The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1873-12-10
ARTICLE TX.

isdiction or regulating ts exercise shalt appiy Ia
any contest arising out Of all election held befor itl
passage.
ARTtCIEfx
-.x.r,o,, - s,,,.
IANAlloN AND hNANCk.
SECTION 1. All taxes shall be uniform upon the
same class OF fsubjects within the territorial limits OF
the authority levying the tax, and shall be levied
and collected under general laws but tho General
Assembly may, by general laws, exempt from ts xa.
ton public property used for public purposes, actual
places of religious worship, places of burial not used
or held for private or Corporate profit, and institu
tons OF purely public charity.
SIC =. All laws exemptng property from In xation
other than the property above enumerated, shall be
void. :
SIC. 3. The power TO tax corporations and corpor-
property shall not be surrendered or suspended
by any contract grant 10 which the State shall be
a party.
SHC 4. No debt shall be created by on behalf OF
the state except TO supply casual deficiencies of
enue, repel Invasion suppress nsufreetion defend
the State In war or to pay existing debt and the debt
created TO supply deficiencies In revenue shall new
er exceed In the aggregate at any one time one mil
lion ofdollars.
SEC 3. All laws authorizing the borrowing of mon
ey by and on behalf OF the State shall specify the
purpose for which the money Is 10 be used and the
money 50 borrowed shall be used for the purpose
specified aud no other. .fr..-Ii
SIC. 0. The credit ufthe Commonwealth shall not
be pledged or loaned 20 any Individual. company,
corporation or association, nor shall the Common
wealth becomea Joint owner or ktockholder in any
company, assdciaton or corporation.
SEC z. The General Assembly shall not authorize
any county city, borough, township or incorporated
district TO become stockholder in any company,
association corporation 10 obtain Inappropriate
money for or 10 loan It's credit 70 any corporation,
association, institution or individual.
SEC g. The debt Of any county, city, borough,
township. school district or other municipality. or
Incorporated district, except as herein provided,
shall never exceed seven per centum upon the as
sessed value OF the taxable property therein. nor
shall any such municipality or district incurany new
ceedng two per centnm upon such assessed valuation
at property without the assent of the electors thereof
Of public election in such manner as shall be pro-
exceeds seven per centum ofsuch assessed vslua-
ton, may be authorized by law 70 increase the same
three per centum in the aggregate at any one time
upon such valuation. f FEf
SIC. o. The Commonwealth shall not assume the
debt or any part thereof, OF any city, county, bor
ough or township unless such debt shall have been
contracted to enable the State to repel invasion sup
war or to assist the State in the discharge oI any
portion of Us present indebtedness.
SEC no. Any e9any Sowisnp school district or
shall at or before the time OF so doing provide for
the collection Of an annual tax sufficient 2 pay the
years.
sEc u 10 proVi1e Ior the payment OF tie present
Ssa.e @ ssa}d she cs-1 s uspS Son.Iacteu
~ S aiuIesaiul Wy ugIeI t'i Assspk ha commune
Sncrn @ ee on rS anht snd 20 pay the
dSco s principal a'R sum no
tw3 huhIIeu @ ana MY unuSonu dollars the said
SINKING iunu shall CONSIST OF the proceeds OF the
sh y, s,e puDs VI MY paiS teIsol ana Oh
ca py the CommSnweath together with other funds
% anu Iesouices ~ % aiat Diay pe uesRnaten Dy law anu
II any part of the taxes or other revenues ohe State
Of ravdrnment and miles, 4, cas- ~ VA in,Pa,
or Instruction part of the said sinking fund sha
be used applied Otherwise than ia the extnguish.
ment OF the public debt
SEC. II. The moneys OF the State, over and above
the necessary reserve, shall be used in the payment
of the debt Of the State, either directly or through
the sinking fund, and the moneys of the sinking
fund shall never be invested in loaned upon the
security ofanythng except the bonds of the United
States or of this State.
SEC. is The moneys held as necessary reserve
shall he limited by law TO the amount required for
current expenses aud shall be sOoured and kept as
may be provided by law. Monthly statements Shall
be published showing the amount OF such moneys,
where the same Is deposited, and how secured.
SEC. H. The making Of profit out Of the public
moneys. or using the same Tor any purpose not au.
or oficer o. the General Assembly, shall be a mis-.