Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-09-12
RESOLUTION

Proposing amendments to the Constitution of
the Commonwealth. .r-s
RESOLVED BY TnE SENATE AND HOUSE, OF RErnKsRN-
ATfvEs OF rms CoMMoNwEALTH OF PENNSYLVANIA IN
rNEnAL ASSEMBLY MET, That the following amendments
repropused TO the Constitution Of the commonwealth IN
ccodance with the provisions of the tenth article thereo
FIRST AMENDMENT. -... t.....
There shall be an additional article to said constitution
to be designsied as article eleven, as iollows'- lbs
ARTICLE XI
OFT PUBLIC ID EBTB.
Section L. The state may conruct debts, to supply
dccs failures h revenues or To meet expenses
not otherwise provided io Dut 'he aggreeae ano' , o
virtue of more acts OF the general assembly, or at
different periods o time, sha never exceed seven hundred
aud fifty thousand dollars nnd the money arising from the
creation of such debts shall be applied to the purpose for
which was obtained to repay the debts 80 soconracted
and 10 other purpose whatever. . ,
Section > In addition to the above limited power the
may contract debts to repe nvasou suppress insur-
rection defend in war, redce ihe present
outstanding Indebtedness OF the state but the money ars
ing from the contracting Of such debts shall be applied to
10 other purpose whatever.
and two Of thus article, debt whatever shall be
created by ON behalf OF the state. 80.
Section L. To provide for the payment OF the present
debt am additional debt contracted aforesaid, the
legislature shall AT its first session, after the adoption of
this amendment, create sinking fund, which shall be
sufficient pay the acciueg interest on such debt and
annually reduce the principal thereof by SUN not
than two hundred and fifty thousand dolas which sinks
ing fund shall consist OF the net annual income OF the
public works. from time to time owned by the stntc, or
The proceeds Of the sale of the same, any part thereof
and Of the income proceeds Of sale OF stocks owned by
the state together with other funds or resources that
may be designated by law. The said sinking fund may
be increased from time TO time by assigning to 1t any
part of the taxes other revenues of the state not re-
qured for the ordinary md current expenses OF govern
ent and unless Of invasion or isurrection
Et of the said sinking fund shall be used or applied
otherwise than in extngusment of the public debt un.
iii ,camount OF such debt is reduced below ths sum OF
1--WE millions Of dollars.
Section g. The credit of the commonwealth shall not
IN any MANNER or event. be p'eged, or loaned to- any IN,
dvdual company, cOrporation or association nor shall
the commonwealth hereaftce become Joint owner or
stockhder in any company, association, corporation
Section g. The commonwealth shall not assume the
debt any part thereof Of any county, CITY, borough OF
township of any corporation, or associations unless
such debt shall have been contracted TO enable the state to
repcl INVASION suppress domestic nsurrection defend IT.
self in neSf to assist the state III the discharge
of any portion of its present Indebtedness.
Section T. The Legislature shall not authorize any coun
y, cy, borough township incorporated district, By
virtue of vote OF it's czes or otherwise, to become
stockhoder in any company, association or corporation
obtain money for, loan its credit to, any corpora
ton, association, institution, or party
SECOND AMENDMENT.
There shall be an additional article to said constitution
| to be designated as urticle XII, as follows;