New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-31

"a ~ i-S i<,.i 49,, - : ~ '11A'
SIXTEEN
,ssr.,,Ty froposfN,. ~ AMENDMENT TO
e.,(r,n5 ,rp>. ~, An,,,,fi I-,f;rfr nF rl4E CON
s,,.-r,'1,I,, ~ ~ ,7.,,'> rIo nIup A,iorN1, TO
81 !, itu.si ~ 80 ~ m ,',,r pa,
49,, w - -. 5,,',,,,A. t',. 49, IN r~7frs
.,o.tin, : pesoivo9 ~ rho senate eouc,,rl
AHtt s'VV'Vu Vn o. ~ 80 -
~. $3.50, i.. +,,,'n ,r village shall
t..af+o- ,i, ~. r,,1,or or nro-arty or loan
H., ,nnney or crn3i. In o. IN lid OF auy in.li-
mn W. -, 10, ,r hec.,,,a
80 ~ ,;.t.,,, t,. ,,,.r,rr ~ ..nr; IN or
,onds of INV as.ociatian or corporation. nor
", n" -, 49,, ar ,.ifore ha
oIowed 70 incur any indebtedness except for
,,,rtv citr ,n,rn ar sIisra purposes This
sa.tfcn .hnp nat preve0t such county. city.
town Or viii.ra from making such provision
e th oi1 ,,,,,ror+ Of ~ o,,r as may 10
on4l,nriyed hv l. " 10 county or city shall
he allowed Ia b.coIna Indebted for am purpose
~ ~ a,y ,,or,c~ "a nm ono1nt which IN
~ ~. 49, ;r,1al+odroS. ehal exc7ed ten
na- mt of tla assessed valuation Of the
rem eefata ~ srrh county or city SUBJECT to
,r+; o =, onrsored Nv the assessment
u. o,,,tv lr .ttv ~, the last assess
r,.,' - t 80 ..o ar aourtv tnxes nrtor 10 tho
.url., lpl ''. ,,al4.,l,ess. am, oil irIeht-
l'' ~" ,,.h ,f,niretion cxrsnr
'." 50 III 49, vi+ sbsn he ohso,ntelv
r ~ NV 40 bSrain othorvise provided No
eor. CAV -. yhose rreeent in iebte-l9ess ex-
.Dus. u - ,,,nt,,r, .. mo assessed valna.ion
- - ~,, - a. s,,hiee+ 70 tovatlon shaM b.
allowed n becor,n indebted in any further
an,ount until sch indehtednnss shall be re-
n, ,s'' .4ri .,,oh I'M. THIS section shall
~ IA cons+rue1 ~ nrevent the issuing 81
nertiero+os ~ Indebtedness or revenue bonds
,,ei a. ,+i<i,,o4tor ~ .hn eoi lection Of tayes
.ss'el ~ ~ .,Iir c,r+aincd or 70 b. CON
~ u' 4A ,es for no roar when such
t;s,otas r,yanue bonds are issucd and
~, -, ,,,.h .ov.s. nor 70 prevent me
puIup,s , rnr Vo, rom, ,e.,,ine bonds IA he 70
w ~ ~ - tbe wv low, for the wear next
,,ae5;g +No veer ~ tllrir issue provided
iua' VIZ n'-'ne oor -, evcess Of the Nr,i.a-
,9 9 NJ WY on,oi-ed shall not exceed ono
l-' ,,n ,,er ,ent,,r, ~ Tho assessed valra-
iN," +ba reoi ss+nto a, sa'A city subject 10
,''u - NV ohat .ris soc+i, n he cons rilnd
-. Al,un' ,h ,ss,a - bonds 10 provide for
:. .%a rT1nir a, w,ter bnt the term Of the bonfs
issued to provlne ior nv 'f 11obtaa,sSs evod
excess Or me N''ias 'ot tr.n-v veors ard q
nerein shal ~ w" a.as ~, tt,a issnin y
sinking funa , snNsi o. f ~ reaemntion hv
OF the sam uoh"s w ~, -, ,,r,d,,ca az
raising ahnni'lN ,s sua, Nv, ~ tba nrinrtnel and
amount eNuai - w . ,t,ot. ~, .,'-i+v Al
interest IF SAID bonds az lnFlr nla '
cert iNHRteS ~ ihf' 49,, 1,,o.io, - ,o-~ar
'ssp-a IN ro.,ra, vth4n five years after
their data Of issue ana n"l,'S - - ~
for the snhplF % Wa.f', ~ 49,. - citr ~
there shall be my su'h urpl' Nn M w i
in ascertainiaS we p'Wel .. ~. ,,. -.
come otnerwise iil'rute 4. I -, fter tfa 6-s+
CURED by the Guy o. .New hn,rsd ana forr
IL 81 tNc \
and debts incurred by any oJ.y ut we ;at
class after the hrsr Gay o. '9 3s ~ ~
city OF the MIRA clnss a,'er 'ne -, ro,,i,'o
January nineteen nunu1eo hi w. Ia 81 IN
for the supply OF s.th tbnt anv seh+ bora-
cluded and except further thnt any urpt mere
after incurred by the city OF Ne" lorA loI
a public improven'ent Owned or 20 re OWL
by the city "hcu ylSnS ~ W. ,soa.,orZ 81
net revenue aI'er "lnNins tns ~ ~
lo"arch for rspairS ano aas nf ,ha n+arest
the city IS liable. IN excess OF 'ns . lnleiest
on said dept ana cl '.F an,i'i '9 49, az
necessary ror US ntro' .1','0n mn' "a 3l
c'uled In ascertalnlhs uf NV VI :, - ~
city 70 become pth~vNif. me.
'hnt sinking fpQd rvf us Ntn,rl,1s Ion s ~,
nave been estaoi-s.rl, aht - a VA t
the Indebtedness SUM Roy re :" tN 'e'i ~.
ing any period or 'hn "iN.h 'te te'Tlt, "iole !
said shall not pe ,nxral,o,ts ~,
interest ani arnor' .oii ~, ~ 49,, = -
except further tnst anY I"f.'n'FN's i'erFso-
fore incurred ny ne - -. .,'" ~ ~ ~ ,,,'
rapid transit or DOCK INVESTMENT may ne 80 tx
Guided pronortlonately to the extent 10 %h!ch
the current net revenue r4 4 py go 10y
therefrom sha'i meet ,ne 'n ai4~, a.
cation lnstaln' uts t"eoFNl, ptQIt.1i IN ny
Increase IN the 10y ,, Ut e ", ~. 49, ~
Of New YORK when slel resalt lr3p ne ~
crTton OF deoys here'o,o@ al cum Ne
available only Tor tAe acqliS' t'on OK son 1
Ton of proptr,es 10 ~ W. ~" Sr. i, &
Or Go'S pua nts[ W. yy6,ch s,S ,be .er''s on1
70 be eSea9e shall .1 be aeto rn, and no
SaCn uS W. w. determtnet,on 50 prescribed
%snVe NIP l,' nav in H.. disrretio, rorfe
-. $40 ,,ri ssir+{on IN tha ennallote iizis
49, - ~ sfnrsra ronrt in the erst fndiciaf
epartmeat for ne ruF no Oh raa1 NE
Sn un..,s ~ ~ a.. cltv mid ar ,he lime NJ ~
,'sane+tp shall +Seres,ter hecome invalid Nv
rneeprion no onsr,t}9n q. ony 81 tho Nov.
renson q th me s,ctien wbeneS~r The bo,pa
l."s VI 49,, .he same 90 +hose a, a @o,,n+v
VI az! .sr ." c,+v shoii fncl1da wl+hfn - hc,,.
or waen aS 5 o Sr'a', conntv Tho norer ~ g
no,n+r whoIlv included within such ctty 70 h.
county NY HhaIi ASA hn+ ~, Sobt ~ ~.
c 0,, heretofore Ay;stlnr shau not for tho
purposes ot this section. he reckoned part