...bonded obligations of school systems by means of a sinking fund has been rather common. The two types 66 of sinking funds found in American cities are those...governing bodies of the importance of sinking fund obligations — the primal security of the bond holder. The following quotations show the general attitude...

...satisfactory in providing payment for bonds. The prevailing criticisms against the sinking fund plan are (i) the misuse of sinking fund moneys on the part of public...obligations—the primal security of the bond holder. The following quotations show the general attitude toward the sinking fund plan: Even when the greatest...

...period of years. Englehardt, in his "School Building Program for Cities," has the following to say : "The two types of sinking funds found in American...governing bodies of the importance of sinking fund obligations — the primal security of the bond holder." Much of the discussion under the first plan...