The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1912-10-08
Number Six.

n JUN DIIDObb lOAN
Proposing an amendment to section
eight, article nine of the Constitu'
ton of Pennsylvania.
Section /. BE it resolved by the
Senate and House of Representatives
of the Commonwealth of Pennsylvania
in General Assembly met, That the
following is proposed as an amend
ment to the Constitution of the Com.
monwealth Of Pennsylvania, in accord.
ance with the provisions Of the eigh
teenth article thereof.
Amendment to Article Nine, Section
Eight.
Section 2. Amend section eight, ar
ticle nine Of the Constitution of Penn.
sylvania, which reads as follows:-
Section s. The debt Of any coun
ty, city, borough, township, school
district, or other municipality or in.
%corporated district, except as herein
provided, shall never exceed seven
per centum upon the assessed value
of the taxable property therein, nor
shall any such municipality or dis
trict incur any new debt, or increase
its indebtedness to an amount exceed
lllh wv HtA ARAAAhA NBbAA DAAAA Nn
sessed valuation of property, without
the assent of the electors thereof al
a public election in such manner as
shall be provided by law; but any
city, the debt of which now exceeds
seven per centum of such assessed
valuation, may be authorized by law
to increase the same three per centum.
In the aggregate, at any one time.
upon such valuation, except that any
debt or debts hereinafter incurred by
the city and county of Philadelphia
for the construction and development
of subways for transit purposes, o.
fo5 the construction of wharves and
docks, or the reclamation Of land to
be used In the construction Of a sys
TEN Of wharves and docks, as public
improvements, owned or to be owned
by said city and county OF Philadel
phla, and which shall yield to the
city and county of Philadelphia cur.
rent net revenue in excess of the in.
terest on said debt or debts, and OF
the annual installments necessary for
the cancellation of said debt or debts.
may be excluded in ascertaining the
power Of the city and county of Phila.
delphia to become otherwise indebted:
Provided, That n sinking-fund fol-
their cancellation shall be established
and maintained" so as to read as
follows:-
Section s. The debt OF any county,
city, borough. township, school dis.
trict, or other municipality or incor,
porated district, except as herein pro,
vided, shall never exceed seven per
centum upon the assessed value OF the
taxable property therein, nor shall any
such municipality or district incur
any new debt, or increase its indebt-
edness to an amount exceeding two
per centum upon such assessed valua.
ton of property, without the assent
Of the electors thereof at a public
election In such manner as shall be
provided by law; but any city, the
debt of which now exceeds seven per
centum of such assessed valuation.
may be authorized by law to increase
the same three per centum In the
aggregate, at any one time, upon such
valuation; except that any debt OF
debts hereinafter incurred by the city
and county of Philadelphia for the
construction and development OF
wharves and docks, or the reclama.
ton of land to be used in the con.
struction of a system of wharves and
docks, as public improvements, owned
or to be owned by said city and
county of Philadelphia, and which
shall yield to the city and county o.
Philadelphia current net reVenue In
excess of the interest on said debt or
debts and of the annual installments
necessary for the cancellation of said
debt or debts, may be excluded in as.
certaining the power Of the city and
county Of Philadelphia to become
otherwise indebted: Provided, That
such Indebtedness incurred by the
city and county Of Philadelphia shall
not at any time, In the aggregate, ex.
coed the sum OF twenty-five million
dollars for the purpose OF improving
and developing the port Of the said
city and county, by the condemnation,
purchase, or reclamation or lease OF
land on the banks of the Delaware
and |Schuylkill rivers, and land ada,
cent thereto; the building of bulk.
heads, and the purchase or construc.
ton or lease of w%harves, docks, sheds,
and warehouses, and other buildings
and facilities, necessary for the estab.
lishment and maintenance of railroad
and shipping terminals along the said
rivers; and the dredging of the said
rivers and docks: Provided, That the
said city and county shall, at or be-
fore the time of so doing, provide for
the collection Of an annual tax sufi-
Client to pay the interest thereon, and
also the principal thereof within fifty
years from the mourning thereof.
A true copy OF Joint Resolution No. 8.
ROBERT McAFEE,
Secretary Of the Commonwealth.