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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 Revised Statutes of the State of Illinois: Embracing All Laws of a ...

Illinois - 1887 - 2194 pages
...such term. [Purcell ¥. Parks, 82 IU. 346. § 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 ihe aggregate exceeding five per...
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School Laws of Iowa from the Code of 1873: As Amended by the Fifteenth ...

Iowa - 1888 - 368 pages
...indebtedness for the purpose of borrowing money. (s) No district can become indebted in any manner, or for any purpose, to an amount, in the aggregate, exceeding five per cent on the value of its taxable property. Constitution, article 11, section 3. (t) Any unappropriated...
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The American Commonwealth, Volume 2

James Bryce Bryce (Viscount) - 1888 - 746 pages
...vote of the people of the county. 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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Legislative Document, Volume 16

New York (State). Legislature - 1925 - 1204 pages
...shall be prescribed by the legislature. * * * 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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The Federal Reporter

1925 - 1114 pages
...assent shall any indebtedness be allowed tp be incurred 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 assessment next before the last assessment for state...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 41 à 42

1890 - 1908 pages
...the state constitution, which declared that — "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, Volume 41

1890 - 968 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 tuxes, previous...
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The Federal Reporter, Volume 111

1902 - 1034 pages
...of Illinois (article 9, § 12) ordained that: "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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Education Series, Numéro 3

1925 - 372 pages
...I9'7i P- 98. "Ibid., 1917. P- S'. ■«=■ '3a"Ibid., 1919, p. 4. »«• 7existing 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 Federal Reporter, Volume 119

1908 - 1056 pages
...is not a "special assessment." and calling it such does not make it so. The constitution says, "No municipal corporation shall be allowed to become indebted in any manner, or for any purpose, more than five per centum on the last assessment," etc. The words "for any purpose"...
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