Joint resolution to provide for amending section 3 of the Puerto Rican Federal Relations Act (64 Stat. 319), as amended (64 Stat. 458)
PL 87-121 (H.J.Res.124), enacted 08/03/1961

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PUBLIC LAW 87-121-AUG. 3, 1961 
245 
Mount Diablo base and meridian; a 1-inch iron pipe set in the ground 
bears south 41 degrees 40 minutes west 146.13 feet; running thence, 
first north 41 degrees 40 minutes east 32.41 feet; second from a tangent 
that bears south 49 degrees 51 minutes 05 seconds east, on a curve to 
the right with a radius of 1,800 feet, through a central angle of 3 
degrees 08 minutes 50 seconds, a distance of 98.72 feet to a point on the 
southeast boundary of lot 2 in block numbered 13 of the townsite of 
Weaverville, Trinity County, California, which point bears south 31 
degrees 43 minutes west 50.47 feet from the centerline of State high-
way at engineers' station 806-1-89.71 P.O.C; third south 31 degrees 43 
minutes west 130.63 feet on the boundary of said block numbered 13 
to the southeast corner of said lot numbered 1 in block numbered 13; 
fourth south 89 degrees 39 minutes west 154.00 feet on the boundary 
of said lot 1; fifth north 41 degrees 40 minutes east 191.71 feet to the 
point of beginning. Containing 0.462 acre, more or less. 
Approved August 3, 1961. 
Public Law 87-121 
JOINT RESOLUTION 
August 3. 1
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To provide for amending section 3 of the Puerto Rican Federal Relations Act ^^ J' Re8« 124] 
(64 Stat. 319), as amended (64 Stat. 458). 
Resolved hy the Seriate and House of Representatives 
of the United 
States of America in Congress assembled, That section 3 of the Puerto pede^i ^RCII^IOM 
Rican Federal Relations Act (64 Stat. 319), as amended (64 Stat. 458), Act, amendment, 
is amended by deleting therefrom the following language: ''''Provided, 
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however, That no public indebtedness of Puerto Rico and the munic-
ipalities of San Juan, Ponce, Arecibo, Rio Piedras and Mayaguez shall 
be allowed in excess of 10 per centum of the aggregate tax valuation 
of its property, and no public indebtedness of any other subdivision or 
municipality of Puerto Rico shall hereafter be allowed in excess of 5 
per centum of the aggregate tax valuation of the property in any such 
subdivision or municipality," and "In computing the indebtedness of 
the people of Puerto Rico, municipal bonds for the payment of interest 
and prmcipal of which the good faith of the people of Puerto Rico 
has heretofore been pledged and bonds issued by the people of Puerto 
Rico secured by bonds to an equivalent amount of bonds of municipal 
corporations or school boards of Puerto Rico shall not be counted but 
all bonds hereafter issued by any municipality or subdivision within 
the 5 per centum hereby authorized for which the good faith of the 
people of Puerto Rico is pledged shall be counted." 
SEC. 2. Section 1 of this Act shall take effect upon a majority of the 
f SSi^^refSJen-
qualified electors of Puerto Rico having voted in a referendum pur- dum" "
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suant to section 1 of article VII of the constitution of the Common-^^^^^ use 73 id 
wealth of Puerto Rico, to include provisions in the Commonwealth "" *
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constitution, in lieu of the provisions of section 3 of the Puerto Rican 
Federal Relations Act specified herein, limiting the debt-incUrring 
capacity of the Commonwealth and of its municipalities (as proposed 
in the concurrent resolution of the legislative assembly of the Com-
monwealth). 
Approved August 3, 1961.