Roye v. Borough of Columbia

Citations

• 192 Pa. 146
• 43 A. 597
• 1899 Pa. LEXIS 890

Syllabus

<p>Increase of municipal indebtedness—Special election—Act ofl897—Constitutional law.</p> <p>The borough of Columbia incurred from time to time an aggregate indebtedness in excess of two per cent of the assessed taxable property, for part of which bonds had been issued and were outstanding, and a portion thereof was represented by notes issued for temporary loans. Proceedings were had to issue a new loan for the entire indebtedness at a reduced rate of interest if approved by the electors at an election duly advertised; all old bonds to be retired with the proceeds of the new loan. A taxpayer’s bill was brought praying for an injunction to restrain the borough from issuing the bonds. Held, dismissing the bill, that under article 8 of the constitution of Pennsylvania, the increase of indebtedness in excess of the two per cent might be created and authorized by an election held under the provisions of the Act of April 13, 1897, P. L. 17.</p>