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§ 21-370 Application of surplus to reduce assessment for following year

When the sum actually collected on any such assessment shall be more than sufficient to pay the principal and interest for the next succeeding year, a proper allowance for such surplus shall be made in the following assessment, and the percentage may be reduced accordingly.

History

Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.

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