Evolution of the Public School Bonded Debt of PennsylvaniaUniversity of Pennsylvania, 1925 - 121 páginas |
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Evolution of the Public School Bonded Debt of Pennsylvania Isaac Doughton Visualização integral - 1925 |
Palavras e frases frequentes
Act of April Act of March amount annual tax April 15 assessed valuation average daily attendance bond issue bond sales bonds outstanding borough borrowing building tax Cambria County capita debt cent centum chapter cities class districts classes of districts Constitution COST OF BUILDINGS county unit courts Crawford County current expenses debt per capita debt per pupil debt policy DEBT TO ASSESSED Delaware County Department of Public districts in Pennsylvania districts report East Conemaugh Education empowered Four-Year Periods fourth class fourth-class districts increase legal limit legislation loans and bond maxima and minima municipal Municipal Bonds net bonded debt payment Philadelphia Public Instruction pupil debt refunding S. C. Section school bonded debt school directors school districts school law school system second-class districts sinking funds special acts Superintendent tax levy tax rate taxable property taxation taxing power temporary debt third-class districts tion township Tremont Township tricts Union County
Passagens conhecidas
Página 22 - The legislature shall, as soon as conveniently may be, provide, by law, for the establishment of schools throughout the State, in such manner that the poor may be taught gratis.
Página 46 - Any county, township, school district or other municipality, incurring any indebtedness, shall, at or before the time of so doing, provide for the collection of an annual tax, sufficient to pay the interest, and also the principal thereof within thirty years.
Página 22 - The General Assembly shall provide for the maintenance and support of a thorough and efficient system of public schools, wherein all the children of this Commonwealth, above the age of six years, may be educated, and shall appropriate at least one million dollars each year for that purpose.
Página 48 - The debt of any county, city, borough, township, school district or other municipality or incorporated district, except as herein provided, shall never exceed seven per centum upon the assessed value of the taxable property therein, nor shall any such municipality or district incur any new debt, or increase its indebtedness to an amount exceeding two per centum upon such assessed valuation of property, without the assent of the electors thereof at a public election in such manner as shall be provided...
Página 47 - indebtedness," used in this act, shall be deemed, held and taken to include all and all manner of debt, as well floating as funded, of the said municipality ; and the net amount of such indebtedness shall be ascertained by deducting from the gross amount thereof, the moneys in the treasury, all outstanding solvent debts, and all revenues applicable within one year to the payment of the same.
Página 49 - ... therefor under the seal of the district, if any, properly attested by the president and secretary thereof, payable within two years from the date thereof, and bearing interest not exceeding the legal rate, but no such obligation shall be sold...
Página 46 - ... therefor, assess and levy an annual tax, the collection whereof shall commence the first year after the said increase, which tax shall be equal to and sufficient for and applied exclusively to the payment of the interest and the principal of such debt, within a period not exceeding thirty years from the date of such...
Página 50 - Any of the said municipalities or counties may incur indebtedness in excess of seven per centum, and not exceeding ten per centum, of the assessed valuation of the taxable property therein, if said increase of indebtedness shall have been assented to by three-fifths of the electors voting at a public election, in such manner as shall be provided by law.
Página 41 - ... to borrow money at a rate of interest not exceeding six per centum, and issue bonds therefor in sums...
Página 29 - The total annual school tax levy, made in any one year, by any school district of the first class, shall not be less than five nor more than six mills on the dollar of the total assessment of all property assessed and certified for taxation therein.