21-33-87 - Tax levy to pay bonds and coupons. - Mississippi Statutes

§ 21-33-87. Tax levy to pay bonds and coupons.
 

The municipal governing authorities shall have the power to levy and collect annually taxes on all the taxable property within the municipal limits, in addition to other taxes, in a sufficient amount, for the purpose of paying the interest coupons as they become due on all bonds of the municipality now issued or hereafter to be issued, and the bonds themselves, which tax shall be payable only in cash or in matured coupons or bonds. 
 

Sources: Codes, 1892, § 2927; 1906, § 3318; Hemingway's 1917, § 5815; 1930, § 2395; 1942, § 3374-115; Laws,  1950, ch. 491, § 115, eff from and after July 1, 1950.