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" No county, city, township, school district, or other municipal corporation, shall be allowed to become indebted in any manner or for any purpose, to an amount, including existing indebtedness, in the aggregate exceeding five per centum on the value of... "
Reports Made to the Senate and House of Representatives of the State of Illinois - Page 369
by Illinois - 1871
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The Pacific Reporter, Volume 48

1897 - 1148 pages
...City of Davenport, 3« Iowa, 396, the supreme court of Iowa says: "Our constitution declares that 'no municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount in the aggregate exceeding live por centum on the value of the taxable...
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McClain's Annotated Statutes of the State of Iowa: Showing the ..., Volume 2

Iowa, Emlin McClain - 1884 - 940 pages
...municipal cor poratious. This section, held, not to prohibit the Sue. 3. No county, or other political or municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount in the aggregate, exceeding five- per centum on the value of the taxable...
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The Pacific Reporter, Volume 102

1909 - 1132 pages
...purpose to an amount, including existing indebtedness, in the aggregate exceeding three per centum of the value of the taxable property therein, to be ascertained by the Inst assessment for the state and county taxes previous to the incurring of such indebtedness, and...
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The Pacific Reporter, Volume 13

1887 - 956 pages
...corporation, shall be allowed to become indebted, or in any manner, or for any purpose, to an amount in the aggregate exceeding five per centum on the value of the taxable property within such county or corporation, to be ascertained by the last state and county...
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The Northeastern Reporter, Volume 27

1891 - 1156 pages
...language of section 12, art. 9, of the constitution, is: "No county, city, township, school-district, or other municipal corporation shall be allowed to...purpose, to an amount, including existing indebtedness, exceeding, in the aggregate, five per centum on the value of the taxable property therein, to he ascertained...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 114

United States. Supreme Court - 1885 - 792 pages
...language of the Constitution is that no city, &c., " shall be allowed to become indebted in ny manner or for any purpose to an amount, including existing...aggregate exceeding five per centum on the value of its taxable property." It shall not become indebted. Shall not incur any pecuniary liability. It shall...
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Laws of Wisconsin Concerning the Organization and Government of Towns and ...

Wisconsin - 1885 - 596 pages
...an amount which, when added to the then existing indebtedness of such municipality, will make a sum exceeding five per centum on the value of the taxable property therein, to be ascertained by the last previous "assessment for state and county taxes. SECTION 950. In case any such subscription as in the...
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The Northeastern Reporter, Volume 22

1890 - 1166 pages
...does not. The language of the section, so far as material to be now stated, is: "No * * * city * * * or other municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount * * * in the aggregate exceeding five per centum on the value of the...
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United States Supreme Court Reports, Volume 29

United States. Supreme Court - 1886 - 1020 pages
...express contract found in the bonds. The language of the Constitution is that no city, etc., " shall be allowed to become indebted in any manner or for...aggregate exceeding five per centum on the value of its taxable property." It shall not become indebted, shall not incur any pecuniary liability; it shall...
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Digest of Laws Relating to Local Parks and Recreation as of January 2, 1940

United States. National Park Service - 1941 - 568 pages
...and credit of the district and issue bonds therefor. No district may become indebted in any manner or for any purpose to an amount, including existing indebtedness, in the aggregate exceeding 1 percent of the assessed value of the taxable property therein. No district may incur indebtedness...
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