Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-07-18
r e S OLU TION

Proposing -imendments 10 he Constitution of
Tie Cnmmopwcdjh.
REsoLvsp ry Tus SENATE ASp House OF RErREsES-
TATNEs or Tns CuMMoNwEALTn OF PENNSYLVANIA IN
GENERAL ASSEMBLY NIT. That tie following amendments
proposed to the constitution Of the commonwealth, IN
accordance with the Provisions oi the tenth article thereof
FIRST AMENDMENT
There shall be additional Article ss,id constitution
Ia be designated as article eleven, as follows -
ARTICLE II.
OF PU Bill G EBTS
Section /. The state my contract debts 10 supply
casual deficits or iBiuTes m revenues to meet expenses
mot "tarwse provided iT lut tue aggregate amount oi
such drlis direct and coi,igc whether contacted by
"f acts Of the general assembly, at
different periods of time shall never exceed seven hundred
and fifty thousand dollars, and the money arising tronIlie
creation u such debts, shall be applied To- the purpose for
which II obtained, to repay the debts contracted
and 30 no other purpose whatever.
Section 2 In addition tO the above limited power the
stale may contract debts to rpe nvosiu suppress nsur
rccton defend the state in war; or t. redee the present
outstanding Indebtedness u the satr; but the money arls
ing from the contracting o sue! dehIs shall be applied t.
no other purp.Is whatever.
SrctiUn3 Except the debts nbOvc specified, IN sections
and To Of this aricie 40 debt whatever shall bt
, created by, uI IN behalf of the state.
Section l. 1- provide T the payment Of the present
debt, and any additional debt contracted aforesaid tho
leg slture shall at its first Session. after the adoption o
tins anendnent create sinking fund, which shall hC
Sufficient to pay the ncciucg interest on such debt, ant
dpnua!y reduce the prime pal thereof by sum not less
than hundred and fv thousand duiarsi which sink
ing fund shall consist the net annual income Of Tie
! public works from time to time owned hy the siae, o
the crels ut the sale 0! the same, part Thereof
and u the income proceeds of safe OF stocks owned b!
the state, together with other funds lurces, thu
may be designated by law. The soid sinking fund mn!
Ice Increased, from time to time, 10y assigning 10 1t n!
part the taxes other revenues of the state, not re
qured for the ordinary and current expenses Of govern
nent mud unless IN at wJr, invasion oI usrec'Ju
pant If the said sinking fund shall be used or Hfpie
Otherwise than in eXtngnishmen of the public debt, un
iii the amount Of such debt is reduced below th5 sum
| five millions ol dollars.
Section s. The credit of the commonwealth Shall No
n any manner or event. he pledged, or oacd to, any IN
dvlual, company, cOrporatiJI or assOciaGn nor sha
the commonwealth heTeoftee become Joint owncf q
stakeholder In any company, associations or corporation
Section g. The commonwealth shall not assume lii
dc any pnrt thereof oi any county, city, borough,
township or OF any corporations or assncaunni unles
such deb; shall have been contracted to eme the state
repel INVASION suppress domestic insure hn, defend
self in time of war assist the state in the dscag
Of any portion OF lis present Indebtedness.
Section Z. The gsaiare shat. not authorize any com
~ ciIy, borough, township, or Incorporated district,
virtue ola Of its ciiizens, or Otherwise to become
stockhol1cI IN any Company assochtiun or corpoaiuI
or - obtain money ~ loan its credI. 10 any corpor
ton, association, institution, or party.
SECOND AMENDMENT.
There shall be additional article to said cunseuo
TO Le designated as article XII, as lulows: