§ 18-33. Source of monies used to pay bonds issued to finance local improvements.

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The principal and interest of bonds issued for a local improvement, as the same shall mature, shall be paid out of the moneys collected from the assessments made on account of such improvements or sales of property made on account of the nonpayment thereof.

(N.Y. Laws 1905, Ch. 684, § 29; L.L. No. 5-1930, § 1; N.Y. Laws 1931, Ch. 108, § 1; N.Y. Laws 1943, Ch. 710, Pt. 3, § 954)

                    
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