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There shall be included in the annual appropriation resolve an appropriation for the liquidation of municipal indebtedness in the amount of not less than the total amount of payments during that year, such amount to be used for the payment of serial notes and bonds maturing within the year and the balance to be deposited in the unappropriated surplus account. This provision shall remain in force so long as there remain outstanding bonds or notes, exclusive of temporary loans in anticipation of taxes, the payment of which has not been provided for by payments in serial installments.
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