Graham v. City of Spokane

Citations

• 19 Wash. 447
• 53 P. 714
• 1898 Wash. LEXIS 407

Syllabus

<p>MUNICIPAL COBPOEATIONS — INDEBTEDNESS — HOWDETEEMINED.</p> <p>In computing the indebtedness of a city to ascertain whether it comes within the 1% per cent, limitation of taxable property, permitted by art. 8, § 6 of the constitution, there should be deducted from the outstanding indebtedness the amount of cash on hand and the amount of uncollected current and delinquent taxes.</p> <p>Where a city has incurred a bonded indebtedness by a vote of its people, under the constitutional provision allowing cities by popular vote to incur such indebtedness in excess of 1 y2 per cent, of its taxable property up to 5 per cent, thereof, such bonded indebtedness is not to be included in making computations of a city’s indebtedness in order to ascertain whether it is in excess of the per cent, limitation.</p>