The proceeds of any initial cash payment from the sale of any system of waterworks or gas or electric plants of any town or city shall be applied first to the payment of all unsecured debts owing by the town or city on account of the plant or system. Any remainder shall be turned over to the treasurer of the town or city.
Section: Previous 14-199-302 14-199-303 14-199-304 14-199-305 14-199-306 NextLast modified: November 15, 2016