Section 24

Section 24. It shall be the duty of the commissioners of the township of Moyamensing, to set apart each and every year, out of the proceeds of the taxes or other revenues of said township, the sum of one thousand dollars, to constitute a sinking fund to extinguish the present debt of the said township, and said fund to be immediately applied to the purchase of said debt; or if it cannot be purchased at par, or for a less price, the said Commissioners are hereby authorized to invest said funds in stocks of the State of Pennsylvania; the county of Philadelphia, or the city of Philadelphia, to be used and applied to the payment of the debts of said township, as they may be purchased as above directed or become due.