.

Whenever the governing authority of such political subdivision shall have on hand funds derived from any other source than taxation which may be appropriated to the payment either of interest or principal, or both principal and interest of such bonds, such funds may be so appropriated and used and the levy for the payment of the bonds correspondingly reduced.

Section History: Early form

  [C27, 31, 35, § 1179-b3; C39, § 1179.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 76.4]

Internal References

  Referred to in § 76.5

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