The Montgomery advertiser., 1901-07-04

 of the taxable value of the property | thereof; provided. this limit shall not apply to any existing indebtedness ir | excess of such 5 per centum which has already been created or authorized by now existing law to be created. MT. Coleman-So far as l am con- cerned. have no objection to that. The only difference is the insertion of the word Limitation" instead of section. ' Mir. Sanders-It changes some other provisions.
 MT. Coleman-But the meaning Is the same.
 Mir. Harrison-I rise to a point of or der. If I understand that correctly, that very provision was voted down yesterday.
 Mir. Waddell--It was per cent and not that was voted down. The President-The point of order Is not well taken.
 MT. Harrison-It was more of an in- ouiry than of a point of order. Mir. White-Under that provision, is 1t possible to create a debt, consider ing past and future obligations that would amount to more than per cent? Mir. Sanders-The meaning of the substitute is simply this, If county Is already indebted in excess of per cent, it cannot create any further debt, but if it is not indebted to that extent. the indebtedness may be increased to per cent hereafter. Mir. White-Including the past in- debtedness?
 MT. Sanders-Yes. MT. White-Could Colbert County create any other debt? MT. Sanders-If they are up to per cent they can't.
 MI. O'Neal-You do not mean to say they can create per cent in addition to the indebtedness they now owe?
 MT. Sanders-No, sir; the total in- dsbtedness can only go up to per cent.
 MT. Harrison I am opposed to that amendment, because I think there should be a different amount fixed as the limit. I have no particular objection to the phraseology of this over the other proposition; it is tweedledum and tweedledee. But I do hope the delegates will not consent to that 5 per cent. The motion to strike out that proposition and insert three only failed by a majority of two. l hope the Convention will not go over 5 per cent. Vote this proposition down, ana we have prepared an amendment nx- ing it at Ia. I think that is not only reasonable. but it is as much as any county in Alabama or any other State ought to want to incur.
 Avote being taken on division, the substitute was lost by 32 ayes ana 63 noes.
 MT. Harrison-I offer an amendment.
 The amendment was about 10 pc read.
 Mr Harrison-Just wait a second. Some gentlemen seem to prefer the form of this substitute and VIII change my amendment.
 The amendment was changed ana read as follows:
 No county shall become indebted in any amount greater than l-z per cent of the taxable value of the property thereof; provided, this limitation shall not apply to any existing indebtedness in excess of such three 1-2 per centum which has already been created or au- thorized by now existing law 10 pc created.
 MT. ONeal-I move to amend by striking out 1-2 and substituting four. =
 The amendment was declared out Of order.
 MT. watts-I want to ask the gentle man from Lee a question. I want to know what he means by the express sion now existing law"
 MT. Coleman-Some bonds have been authorized. but not issued, and thls would cover that.
 Mir. Watts-I am satisef1d.
 MT. O'Neal-I move to table the SUD- stitute. .
 The ayes and noes were called Tor and sustained and the roll resulted as