New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
LAWS OF NEW YORK


the city current net revenue, alter making
any necessary allowance for repairs and
maintenance for which the city Is liable,
IN excess OF the interest on said debt and
OF the annual tnstaments necessary for
its amortization, may be excluded in as
certaining the power OF said city to be-
come otherwise indebted. provided that a
sinking fund for it's amortization shall
nave been established and maintained, and
ma, me Indebtedness shall not be 30 ex-
GUIDED during any period of time when
the revenue aforesaid shall not he yuf-
ncient to equal the said interest and amor
uRation Instruments and except further
tnat any indebtedness heretofore incurred
by the city OK New York for any rapid
transit or dock Investment may be
cIuded proportionately to the extent to
Wnlch the current net revenue received b.
salo city therefrom shall meet the interest
ana amortization instruments thereof. pro-
weed that any increase in the debt in
curing power of the city of New York
which shall result from the exclusion of
ueots heretofore incurred shall be avail
non or properties to be used for rapid
transit or dock purposes. The Legislature
shali prescribe the method by which and
the terms and conditions under which the
amount or any debt to he so excluded
snail be determined. and no such debt
shast be excluded except In accorda nee
Win the determinat ton 80 prescribed The
legislature may In its discretion confer
appropriate jurisdiction on the appellate
ulylsion OF the supreme court In the first
Juuiclai department for the purpose of de-
- INNING the amount OF any debt to be 40
e*S!uueo; No Indebtedness OF city valid
a. ar,s sne tine OF ITS Inception shall there
operation of any of the provisions of this
seolon whenever the boundaries OF any
ylS Ssp are the same as those of county, or
wen Wen airy city shall include within its
boundaries more than one county. the
power OF any county wholly included with
cease, but the debt of the county heratn-
tSre existing. shall not, for the purposes
% o. 'nls section. be reckoned a part o.
De raised by tax for county or CITY pur
poses, exclusive Of appropriations for edu-
i nr 81 purposes, In any county contain
iili'a . va nts or any such city of this state
IN ADDITION to providing for the princinai
ana interest Of existing debt. shall not IN
sie aggregate exceed in any one wear twn
nor centum of the assessed valuation ~
one Ftal and personal estate of such county
~ S', ~. TO Dc aseertained as prescribed in
dh section IN respect to county or city
-r,sS. Resolved OF the SENATE concur).
Ihdt the foregoing amendment ho rafarrs
70 the legislature to be chosen ar me nev+
general election OF senator's and in ron
tean ~ Win section one of article four
three months previous to the .irne Of srch
election ~ 'iio VI such
STATE OF NEW YORK.
IN ASSEMBLY,
This bill was duly passed Apr' ma s9i io 1879
a." ,,nt, me members elected to the Assembly
votlhg IN favor thereof three ffths beine
by order OF the Assembly.
THADDEUS c. SWEET
STATE OF NEW YORK SE90"e'
IN SENATE.
rb,s ,u, Apr 90. 1920.
all ' rs pt5t was duly passed a majority OF
ihereof. three-f1fths being present. WI
ny order of the Senate,
HARRY {. WALKER
Drr..
STATE OF NEW YORK. '''1'"'
once of the Secretary OF state IS
nave compared the preceding copv or
concurrent resolution with the oririnaI
thesotutlon on hle in this office and do
neitps certlfy that the same is correct
thereof '"e "nole
Given under my hand and the seal Of
office of the Secretary of stare a,
IL 81 the city Of Albany this first dav
OF July IN the year one thousand
nine hundred and twenty
FRANCIS NJ HUGO
Secretary Of State.
SEVENTEEN
- r * on-Matter in italics is new
matter in brackets ] is old law to be
STATE OF NEW YORK
once OF the Secretary of State
,,. Albany July !. 1870
PURSUANT to tho provisions of section one
o. Hrllcie 1ourtef of the Constitution OF
Inc state OF NJ York, and section two
hundred ninety W of the Election Law
notice is hereby given that the following
proposed amendment to section eleven NJ
artlcle eight of the Constitution of the
state OF New York is referred to the legis-
lature to be chosen at the next ganeraI
election of senator's in this State 70 he hsid
hundred twenty.