Section 8-11-7 – Tax levy for retirement of bonds–Special fund.
8-11-7. Tax levy for retirement of bonds–Special fund. It shall be the duty of the board of supervisors at or before the issuing of any such bonds to provide by resolution or bylaw for an annual tax sufficient to pay the interest and also the principal thereof, when due, which resolution or bylaw shall be […]
Section 8-11-8 – Investment of township debt service funds–Tax levy for bonds in debt service fund.
8-11-8. Investment of township debt service funds–Tax levy for bonds in debt service fund. Every civil township maintaining a debt service fund for the payment of outstanding bonds, shall keep the accumulations in such debt service fund deposited with lawful depositories or invested in registered warrants or bonds of any municipal or public corporation of […]
Section 8-10-29 – Report of fiscal affairs by board–Reading and publication of report.
8-10-29. Report of fiscal affairs by board–Reading and publication of report. Such board shall make a report, stating in detail the items of account audited and allowed, the nature of each account, and the name of the person to whom such account was allowed, including a statement of the fiscal concerns of the township and […]
Section 8-10-30 – Treasurer’s annual financial statement–Contents–Filing.
8-10-30. Treasurer’s annual financial statement–Contents–Filing. The township treasurer, within five days before the annual township meeting, shall prepare a report of the cash balance at the start of the fiscal year, receipts and disbursements for the fiscal year, and the cash balance and long-term debt as of the end of the fiscal year. The report […]
Section 8-10-31 – Forfeiture by treasurer for neglect of duty.
8-10-31. Forfeiture by treasurer for neglect of duty. Every township treasurer, who refuses or neglects to comply with the provisions of §§8-10-3, 8-10-27, and 8-10-30, shall forfeit not more than two thousand dollars, to be recovered by a civil action in the name of the township, for its use and benefit in the circuit court. […]
Section 8-10-32 – Township authorized to enter lease-purchase agreement to lease real or personal property.
8-10-32. Township authorized to enter lease-purchase agreement to lease real or personal property. The provisions of §8-10-7 or 8-10-8 or any other provision of law notwithstanding, any township may enter into a lease-purchase agreement for a term of years, not exceeding ten, for the purchase or lease by the municipality of real or personal property. […]
Section 8-11-3 – Authorization, issuance and sale–Vote required.
8-11-3. Authorization, issuance and sale–Vote required. The governing body of the township, if authorized by law, may authorize, issue, and sell bonds as provided in chapter 6-8B, except that the election shall be conducted by a two-thirds vote of the registered voters present and voting at any annual township meeting or special township meeting called […]
Section 8-11-4 – Refunding bonds issued on judgment against township–Compromise with judgment creditor.
8-11-4. Refunding bonds issued on judgment against township–Compromise with judgment creditor. If a judgment has been recovered, either upon the principal or a defaulted coupon of any bond issued by any civil township, establishing the validity thereof in a court of competent jurisdiction, the governing body of the civil township may, by resolution passed and […]
Section 8-10-18 – Endorsement of warrant for payment by depository.
8-10-18. Endorsement of warrant for payment by depository. Every warrant for the payment of money issued by any township, which is not registered because of lack of funds with which to pay such warrant, shall be countersigned by the treasurer of such township, who shall also endorse on such warrant an order to the depository, […]
Section 8-10-19 – Register of warrants not paid on presentation–Data entered.
8-10-19. Register of warrants not paid on presentation–Data entered. The township treasurer shall keep a suitable registry to be provided at the expense of the township in which he shall enter the warrants he cannot pay for want of funds when presented to him for payment, which registry shall show in a column arranged for […]