Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In each county owing a bonded debt, there shall be a board, designated as the trustees of the sinking fund, composed of the prosecuting attorney, the county auditor, and the county treasurer. The prosecuting attorney shall be the president of such board […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund shall provide for the payment of all bonds issued by the county and the interest maturing thereon. All taxes, assessments, and other moneys collected for such purposes, or held in the county treasury to […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Immediately after each semiannual settlement of taxes and assessments, the county auditor shall report to the board of trustees of the sinking fund the amount in the county treasury to the credit of the sinking fund.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund shall invest all moneys subject to its control in bonds of the United States, of this state, or of a municipal corporation, school district, township, or county of the state, and shall hold in […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The meetings of the board of trustees of the sinking fund shall be open to the public, and all questions relating to the purchase or sale of securities or the payment of bonds or interest shall be decided by a yea and […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Money shall be drawn from the county treasury for investment or disbursement by the board of trustees of the sinking fund by the issuance of a voucher, signed by all the members of the board and directed to the county auditor, on […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of trustees of the sinking fund shall keep a full and complete record of its transactions, a complete record of the funded debt of the county specifying the dates, purposes, amounts, numbers, maturities, and rates, and maturities of interest installments […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly On or before the first Monday in May of each year, the board of trustees of the sinking fund shall certify to the board of county commissioners the rate of tax necessary to provide a sinking fund for the payment, at maturity, […]