Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-10-10
RESOLU TION
Proposing amendments to the Constitution of

Proposing amendments TO the Constitution Of
the Commonwealth.
RESOLVED BY rnK SENATE AND HovsK REPRRsKs
ATrvKs TuE COMMONWEALTH OF PEsSsyLvANiA IN
ESKRAL ASSEMBLY NIT That the following amendments
reproposed to the constitution OF the comnnweallh, ~
ocUrdance with the provisions Of the tenth article thereof
FIRST AMENDMENT.
There shall be an additional article to soid constitution
to be designated as article eleven, os follows
ARTICLE XI.
PUBLIC ID EBTS.
Section L. The state may contract dcbts to supply
casual deficits failures III revenues OF to meet expenses
NO. provided lo Du, 'ne y
virtue of acts Of the general assembly or AZ
different periods of time shall never exceed seven nue.
and fifty thousand dollars and the money arising from ths
creation Of such debts shall be applied to the purpose f
which it obtained, or 70 repay the debts SO contracted
and to other purpose whatever ,
Section J. In addition to the above limited power I'M
may contract debts to repel invasion, suppress insur
recion defend the state in war, redee the ptesen
outstanding dehe,lness OF the state but the money sris
ing from tile contracting of such debts shall be applied
no other purpos, whatever.
one und two Of this article, no deLt whatever snail b
created by, OF ON behalf Of the state.
Section 4. Te provide for the payment OF the proser
debt aud any additional debt contracted as aioresald tn
legislature shall at its FIRST session. after the adoption
this amendment create sinking iuna, when % % sha ~
sufficient to pay the accueg interest ON such debt an
annually reduce the principal thereof by sum not lei
than two hundred and Atty thousand dollars which slnk
ing fund shall consist OF the net annual income OF IN
| puLic works from time to time owned by the state,
The proceeds OF the sle OF the same, any part there's
and of the income uI proceeds Of sale of stocks owned
the state together with other funds or resources th
may be designated by law. The said sinking fund ma
be increased from time to tnle by assigning to 1t ai
purt of the taxes other revenues oi the state not
qured for the ordinary and current expenses OF COVER
nent, and unless in of war; invasion oI 1isurrect
no pat Of the said sinking fund shall be used or apple
otherwise than in extingushment o the pubic deot,
til the amount OF such debt is reduced below tia sum
Ave millions Of dollars
Section s. The credit of the commonwealth shall II
N any manner or event, be pledged or loaned to- any
diydua company, corporatiOn or assocntiuni nor sh
the commonwealth hereafee become joint owner,
stakeholder in any company, association, or corporate
Section 6. The commonwealth shall not nssune t
debit or any part thereof OF any county, city, borough
township or of any corporation, or associations uh'
such debt shall have been contracted to enabe the state
repe invason suppress domestic insurre, ton, defend
self in time war; ta assist the state III the dischar
Of any portion of its present Indebtedness
Section T. The Legislature shall not authorize any cou
iy, ciiy borough, township, or Incorporated district,
virtue Of vote Of its ci2eis or otherwise, to becom
s;ockholder company association, or entpoTatlo
to obtain money E or loan its credit -, any c9rpe
ton, association, institution OF party.
r SECOND AMENDMENT.
There shal he additional article to said eansiitutp
to be designated article XII as iolows