 | New York (State). Attorney General's Office - Attorneys general's opinions - 1917 - 580 pages
...section 4, article VII of the Constitution by various referendum laws. The Constitution provides that " such law shall impose and provide for the collection...also to pay and discharge the principal of such debt tr it-bin fifty years from the time of the contracting thereof." The only alternative open to the Legislature... | |
 | New York (State). Attorney General's Office - Attorneys general's opinions - 1907 - 750 pages
...sections 2 and 3 of this article, no debt shall be hereafter contracted by or on behalf of this state unless such debt shall be authorized by a law, for...provide for the collection of a direct annual tax to be paid. * * * . No such law shall take effect until it shall, at a general election, have been submitted... | |
 | New York (State). Attorney General's Office - Attorneys general's opinions - 1913 - 752 pages
...(A). It must be for some single work or object to be distinctly specified therein ; (B). The law must impose and provide for the collection of a direct annual tax to pay, and sufficient to pay and discharge the principal within fifty years ; and receive. a majority of the votes cast for and... | |
 | Ward Leslie Bishop - Debts, Public - 1928 - 656 pages
...substantially equal annual installments within twenty years." The 1870 section provided only that the tax be "sufficient to pay the interest on such debt, as it falls due, and also to pay and discharge the principal thereof within twenty years." The provision reflects a knowledge in... | |
 | United States. Bureau of Education - Education - 1895 - 956 pages
...aforesaid, Khali, 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.... | |
 | Leonard Alton Moe - 1928 - 310 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;... | |
 | State Historical Society of Wisconsin - Biography & Autobiography - 1928 - 992 pages
...following: "Strike out all after the word 'by' in the first section and insert as follows : 'and by law for some single work or object to be distinctly specified therein. Such work to have but two points of termination ; and such law shall provide for levying a tax sufficient... | |
 | Law reports, digests, etc - 1905 - 2338 pages
...named, 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 tq pay and discharge the principal thereof within twenty years from the time of contracting the same.... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1938 - 198 pages
...incurring any indebtedness as aforesaid shall * * * provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, nnd also to pay .and discharge the principal thereof * * * (art. XI, sec. 3, amended). (6) School taxes.... | |
 | New York (State) - Law - 1916 - 680 pages
...alteration. In case the Legislature increase the rate of interest upon any such debt, or part thereof, it shall impose and provide for the collection of a direct annual tax to pay and sufficient to pay the increased or altered interest on such debt as it falls due and also to pay and discharge the principal... | |
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... provide for the collection of a direct annual tax to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within fifty years from the time of the contracting thereof. 
