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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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The Northeastern Reporter, Volume 72

1905 - 1204 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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The Northwestern Reporter, Volume 28

1886 - 1058 pages
...ruling is assigned as error. Section 3, art. 11, of the constitution, provides that "no county or other municipal corporation shall be allowed to become indebted,...amount in the aggregate exceeding five per centum of the value of the taxable property within such county or corporation. * * *" It is insisted that...
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United States Supreme Court Reports, Volume 27

United States. Supreme Court - 1886 - 1086 pages
...words of the State Constitution, prohibited independent school districts from incurring indebtedness to an amount in the aggregate exceeding five per centum on the value of its taxable property, to be ascertained by the last state and county tax lists previous to the incurring...
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The South Western Reporter, Volume 218

1920 - 1278 pages
...221, 35 L. Ed. 1044, It Is said: "The Constitution of Iowa (article 11, § 3) ordains as follows : 'No county, or other political or municipal corporation,...—to be ascertained by the last state and county tax lists, previous to the incurring of such indebtedness.' "The scope and meaning of this provision of...
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The Pacific Reporter, Volume 13

1887 - 1028 pages
...heretofore many times interpreted by the courts. The constitution of Iowa has a provision as follows: "No county, or other political or municipal 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...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 6

Montana. Supreme Court, Henry Nichols Blake - 1887 - 682 pages
...heretofore many times interpreted by the courts. The constitution of Iowa has a provision as follows: "No county, or other political or municipal 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...
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A Digest of the Decisions of the Supreme Court of Iowa from Its ..., Volume 2

Emlin McClain - 1887 - 1102 pages
...Under the section of the constitution ' providing that no municipal corporation shall become indebted to an amount in the aggregate exceeding five per centum on the value of its taxable property, outstanding warrants as well as bonds are to be taken into consideration in estimating...
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Our "Remedy in the Laws."

Charles L. Bonney - 1887 - 52 pages
...increased or diminished during such term. g 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 Southwestern Reporter, Volume 20

1893 - 1324 pages
...exceed fifty cents on the one hundred dollars' valuation on taxable property in said towns; that DO municipal corporation shall be allowed to become indebted in any manner or for any purpose to an amount exceeding in any year the income and revenue provided for such year, without...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 120

United States. Supreme Court - 1887 - 882 pages
...contains this provision : Art. IX, section 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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