Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-09-04
Number Two.
| IOTNT PECnT


Proposing an amendment to section
eight OF article nine of the Consti-
tuition of Pennsylvania.
Section 1. Be 1t resolved by the Sem
the Commonwealth of Pennsylvania in
General Assembly met. That the fol-
lowing is proposed as an amendment to
the Constitution of the Commonwealth
of Pennsylvania. in accordance with the
provisions of the eighteenth article
thereof
the Constitution of the Commonwealth
of Pennsylvania, which reads as fol-
lows:
or other municipality or incorporated
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 district incur any new
debt or increase its Indebtedness to an
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 aebt 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
or debts hereinafter incurred by the
city and county of Philadelphia for the
construction and development of sub
ways for 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 wharves
and docks, as public improvements
owned or to be owned by said city and
county of Philadelphia, and which shall
WELD to 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 ascertaining
the power of the city and county of
Philadelphia to become otherwise in
debted: Provided, That a sinking fund
for their cancellation shall be estab-
lished and maintained" so that 1t shall
Section s. The debt OF any county.
city. borough, township. school district,
or other municipality or incorporated
never exceed seven per centum upon
the assessed value Of the taxable prop
erty therein. nor shall any such mu-
nicipality or district incur any new
debt, or increase its Indebtedness to an
amount exceeding two per centum upon
such assessed valuation of property.
thereof at paSio % eecton In fsGSO5s sae
manner as shall be provided by law;
but. any city. the debt Of which on the
irst day, of January. one thousand
eight hundred and seventy-four, ex-
ceeded seven rer centum of such as
sessed valuation, and has not since been
reduced to less than such per centum,
may be authorized by law to increase
the same three per centum In the ag-
gregate, at any one time, upon such
valuation. The city of Philadelphia,
forth, may increase Its Indebtedness to
the extent OF three per centum in excess
of seven per centum upon such as
sessed valuation for the specific pur-
following purposes, - to wit: For the
construction and Improvement of sub
ways. tunnels, railways. elevated rail-
the construction and Improvement of
wharves and docks and for the re-
clamation of land to be used In the
construction of wharves and docks,
owned or to be owned by said city.
Such increase. however. shall only be
made with the assent of the electors
thereof at a public election. to be held
in such manner as shall be provided
by law. In ascertaining the borrowing
capacity Of said city or Philadelphia, at