§ 53. Taxes to pay interest on bonds.  


Latest version.
  • Nothing contained in this act shall be construed to prevent the levy and collection of taxes sufficient to pay the interest on bonds already issued or which may hereafter be issued under the act of the General Assembly, approved November 4, 1889, and authorized by a two-thirds vote of the qualified voters of said city, at the election held pursuant to said act on the fourteenth day of March, 1890, and of the levy and collection of one-half of one (1) per cent in addition to that authorized by this act for "ordinary current expenses" authorized by a two-thirds vote of the qualified voters of said city at an election held on the ninth day of December, 1890, under and by virtue of a provision of the general law regulating the levy of taxes by municipal corporations.