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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 the... "
A Practical Treatise on the Law of Municipal Bonds - Page 352
de William Nichols Coler - 1873
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 42

Iowa. Supreme Court - 1877 - 776 pages
...School Dist. of Steamboat Bock. Article eleven, section three, of the Constitution provides that no political or municipal corporation shall be allowed...in any manner, or for any purpose, to an amount in an aggregate exceeding five per centum on the value of the taxable property within such corporation....
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The Federal and State Constitutions: Colonial Charters, and Other Organic ...

Benjamin Perley Poore - 1877 - 1054 pages
...increased or diminished during such term. SEC. 12. No county, city, township, school-district, or other s to all or to any of the propositions contained in the ordinance of the s for any purpose, to an amount, including existing indebtedness, in the aggregate exceeding five per...
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The Laws of Wisconsin

Wisconsin - 1877 - 686 pages
...Brads not to be to'd at le»s than par. Act applicable to sntisciiptlons heretofore made. debtedness, in the aggregate exceeding five per centum on the value of the taxable property therein, to be ascertained by the last assessment for state and county taxes previous...
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The American Reports: Containing All Decisions of General ..., Volume 22

Isaac Grant Thompson - 1878 - 860 pages
...McPherson v. Foster. The Constitution of this State contains the following inhibitor)' provision: " No county, or other political or municipal corporation,...purpose to an amount in the aggregate exceeding five per cent on the value of the taxable property within such county or corporation, to be ascertained by the...
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New Cases Selected Chiefly from Decisions of the Courts of the ..., Volume 4

Austin Abbott - 1879 - 664 pages
...J.). In this case the constitution forbade any municipal corporation to become indebted in any manner, or for any purpose, to an amount in the aggregate exceeding five per cent., on taxable property, &c. A school district whose property and indebtedness was such that the...
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 49

Iowa. Supreme Court - 1879 - 760 pages
...the ordinance because it, in fact, constitutes the contract. The Constitution provides as follows : "No county, or other political or municipal corporation, shall be allowed to become i. MUNICIPAL indebted in any manner, or for any purpose, to an corporation: . , ,. limit of in. amount...
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White and Black: The Outcome of a Visit to the United States

Sir George Campbell - 1879 - 454 pages
...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 the taxable property therein, to be ascertained by the last assessment for state and county taxes, previous...
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State of Wisconsin Blue Book

Wisconsin - 1879 - 632 pages
...contracting debts by such municipal corporations. No county, city, town, village, school district, or other municipal corporation, shall be allowed to become indebted in any manner or for any purpose, to any amount, including existing indebtedness, in the aggregate exceeding five per...
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Constitution of the State of Illinois: Adopted and Ratified in 1870, and ...

Illinois - 1879 - 70 pages
...increased or diminished during such term. § 12. 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...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 25 à 26

1886 - 1942 pages
...forbidden by section 3 of article 11 of the constitution of the state of Iowa, which provides that "no county or other political or municipal corporation...corporation, to be ascertained by the last state and county tax-lists previous to the incurring of such indebtedness." 1 Reported by Robertson Howard, Esq., of...
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