67.07 Maturity and place of payment. The principal of every sum borrowed and secured by an issue of municipal bonds may be made payable at one time in a single payment or at several times in 2 or more installments; but every installment, whether of principal or interest, shall be made payable not later than 20 years after the original date of the bonds, except that when the bonds are issued for the acquisition of lands by a county having a population of 150,000 or over, for public, municipal purposes or for the permanent improvement thereof, by a sewerage district or county having a population of 150,000 or over for sewerage purposes and by any city for sewerage purposes, all installments of principal and interest shall be made payable within a period not exceeding 50 years from the original date of the bonds. The terms of the bonds shall comply with the initial resolution.
History: 1971 c. 154; 1981 c. 282; 1983 a. 207.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 67 - Municipal borrowing and municipal bonds.
67.01 - Definitions and interpretations.
67.015 - Housing authorities exempted.
67.025 - Certification of municipal obligations.
67.03 - Grant of power to borrow; general limitations of indebtedness.
67.035 - Tax limitations not applicable to debt levies.
67.04 - Purposes of issuing municipal bonds and notes.
67.045 - Debt issuance conditions.
67.05 - Bond issues; procedure.
67.06 - Form and contents of bonds.
67.07 - Maturity and place of payment.
67.08 - Execution and negotiation.
67.09 - Registration of municipal obligations.
67.10 - Fiscal and administrative regulations.
67.101 - Debt amortization in 1st class cities.
67.12 - Temporary borrowing and borrowing on promissory notes.
67.15 - Variable rate obligations.
67.16 - General obligation-local improvement bonds.
67.17 - Diversion of funds, liability of officers for.
67.22 - Issuance stayed by protest.
67.24 - Validation of obligations of incorporated municipality.