Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-10-05

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 Indebtedness
upon such assessed valuation of prop
erty, without the assent of the cleo
tors at s Snail Ppps be In
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
by 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 the reclamation of land to be used
in the construction of system of
wharves and docks. as public improve
city and county of Philadelphia. and
which shall yield to the city and county
of Philadelphia current net revenue in
debts. and of the annual installmento
necessary for the cancellation of SAID
debt or debts. may be excluded in as
county of Philedelphia to become 9TH
erWise s INDEBTED; ID tbr3r PrG3yided That
stmTI" sbaii be Established and maintained,"
so as to read as follows:-
Section s. The debt of any county.
citv borough, township school dis
trict. or other municipality or fncor-
norated district, except as herein pro-
vided, shall never exceed seven per
centiIi1 upon the assessed value of the
taXable property therein. nor shall any
such municipality or district incur any
new debt, or increase its Indebtedness
INN upon such assessed valuation OF
property. without the assent of the
electors thereef ss as Shall ppRi" be sects5
by law; but any city. the debt of which
now exceeds seven per centum of such
bySiaD by law to Increase the same three per per
centum in the aggregate at any one
time, upon such valuation: except that
any debt or debts hereinafter incur
red by the city and county of Philadel-
phia for the construction and develop
ment of wharves and docks. or the re-
construction of a system of wharves
and docks as public improvements.
owned or to be owned by said. city and
shall yield to the city and county of
Philadelphia current net revenue in ex-
cess of the interest on said debt or
necessary for the cancellation of said
debt or debts. may be excluded
city on a and county county of Philadeiphia to ee bee
come otherwise indebted: Provided
That such Indebtedness incurred ~
shall not at any time. in the aggregaS.
exceed the sum of twenty five miliiS,i
dollars for the purpose of improving
and developing the port of the said
purchase, or reclamation or lease OF
fand 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, and other buildings and facil.
ities, necessary for the establishment
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 so doing, provide for the collection
of an annual tax sufficient to pay the
interest thereon, and also the principal
thereof within nifty years from the In
curing thereof
A true copy of Joint Resolution No. 6.
ROBERT McAFEE.
Secretary of the Commonwealth.