Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-09-26
RESOLUTION

Proposing amendments TO the Constitution Of
the Commonwealth Irlf3fl
RE.oLyKp ny THE SENATE AND HousE OF RErRxsKN.
ArwKs rHE CoMMoNwRAIIH OF PENNsyLvANiA III
rSxRan ASSEMBLY Msr That the following amendments
ccordance with the PROVISIONS Of the tenth article thereof
FIRST AMENDMENT. f.l
There shall be an additional article to said constitution
to be designated as article eleven, as iolows;-
a-- L-- ARTICLE xI. -t--
OF PUBLIC ID + rs.
Section L. The state may contract debts, to supply
casual deficits failures m revenues or to meet expenses
not otherwise provided for but the aggregate amount OF
such debts direct and contingent whether contracted by
virtue of acts OF the general assembly or AZ
different periods o. me, sna & ese wv, %
creation such debts, shall be applied to the purpose for
which it obtained or 70 repay the debts 80 contracted
SECTION 2 In addition to the above limited power the
state may contract debts to repe invasion, suppress isur
econ defend the state in war, o to redee the present
outstanding nd-tedness Of the state but the money nrs-
ing from the contracting Of such debts shall be applied to
no other purposs whatever. d. .....a II t..f
Section D. Except the debts above specified in sections
und two of this article, no debt whatever snail oe
created by on behalf of the snte
Section 4. To provide for the payment OF the present
debit and ay additional debt contracted as aforesaid, the
legislature shall it's FIRST session, nter this adoption OF
this amendment, create sinking fund.- which shall be
sufficient to pay the accfueng interest on such dcbt and
saunay reduce the principal thereof by sum not les
than two hundred and fifty thousand dollars; which sink'
ing fund shall consist OF the net annual income OF the
public works, from time to time owned by the state, o
the proceeds Of the OF the
and Of the income proceeds of sale OF stocks owned by
the state together with other funds, or resources thai
may be designated by law. The said sinking fund ma!
be increased from time to time, by assigning TO 1t any
part Of the other revenues of the state, not re-
Quire6 for the ordinary and current expenses OF govern
ucnt ad unless in nf war, invasion oI isurecon
pait Of the said sinking fund shall be used apple,
otherwise than in extngushmen Of the public debt, un
iii the of such debt is reduced below tho sum
| ave millions Of dollars.
Section S. The credit Of the commonwealth shall no
any manner event, be pledged, or oaned TO- amy III
divldua company corporation, or association; nor sha
| the commonwealth hereaftee become joint owner q
stockhider in company, association, or corporation
Section 6. The commonwealth shall not assume th
debt, any part thereof Of any county city borough
township of any corporation, or associations unes
such debt shall have been contracted to enable the state
repe mvasnn suppress domestic insure tion defend
self in time of war, to assist the stale in the dischsrx
| of any portion of its present indebtedness
Section Z. The Legislature shall not authorize any cnu
ty cily borough, township Incorporated district, b
virtue of vote of its cIzens otherwise, to become
s;ockholder in any company association, or coporuin
obtain money or or loan its credit to, any corpora
| ton, association, institutions or party.
| SECOND AMENDMENT.
There shall I've anaddiupal article to said consiiine'
| to be designated as article XII, as folows: