Section 5-202. Separate accounts to be kept for the several sinking funds  


Latest version.
  • The assets and accounts of each of the several sinking funds of the city
      established prior to July first, nineteen hundred  eighty-one  shall  be
      kept   separate  and  distinct,  and  they  shall  in  all  respects  be
      administered as independent trusts,  with  the  intent  and  purpose  of
      preserving inviolate the rights of holders of corporate stock redeemable
      therefrom.