Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1857-08-14
FIRST AMENn9tEN I
article XI.
OF PUBLIC DEBTS.

SBerIoY l. The State may contract debts, to
supf,ly casual deficits failures in revenues, or
to lRcet expenses not otherwise provided Tor;
lint che aggregate ansennt OF such debts direct
ara contingent, Whether cont racted by virtue
Of ane or more acts of the general assembly, or
M different periods of time, shall never exceed
seven huR,ired and City Thousand dollars, and
the u4aaev arising from the creation OF Srch
debts, shall be applied to the pnrposc for which
it was obtained, or to repay the debts so con
tracted, and 20 no other purpose whatever.
SEerIoN =. In addition To the above limited
power the State may contract debts to repel
Invasion, suppress insurrectioR, defend the
State in war. 90 to redeem the present out
standing Indebtedness of the States bat the
money arising from the contracting Of such
debts, shall be- applied to the purpose for which
it was raised or to repay such debts, sGd to no
other purpose whatever.
Srcr,os 3. Except the debts above specified
IN seeti,,ns Que aud two of this artiele, debt
whatever shall be creIted by, or on behalf OF
the State.
ptest,,t debit aud any adlit6oaa debt contracted
rs aforesaid the Legislature shall, 1T it's first
session after the adoption of this amendment,
create sinking fund, which shall be sufficient
to nay the accrning interest on such debt, ard
| annuany te-redHce the principal thereof hy a
sun, Il,t less than two hundred and fifty thous-
/ nl,lsiIars: which sinking fund shall consist OF
! the net annn1fincene Of the public works, from
! time totime owned by the State, or the pro-
ceeds of the sale OF the same, or any part there
| of and OF the income proceeds OF sale OF
stocks owned by the State, together with other
I fsmas. or resources, that may he designated 65
! L,w. The said xiASing eHnd may be increased,
FROM time to time, by assigning II to any part ei
( the taxes, or other reFeunes OF the State, moi
| required for the erdinary and current expenses
4 Of government, and unless i'm case of war, inva.
sion or Instruction, no part OF the SAID sinking
fiz al shall be used or applied otherwise than IN
| extingusnnaent of the public debt, until tlte
amount of such debt is reduced below the s1tn
/ Of Eve millions OF dollars.
/ SECTION 8. The credit of the commonwealth
shall not in any manner, or event, be pledged, oil
! leaned TO, any individual, company, corpora
| tiau o, association; nor shall the common
wealth hereafter becomea joint owner, OF stock
| holder, ia aay company, association orco.pora-
ti0n.
SEC. 6, The commonwealth shali not assume
| the debt or any part thereof, at any county,
city. borough, or township or Of any corporation
or association; unless such debt shall have been
contracted to enable the State TO rcpel invasion,
| SUPPRESS domestic insurrecti0n, defend itself in
time Of war, or to assist the State In thu dis
| charge Of any portion of its present indebted
| ness.
SEC. Z. The Legislature shaH heO aiithorize
any county, city, borough, township, or lncor'
porated district, by virtue OF woe OF It's citl-
| zens or otherwise, to become stockholder ~
| apy company, association or corporation; or te
pbtain money for, or loan It's credit 10 any cor
| eoration. association, institution or party
SECOND AMENDMENT.
There shall be an additional article to salt
constitution. to be designated as article XII, al
follows;
ARTICLE XII.
! OF NEW COUNTIES.
No county shall be divided by line cutting
off over one-tenth of Its population, (either t
/ form new county, or otherwise) without ti'
express assent OF such county, by vote OF th'
electors thereof, nor shall any new county be es
tabIished, containing less than four hundred
square miles.
THIRD AMENDMENT.
From section two Of the first article Of the con
stitution, strike ont the words, 'sof the cayo