1-14-2-9: INTEREST FUND:

The interest fund of the city shall consist of all monies received for taxes levied for the current fiscal year to pay the interest upon the legal, valid, outstanding bonded indebtedness of the city, and any sinking fund therein provided for, and all such other monies as from time to time may be transferred to the said fund by resolution of the council. (Ord. 11, 9-26-1927)

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