Lesser v. Warren Borough

Citations

• 237 Pa. 501
• 85 A. 839
• 1912 Pa. LEXIS 957

Syllabus

<p>Municipalities — Municipal indebtedness — Seven per cent, limit —Constitution, Art. IX, Sec. 8 — Purchase of water works— Bonds with limited liability.</p> <p>Bonds issued by a borough in accordance with the provisions of the Act of May 31, 1907, P. L. 355, as amended by the Act of April 22, 1909, P. L. 135, to purchase a water works, secured solely by the water works without any further liability on the part of the borough, will constitute an indebtedness forbidden by Section 8, Art. IX, of the Constitution, if the aggregate of such bonds taken with the prior indebtedness of the borough amounts to more than seven per cent, of the tax'able property of the municipality.</p>