 | 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.... | |
 | Samuel Alfred Foot - New York (State) - 1873 - 518 pages
...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 specified...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... | |
 | 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."... | |
 | 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.... | |
 | Thomas Foster Withrow, Edward Holcomb Stiles - Law reports, digests, etc - 1874 - 616 pages
...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 specified...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... | |
 | 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."... | |
 | 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,... | |
 | Benjamin Perley Poore - Constitutional law - 1877 - 1054 pages
...hereafter contracted by or on behalf of this State, unless such debt shall be authorized by some law for some single work or object, to be distinctly specified...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... | |
 | William Hand Browne, John Thomas Scharf - Constitutional history - 1878 - 394 pages
...unless such debt shall be authorized by a Law, providing for the collection of an annual tax, or taxes, sufficient to pay the interest on such debt, as it falls due ; and also, to discharge the principal thereof, withia fifteen years from the time of contracting the same ; and the... | |
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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 18 years from the time of the contracting thereof. 
