Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1857-09-30
EBENsBURG, SEPTEMBER so, 1857.

the aggregate amount of such debts direct and
contingent, whether contracted by virtue of one
or moro .Nts of the General Assembly. or ct diff
erent periods OF time, shall never exceed seven
hundred and fifty thousand dollars, and the mon
ey arising from the creation of such debts. shall
be applied to the purpose for which it vas OBJ
tanned, or to repay the debt so contracted and to
no other purpose whatever.
SECTION 2. In addition to the above limited
power the State may contract debts to repel inva-
sion, suppress insurrection, defend the State in
war, or to redeem the present outstanding indcbt-
edness of the State but the moneys arising from
the contracting OF such debts shall be applied to
purpose for which in was raised, or to repay such
debts and to no other purpose whatever.
SECTION 8. Except the debts above specified,
in sections one and two Of this article debt
whatever shall be created by or on behalf of the
State. @
SECTION A. To provide for the payment of the
present debt, and any debt contracted foresaid,
the Legislature shall, at its first session. after the
adoption of this amendment, create sinking fund
which shall be sufficient to pay the ACQUIRING in
terest on such debt ,and annually to reduce the
principal thereof by sum not less than two
hundred and fifty thousand dollars; which sink
ng fund shall consist of the net annual income OF
the public works from time to time owned by the
State, the proceeds of the sale of the same. or
any part thereof andof the income or proceeds of
sale of stocks owned by the State toseGher with
other funds or resources, that may be delgnated
by law. The said sinking fund may be increased.
from time to time, by assigning to !. any part Of
the taxes or any other revenues of the State. not
required for the ordinary and current expenses of
government, and unless in of invasion Or IN
insurreetion, part of the said sinking fund
shall be used or applied otherwise than IN extin-
guishlnent of the public debt, until the amount
Of such debt is reduced below the sum of ivc mil
lion Of dollars
Section s. The credit of tie Commonwealth
shall not, in any manner or event, be pledged or
loaned TO any individual. pany, corporation
association nor shall the Commonwealth
hereafter become joint owner; or stockhoItler in
any company association corporation.
Section 6. The Commonwealth shall OF as
sumo the debt. nr any part thereof. OF any coun-
ty. city, borough, or township or if any corpo-
been contracted 70 enable the State torepel inya-
sion. suppress domestic insuuection. defend it
self in time of war. to assist the State in the
discharge of any portion of its present Indebted
ness. s
Section I. The Legislature shall not authorize
any county. city, borough, township. or ineorpo-
rated district, by virtue of a vote of its citizens
otherwise, to become stockhoder in any COM
pany, association or corporation or TO obtain
money for, or loan its credit to any corporation,
association, institution or party.
SECOND AMENDMENT. t1f
There shall be an additional article to said con-
stitution, to be designated as article XII, as fol-
lows