Money Held in Trust.
Milwaukee City Charter § 15-13
in effect15-13. Money Held in Trust.
The moneys levied and collected for or belonging to the principal, interest and sinking funds, shall be held in trust for those purposes only, or for the benefit of the holders of the bonds of the different issues or classes for which such funds are specially provided, and shall in no way be diverted from the specific purposes for which they are provided; nor shall the same or any part thereof be subject to attachment or execution, or be liable by any process or proceeding, to be subject to the payment of any other debt than that to meet which they were specially raised or appropriated under this act.
(S. 14, Subch. 11, Ch. 184, L. 1874.
S. 15-13 am., File #180678, Oct. 16, 2018; eff. Jan. 1, 2019.)
Source: City of Milwaukee Legislative Reference Bureau, Milwaukee City Charter and Code of Ordinances (city.milwaukee.gov master PDFs)URL: https://city.milwaukee.gov/ImageLibrary/Groups/ccClerk/Ordinances/City-Charter/Master-Charter.pdf#page=110Fetched: 10/26/2026