Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1856-10-11
r E SOLU TION
Pr1posinq Amendments 10 tie Constellation of

Proposing amendments TO tie Constitution of
The Commonwealth.
RESOLVED NJ TIE SESArE AND HousE REFREsRN-
TArIvEs OF rHE CoMMONwkALTH OF PENNSYLVANIA IN
GENERAL ASSEMBLY MET, That the following aaedIruns
are proposed to the constitution of the commonwealth, in
accordance with the provisions OF the tenth article thereof
... FIRST AMENDMENT.
There shall be all additional article to said constitution
~ DC designated as mtcle eleyen us follows -
ARTICLE Nl.
OF Z UB Lie DEBTS.
Section 1. The state may cuntruct debts 10 supply
casual deficits futures it, revenues to meet
not otherwise provided for but the aggregate
such debts direct ard contingent, whether contracted by
virtue Of one nr more acts of the general assembly,
elet periods If time, shn exceed hundred
and hty thousand dlrs and the money arising from the
creation OF such debts, shall be applied the purpose for
which 1t was "tain"f % u repay the debts 50 contracted
and To no other purpose whatever.
Section ,. In addition To the above limited power the
stnte may conc debts to rcpcl nvusoi suppress
tec"n defend the state in war, or to redee the present
outstanding indebtedness of the state but the money nrs-
ing from the contracting o such debts shu be applied to
no other purpose whatever
Sctton3 Except the debts above specified, in sections
one n' two of this article debt whatever shall be
created by, OF ON behalf Of the state.
Section T. To- provide for the payment Of the present
debt aud am additional debt contracted aforesaid, the
legislature shall 1t its first session. after the adoption nf
tins amendment, create sinking fund, which shall he
sufficient to ray the acctuelng interest such debt and
diualy t. reduce the principal thereof 10y SUN not less
Than two hundred and fifty thousand dollars which sink
ing fund shall consist of thc net nnulil income OF the
the proceeds u the sale of the sane, any part thereof
and "i the income proceeds of sale nj stocks owned by
the state, together with other funds, resources thn
may be designated by law. The said sinking fund may
be increased, ftom time 10 time, by assigning to it any
part of the taxes other Of the state
quired for the ordinary and expenses of govern
me and unless in nf invasion iEsurrcctiu,
NJ part uf the said sinking fund shall he used applied
otherwise than in exmgushmen ut the pubic debt I'M
III ,heumpunt OF such debt is reduced below the
five millions of dollars.
Section 5. The credit Of the commonwealth shall not
~ any mansr, event, bc pledged, loaned TO- any III
dvidual company corporation, or association; nor shall
The commonwealth hceuteeu Joint owner, stuckhudcT
al any company, association, ar corporation.
section o. The commonwealth shall not assume the
debt any pal thereof, Of any county, city, borough
tnwn'hr; or o any corporation, ar associaon unless
such debt shall have been contracted to enable the state ia
rcpe INVASION suppress domestic insure ton, defend
self IN time uf to assist the state in the discharge
of any portion Ct its p eSent Indebtedness
Section :. The Legislature shall rot agthorze any
ty, ciiy, borough tDwnshIp Incorporated district, by
rrtne of vote Of its czcns or otherwise, 10 become
socAucer IN any company association, corporation
pr to obtain money loan its credit any corpora
ton, association, Institution, or party.
SECOND AMENDMENT.
There shall be an additional article snid constitution
to be designated as article MI as follows;