38-1024 LEVY FOR SINKING FUND. - Idaho Statutes

TITLE 38

FORESTRY, FOREST PRODUCTS AND STUMPAGE DISTRICTS

CHAPTER 10

STUMPAGE DISTRICTS

38-1024. Levy for sinking fund. Five (5) years after said bonds have been issued the stumpage commissioners of said district issuing them are hereby authorized and required annually to levy an assessment sufficient to liquidate said bonds at maturity. Such assessment shall be collected by the official whose duty it is to collect taxes and kept as a separate fund for the sole purpose of liquidating said bonds in accordance with the provisions of the following section.