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" incurring any indebtedness shall provide for the collection of a direct annual tax sufficient to pay the interest on such debt, as it falls due, and also to pay and discharge the principal thereof, within twenty years after contracting the same. "
Laws - Page 354
by Illinois - 1923
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Annual Report

Chicago (Ill.). Department of Public Works - 1890 - 632 pages
...TAX—NET E.ARNINGS.] § 10. At the time or before incurring any indebtedness, the board of trustees shall provide for the collection of a direct annual...and also to pay and discharge the principal thereof as the same shall fall due, and at least within twenty years from the time of contracting the same...
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The Clerk's Manual of Rules, Statutes, Procedures and Precedents Applicable ...

1890 - 420 pages
...therein ; and such law shall impose and provide for the collection of a direct annual tax to pay, and sufficient to pay the interest on such debt as it falls due and also to pay and discharge the principal of such debt within eighteen years from the time of the contracting thereof. No such law...
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Laws of the State of Wisconsin, Volume 2

Wisconsin - 1891 - 1372 pages
...and said city shall at or before the time of issuing such bonds or borrowing such money, provide for a direct annual tax. sufficient to pay the interest...to pay and discharge the principal thereof within the time above limited. the l awg Q f 18g5) an( j sect j on i o f chapter 77 of SECTION 3. Section...
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Laws of the State of Wisconsin, Volume 1

Wisconsin - 1891 - 1162 pages
...before the time of issuing any such bonds or certificates, or of borrowing; such money, provide for a direct annual tax, sufficient to pay the interest...to pay and discharge the principal thereof within the time above limited. Proposition to SECTION 3. No debt shall be contracted under to% 8 oteofpeo-...
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State of Wisconsin Blue Book

Wisconsin - 1891 - 784 pages
...municipal corporation, incurring any indebtedness as aforesaid, shall before or at the time of doing so, provide for the collection of a direct annual tax sufficient to pay the interest on said debt as it falls due, and also to pay and ciischarge the principal thereof within twenty years...
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Illinois, Historical and Statistical: Comprising the Essential ..., Volume 2

John Moses - 1892 - 856 pages
...municipal corporation, incurring any indebtedness as aforesaid, shall before, or at the time of doing so, provide for the collection of a direct annual tax...discharge the principal thereof within twenty years from the time of contracting the same. This section shall not be construed to prevent any county, city,...
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Illinois, Historical and Statistical: Comprising the Essential ..., Volume 2

John Moses - 1892 - 880 pages
...municipal corporation, incurring any indebtedness as aforesaid, shall before, or at the time of doing so, provide for the collection of a direct annual tax...discharge the principal thereof within twenty years from the time of contracting the same. This section shall not be construed to prevent any county, city,...
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The national government. The state governments

James Bryce Bryce (Viscount) - 1893 - 760 pages
...municipal corporation incurring any indebtedness as aforesaid, shall, before or at the time of doing so, provide for the collection of a direct annual tax...discharge the principal thereof within twenty years from the time of contracting the same. CALIFORNIA: Constitution of 1879 _ the qualified electors thereof,...
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The American Commonwealth: The national government. The state governments

James Bryce Bryce (Viscount) - 1897 - 792 pages
...shall, before or at the time d doing so, provide for the collection of a direct annual tax sufficient In pay the interest on such debt as it falls due, and also to pay and dischars the principal thereof within twenty years from the time of contracting lin same. CALIFORNIA:...
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The Convention Manual, Volume 1, Part 2

New York (State). Constitutional Convention, George A. Glynn - 1894 - 1518 pages
...municipal corporation incurring any indebtedness as aforesaid, shall before, or at the time of doing so, provide for the collection of a direct annual tax...discharge the principal thereof within twenty years from the time of contracting the same. This section shall not be construed to prevent any county, city,...
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