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" ... sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within eighteen years from the time of the contracting thereof. "
The Constitution of the State of New York, Together with the Rules and ... - Page 42
by New York (State). Legislature - 1887
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Albany Law Journal, Volume 7

Law - 1873 - 532 pages
...deficits in revenues, or for expenses uot provided for, or to repel invasion, etc., unless authorized by a law for some single work or object to be distinctly specified therein, and such law cannot take effect until upon a submission to the people at a general election it shall have received...
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The Constitution of the State of Illinois: As Adopted in Convention, May 13 ...

Illinois, Illinois. Constitutional Convention - Constitutional history - 1870 - 64 pages
...aforesaid, shall, before or at the time of doing so, provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within twenty years from the time of contracting the same....
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Proceedings of the State Convention, Held at Rochester, January 19th, 1870 ...

Commercial Union of the State of New York - Canals - 1870 - 116 pages
...a general election. Even then the law must also provide that a direct annual tax shall be collected to pay the interest on such debt as it falls due, and to discharge the principal within eighteen years after the creation of the debt. An amendment adopted...
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The New Constitution of the State of Illinois: Ratified by the People, July ...

Illinois - Constitutional law - 1870 - 50 pages
...aforesaid, shall, before or at the time of doing so, provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within twenty years from the time of contracting the same....
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Autobiography: Collateral Reminiscences, Arguments in Important Causes ...

Samuel Alfred Foot - New York (State) - 1873 - 518 pages
...shall be hereafter contracted by or on behalf of this state, unless such debt shall be authorized by a law for some single work or object to be distinctly...eighteen years from the time of the contracting thereof." The meaning is obvious. A state debt is an obligation to repay money borrowed on the credit of the...
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A Practical Treatise on the Law of Municipal Bonds, Volume 1

William Nichols Coler - Municipal bonds - 1873 - 482 pages
...aforesaid, shall, before or at the time of doing so, provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within twenty years from the time of contracting the same....
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Laws of the State of Wisconsin

Wisconsin - Bills, Private - 1873 - 710 pages
...aforesaid, shall "before or at the time of doing so, provide for the collection of a direct, annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof, •within twenty years from the time of contracting the same."...
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Digest of the Decisions of the Supreme Court of Iowa: From the ..., Volume 1

Thomas Foster Withrow, Edward Holcomb Stiles - Law reports, digests, etc - 1874 - 616 pages
...be hereafter contracted by orón behalf of this State unless such debt shall be authorized by some law for some single work or object, to be distinctly...impose and provide for the collection of a direct annual tax, sufficient to pay the interest on such debt, as it falls due, and also to pay and discharge...
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The Revised Statutes of the State of Illinois: A. D. 1874

Illinois - Law - 1874 - 1270 pages
...at the time of incurring any indebtedness, shall provide for the collection of a direct annual tax re and perpetuate mutual friendship and intercourse among the people of pay and discharge the principal thereof within twenty years after contracting the same. [See § 90,...
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The Central Law Journal, Volume 12

Law - 1881 - 638 pages
...aforesaid, shall before, or at the time of doing so, provide for the collection of a direct annual tax, sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within twenty years from the time of contracting the same."...
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