491.57 - SINKING FUND AND LOANING THEREOF. - Iowa Statutes

491.57 SINKING FUND AND LOANING THEREOF. For the purpose of repairs, rebuilding, enlarging, or to meet contingencies, or for the purpose of creating a sinking fund, the corporation may set apart a sum which it may loan, and take proper securities therefor.          Section History: Early Form [C51, § 699; R60, § 1176; C73, § 1081; C97, § 1630; C24, 27, 31, 35, 39, § 8393; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 491.57]