New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-21

or village be allowed to incur any Indebtedness TX ex
sS Ho c p4sveD such Sl co city, town or
village from making such provision for the aid or
No county or city shall be allowed TO become In
amount i %bc any s 9T any shall
exceed 10 per centum OF the assessed valuation of
asadn as of sqeh SSun hs Gr sH & Of
said county city the last assessment for state
debtedness; and all Indebtedness in excess of such
Limitation. except such as may now exist shall De
yided 10 county cy whose present ndeb ted
n ness 10 per 11 the sba m a
limit limit sue" Indebtedness S"' De 'e'u'e' "'''
This section shall not be construed to prevent the
issuing OF certificates of Indebtedness or revenue
bonds issued in anticipation of the collection or
taxes for amounts actually contained or s 10 De ceT cG
Gates or revenue bonds are issued and payable Guy
of such taxes. Nor shall this section be construed
to prevent the issue of bonds to provide for the
supply Of water. but the term of the bonds issued
twenty years. and sinking fund shall be created
on the issuing Of the said bonds for their , rslemp
an amount equal to the of the principal and IN
teres, Of said bonds at their maturity All certii,
Gates of Indebtedness revenue bonds Issued IN
anticipation of the collection of taxes which are not
and bonds ssuei S to provide for the supply Of water
any any debt hereafter incurred by any PORTION Ih H
Be included in ascertalning the power Of the city
become otherwise indebted. Whenever hereafter the
Sose Of county the power Of the county to be-
come Indebted shall cease but the deb; of the
aOq pa of that he t te ds is e Hi 10
be raised by for county city purposes. in any
county containing city Of over 10000 inhabitants.
or any such city OF this State, in addition 10 pro
vlding for the principal and interest of existing
debts. shall not, in the aggregate exceed in any one
year per centum of the assessed valuation OF the
real and personal estate OF such county or city, 10
be ascertained prescribed in this section III re-
spect to county or city debt.
Late in the evening Mr.. Mclaughlin offered
a resolution that the Convention pass upon the
five amendments now on the order OF third
reading and then devote the rest of the time TO
perfecting and closing up the work. Mr. COch-
ran Dem.) appealed to the majority TO stay
and finish up the amendments In general or
ders Mr. Johnson, Of Wyoming. made another
attack on the leaders, charging that the cor
porations had given orders to end the conVen-
ton at once Mr.. Storm thought that every
ones mind was made up. He moved the previ-
Gus question, which ordered. The resolu-
vote with one-thrd of the Republicans In the
affirmative and two-thirds of the Republicans
in the negative. The effect of the resolution
will probably be final adjournment on Saturday
at noon.
The fact that the Democrats. aided by Few
Republicans had carried the Mclaughlin resolu-
ton led 10 the holding Of a Republican caucus
soon after II o'clock. In which II was plainly
stated that a majority of the Republicans should
control the time of adjournment. a long dis
cussion as to the date of adjournment followed.
a committed consisting OF Johnson. Of Kings:
Hill of Erie; Goodello Of Onondaga; Brown. or
jefferson and Gilbert Of Franklin were ap.
pointed TO look the unfinished business ana
report to an adjourned caucus at a. m tc-hor-
row when action will be taken on final adjourn
ment.