The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1854-09-21

RESOLUTION PROPOSING
Amendments 10 the Consll.
tuition or the Common
wealth.

SECTION /. Resolved 5y file Senate and
House of Representatives Of the Commonwealth
Of Pennsyludnid in General Assembly met,
That the following amendments be aud the
same are hereby proposed 10 the Constitu-
lion Of the Commonwealth, under and in
accordance with the provisions Of the tenth
article thereof, 10 wit:
PnoposIrIoN I, TO pr ARTICLE xI.
SxcnoN !. The aggregate amount or
ders hereafter contracted by The Common
wealth shall ne YER exceed the sum OF five
hundred thousand dollars, except in case OF
war 10 repel invasion, suppress insnrrection,
OF to redeem the public debt of the Com
monweaI;h, and the money 70 raised shall
be applied to the purpose for which The debt
may be contracted, or pay such debts, and
TO no other purpose.
SEC. Q. To pay the public debt of the
Commonwealth and debts which may here.
after be contracted in case OF war to repel
invasion. suppress nsunectioh and 10 re.
deem the public debt, the Legislature shall
al their next session after the adoption OF
this section into the Cnnsiitutoin, provide by
law for the creation Of sinking fund, which
shall not be abolished till the said pnblic
debts be- wholly paid, to consist Of all the
net annual income from the public works
and stock owned by the commonwealth, or
any other funds arising under any revenue
law now existing or that may be hereafter
enacted, so far as the same may be required
10 pay the interes, of said debts semi-anuu.
ally, and annually 10 reduce the principal
thereof by sum mol less than five hundred
thousand dollars, increased yearly by com.
pounding at rate Of not less than five ?er
centum per annum; the said sinking fund
stall be invested in the loans OF the Com.
monweallh, which shall be cancelled from
tiTie TO time in manner to be provided by
law no portion OF the sinking fund shall
ever be applied TO The payment OF the debt
OF five hundred thousand dollars mentioned
in the first section of this article, but the
said sinking fund shall be applied only to
the purposes herein specified.
SEC. 8. The credit of the Common
wealth shall not IN any way be Civ en- or
loaned TO or in aid Of any individual com
pauy, corporation or association, nor shall
the Commonwealth hereafter become q
joint owner or stockhoder in any company,
association or corporation in the Common
wealth or elsewhere, formed for any pnrpo-
ses.
SEC. 4. The Commonwealth shall never
assume the debts of any county, city, bor-
ouSh VI tuWuoutpt VI vi ouy SotPusatou VI
association, unless such debts shall have
been contracted to fepel invasion, suppress
insurrection, OF TO defend the State in war.
PROPOSITION Q, TO BE ARTICLE xr.
Prohibiting Municipal Subscriptions
The Legislature shall never authorize any
county, city, borough or township, by vote
of its citizens nr OF herwise, to become a
siockholdeI in any joint company, associa-
ton or corporation, or 10 raise money for, or
loan it's credit TO, or in aid of any such COM
psny or association.
Z. B CHASE,
Speaker Of the House of Representatives.
M. M CASLIN,
Speaker of the Senate.
TE Senate, April 2S, 1854.
Resolved that this resolution pass. Yeas
22, nays 6.-Extracl frorn. the Journal.
I. A. MAGUlRE, Clerk.
In House OF Representatives, April 81, 1854.
Resolved, That.this resolution pass. Yeas
II, nays 20.-Extract from The Journal.
VIM. JACK, Clerk.
SEcRETARY's OFFrcE,
Filed April 30: 1854.
C. A. BLACK,
Secretary of the Commonwealth.
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