Section 273. Rapid transit sinking fund of the city of New York  


Latest version.
  • There is
      hereby continued the fund known as the "rapid transit  sinking  fund  of
      the  city of New York" which shall have for its purpose the amortization
      and redemption of all corporate stock of the city of New York issued  on
      and  after  the  first  day  of January, nineteen hundred ten, for rapid
      transit purposes, excepting that issued since  the  first  day  of  July
      nineteen hundred eighty-one which is redeemable from the general sinking
      fund  or  any other sinking fund established pursuant to chapter 11-A of
      this charter.