Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-10-09
Number Two.
A JOINT RESOLUTION
Proposing an amendment to section
eight 0f arficla pina of CODSff

"A JO1NI RESOlsUI1ON
Proposing an amendment to section
eight OF article nine of the Consti-
tuition of Pennsylvania.
Section l. Be II resolved by the Sen
ate and House of Representatives OF
the Commonwealth of Pennsylvania in
General Assembly met. That the fol-
the Constitution of the Commonwealth
of Pennsylvania. in accordance with the
provisions of the eighteenth article
Amend section eight, article nine of
the Constitution of the Commonwealth
of Pennsylvania, which reads as fol-
"section 8. The debt of any county,
city, borough, township, school district.
or other municipality. or incorporated
district. except as herein provided,
upon the assessed value of the taxable
property therein, nor shall any such
municipality or district incur any new
debt, or increase its Indebtedness to an
amount exceeding two per centum upon
such assessed valuation of property,
without the assent of the electors there
of 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 val
uation, 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 sub
ways Tor transit purposes, or for the
construction of wharves and docks, or
the reclamation of land to be used in
the construction Of a system of wharyes
and docks, as public improvements.
owned or to be owned by said city and
county of Philadelphia, and which shall
yield 10 the city and county OF Phila-
delphia current net revenues in excess
of the interest on said debt or debts
and the annual instalments necessary
for the cancellation of said debt or
debts, may be excluded in ascertaintng
the. power. of the city and county Of
Philadelphia to become otherwise in
debted Provided, THAI a sinking-fund
for their cancellation shall be estab-
lished and maintained" so that it shall
read follows:-
Section s.. The debt of any county.
city, borough, township. school district,
or other municipality or Incorporated
district, except as herein provided, shall
never exceed seven per centum upon
the assessed value OF the taxable prop
erty therein. nor shall any such mu-
debt or increase its indebtedness to an
amount exceeding two per centum upon
such assessed valuation OF property
without the consent of the electors
thereof at a public election in such
manner as shall be provided by law;
but any city. the debt of which on the
nrst day of January, one thousand
eight hundred and seventy-four, ex-
ceeded seven per centum of such as
sessed valuation, and has not since been
may be authorized by law to increase
the same three per centum in the ag-
Eregate, at any one time, upon such
valuation. The city of Philadelphia,
upon the conditions hereinafter SET
forth, may increase its Indebtedness 10
the extent of three per centum in excess
of seven per centum upon such as
sessed valuation for the specific pur-