Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1856-10-24
BIZ AUTHORITY.
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a. rrRIIG -nFRTS.


+ SEcroS /. The state may contract dsits, 20
supply casual deficits or failures ia revenues.
I or 10 meet expenses not otherwise provided
for; but the aggregate amount Of sgcb debts
I direct aud contingent, whether contracted tr
yirtne og oae or more acts Of the general as
scmbl,, CT at different periods ef 1i...e. Shall
never exceed seven hundred and fifty thousand
dollars, aud the money arising from the creation
+ of such tyits, shall be applied to tfe purpose
I for which it was obtained, or 20 repay The debts
/ so contracted, and to no other purpose what
/ ever.
I SECTION ?. In addition to the above limited
I Bower the state may contract debts 20 fepal IN
vssion. suPpsgss insurseciion, defend the state
! in war, or refeem thc present outstanding
/ Indebtedness Of tie state; hgt the money aris,
/ Ing from the contracting Of such debts, shall
DC applied TO tile purpose for which it was
raised, or to repay such debts and to 10 oti.er
purpose whatever.
SEcrioS 8. Except the debts aboye speciiiaa,
in sections one aad two Of tiis article, no debt
whatever shall be created by, OF on behalf Of
the state.
SEorIay /. To provide for the Payment of
the present debt, and any additional 9ebt con-
tracteti as aforesaid, the legislature silali at It's
first session. after the adoption of th!5 amend
meut, create sinking fund, which shai be
sufficient to pay the aceFuing iaterest on sacb
debt, anaapnually to reduce the priacipai there-
Of IL sun1 not less shan two hundred ami aify
thousand dollars; which sinking fisaa shaI! CON
sist Of the net annual income Of t5c pu5l.e
works, from tiFae to time owned by TIE state
or the proceeds Of fhc sale OF the sau4e OF anv
part thereof, and of tie income or proceeds %
sale oF stocks owned BY the state together Y7ith
otaer iandss or resources. that may lie desiena-
ted Iy law. The slid sinking fund may he in
creased, from time to time, hy assigning 70 il
any part OF the taxes, or other revenues Of the
state. not required fer the ordinary ami current
expenses OF government, and unless in case Of
war, invasion or iusnrrection, no part OF the
said sin&iag fund shall ba used or applied aiii-
efw!sc than In exlinguish.nent Of the y3,iblfc
debit until the amount Of such debt is reduced
below the sum of i've millions of dollars.
SECTION ). The credit OF the commonwealth
shaA not III any manner, or event, DC pie d
ed, or loaned to, any individual, compa
ny, corporation, or associations; nor shall ID
commonwealth hereafter become Joint owner
or stocSholder, in any company, association, ol
corporation.
SECTION o. The comm onweaiih shall no. as
sumo the debt, or any part thereof, OF an
county, city, borough. or township; or of an
corporation, or association; unless such deb
sifaii have been contracted 20 enable the tat
10 rei,ei Invasion, suppress domestic insu res
t,on, fiafend itself in time of war, or to ssi
nc state in the discharge Of any portion ci iss
preset inde5 teiness
SECTION 4 Thelegislature shall not authorizs
any comfy, city, borough, township, or in cor
p2rated distr ct, By virtne of vote of its citi-
zens, or 9th erwisa, to become stockholdcr in
'-hs con1Pa nS, association, or Corporation: or
70 OBTAIN N onev for, or loan it's credit to. any
cor poratien, associ ciation, Institution or party.
secosD AzzsD4Exr.
Taaro slaa b. 40 aai.lioaA. article 40 sais
iollow