Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-10-26
Amendment to Article Nine, Section
Eight.

Section 8. The debt OF any county.
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 it's Indebtedness
TO an amount exceeding two per centum
upon such assessed valuation of prop
erty, without the assent of the cleo
tors 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
centum, in the aggregate. at any one
time upon such valuation, except that
any debt or debts hereinafter incurred
hv the city and county of Philadelphia
for the construction and development
of subways for transit purposes, or for
the construction of wharves and docks,
or or the reclamation of land to be used
in the construction of system OF
wharves and docks, as public improve
ments owned or to be GWns6 by said
which shall yield to the city and county
of Philadelphia current net revenue in
excess of the interest on said debt or
necessary for the cancellation of SAID
debt or debts. may be excluded In as
certaning the 9eweF Of f the city and
sfM,i Sinking fund for for their If ca caneeliatioa
cban he eStaDliSneO ana maintained"
SO section s s. The debt of any county,
city, borough. township. school dis
trict, or other municipality or incor-
yyided, shall never exceed seven per
centum upon the assessed value of the
taxable proReriyy og SiatrIc nor shall any
new debt, or increase it's indebtedness
70 an amount exceeding. two per CEN
tum upon thout snfn ths asssnf a14at19n % OF
in such manner as shall be provided
hy law; but any city, the debt of which
now ny V exceeds seven per centum of such
assessed valuation. may be authorized
by law to increase the same three per
time upon such valuation; except that
any debt or debts hereinafter incur
red by the city and county of Philadel-
mia for the construction and develop
ment of wharyes and docks, or the re-
ciamation of land to be used in the
construction of a system of wharves
and docks, as public improvements.
county of Philadelphia, and which
shall yield to the city and county OF
cess of the interest on said debt or
necessary fol, the cancellation OF. said
debt or debts. may be excluded
city and county of Philadelphia to be-
come otherwise indebted: Provided.
the city and county of Philadelphia
shall not at any time, in the aggregate,
exceed the sum of twenty -1ve million
dollars for the purpose of improving
and developing the port of, the said
city and county. by the condemnation,
nurchase or reclamation or lease OF
land on the banks of the Delaware and
Schulylxill rivers, and land adjacent
thereto the building bulkheads, and
the purchase or construction or lease
of wharves. docks; sheds. and ware-
houses, eae f for the estab1isbmaeii. qH bIaeii
and maintenance of railroad and ship
ping terminals along the said rivers;
and the dredging of the said rivers and
docks: Provided, That the said city
and county shall, at or before the time
of an annual tax sufficient to pay the
interest thereon, and also the principal
thereof within fifty years from the In
curing thereof.
A true copy of Joint Resolution No, 9.
ROBERT McAFEE.
Secretary of the Commonwealth.