Section 49-5-916 - Deficiencies supplied from sinking fund

At any time that the funds in the hands of the public treasury to the credit of the fund become insufficient, the board of trustees shall assign, as soon and so far as can practically be done, from the sinking fund under its control, to the city or town treasurer, or county trustee, so that the deficiency shall be supplied.Acts 1917, ch. 76, § 11; Shan., § 1469b13 (p. 6545); Shan. Supp., § 1469a13; Code 1932, § 2537; T.C.A. (orig. ed.), § 49-1616.