The indebtedness of a county, municipality or school district is limited to 5% of the value of its taxable property.
The bulk of this indebtedness has been contracted for the purpose of constructing railways, tramways, water-supplies, and other revenue-producing works and services, and it is estimated that only 8% of the total indebtedness can be set down for unproductive services.
The Italian local authorities, communes and provinces alike, have considerably increased their indebtedness since 1882, The ratio of communal and provincial debt per inhabitant has grown from 30.79 lire (~1, 4s.
During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.
At the same time the chief lines of railway which had been built by public companies with a state guarantee, and which represented a loss to the empire of £3,171,250 per annum, as well as a growing indebtedness, were bought by the state.
Thus, in any estimate of the influence of Babylonia upon the Old Testament, it is obviously necessary to ask whether certain features (a) are of true Babylonian origin, or (b) merely find parallels or analogies in its stores of literature; whether the indebtedness goes back to very early times or to the age of the Assyrian domination or to the exiles who now returned.
Its principle was exactly house, that of the clearing houses used by the railways and the oat to n nk an d banks, the cancellation of indebtedness and discharge periodic s i mply of balances.
Secondly, besides the plagiarist Tudebod, there are the artistic redacteurs of the Gesta, who confess their indebtedness, but plead the bad style of their original - Guibert of Nogent, Balderich of Dol, Robert of Reims (all c. 1120-1130), and Fulco, the author of a Virgilian poem on the Crusades, continued by Gilo (ob.
Other principal sources of income are excise taxes, a general property tax, an inheritance tax and a tax on insurance premiums. For the fiscal year ending June 1909 the net income of the insular government was $3,180,111.75 and the net bonded indebtedness was $3,759,231.22.
Give but the very faintest idea of the degree of his indebtedness in thought and phraseology in several of his Epistles, especially that to the Romans.
Table B shows the total indebtedness of the Ottoman Empire, exclusive of tribute loans.
On Virgil's indebtedness to Naevius and Ennius, see V.
The purchase of guaranteed railways owned by foreign companies likewise added largely to the bonded indebtedness, though the onus was in existence in another form.
In addition to the indebtedness of the national government, the individual states have also incurred funded debts of their own.
In 1880-81 there was a consolidation and conversion of the republic's foreign indebtedness through a new loan of £2,750,000 at 3%, and in 1896 a new loan of 50,000,000 bolivares (£1,980,198) for railway guarantees and other domestic obligations.
This contract relieved Peru of its crushing burden of foreign indebtedness, and turned an apparently heavy loss to the bondholders into a possible profit.
The state has no bonded debt, and the constitution forbids it to incur debts exceeding in the aggregate a quarter of a million dollars, except for warlike purposes or for some single work to which the people give their consent by vote; the constitution also forbids any county or municipal corporation from incurring an indebtedness exceeding 5% of the value of its taxable property.
Franklin, besides, was constantly called upon to meet the indebtedness of Lee and of Ralph Izard (1742-1804), and of John Jay, who in Madrid was being drawn on by the American Congress.
In spite of his indebtedness to Caesar, Lentulus joined the Pompeians on the outbreak of civil war (49).
Considering, then, his other differences from Anabaptist theories, and the absence of any hint to the contrary in his own autobiographical references, " it is safe to affirm that he had no conscious indebtedness to the Anabaptists " (Williston Walker, Creeds and Platforms of Congreg., New York, 1893, p. 16).
The constitution prohibits the legislature from lending the state's credit or incurring an indebtedness for current expenses in excess of $1,000,000 or incurring any indebtedness whatever, other than for war purposes, unless such indebtedness be authorized by law for " some single work or object," the law to be approved by the people at a general election and providing for a direct annual tax sufficient to pay the interest and to liquidate the debt within eighteen years.
That instrument further prohibits each county, city, town and village from lending its credit and from creating an indebtedness in excess of 10% of the assessed valuation of its real estate.
The state had a bonded debt in 1909 of $384,000, authorized by popular vote in November 1908; by the constitution the aggregate indebtedness of the state was limited to $100,000 except in case of war, invasion or insurrection, or in case a measure authorizing a greater indebtedness should be submitted by the legislature to the electorate and should receive a majority of the votes cast.
The constitution limits the indebtedness of a county to 5% of the value of its taxable property and that of a city, town or school district to 3%, except that the question may be submitted to a vote of the tax-payers affected when it is deemed necessary to construct a sewerage system or procure a water supply.
There is a small nominal indebtedness, less than the cash surplus in the treasury.
The state debt, excluding the amount of Territorial indebtedness assumed when Dakota Territory was divided, may not exceed $200,000.
Local indebtedness is limited to 5% of the assessed value of the local property, but incorporated cities may by special vote increase this limit.
The problems particularly of the primitive history were first brought into clear light by him, and all subsequent work upon the subject must acknowledge its indebtedness to him.
From 1820 to 1836 Maryland, in its enthusiasm over internal improvements, incurred an indebtedness of more than $16,000,000.
To meet the interest, such heavy taxes were levied that anti-tax associations were formed to resist the collection, and in 1842 the state failed to pay what was due; but the accumulated interest had been funded by 1848 and was paid soon afterwards, the expenses of the government were curtailed by the constitution of 1851, and after the Civil War the amount of indebtedness steadily decreased until in 1902 the funded debt was $6,909,326 and the net debt only $2,797,269.13, while on the 1st of October 1908 the net debt was $366,643.91.
Megillath Esther, dating, to judge from its indebtedness to Josippon (the pseudo-Josephus), after 10th century.
The writer desires to express his indebtedness to Mr Israel Abrahams for bibliographical and other suggestions.
It can be shown, however, that Newton was not ignorant of Bacon's works, and Dr Fowler explains his silence with regard to them on three grounds: (1) that Bacon's reputation was so well established that any definite mention was unnecessary, (2) that it was not customary at the time to acknowledge indebtedness to contemporary and recent writers, and (3) that Newton's genius was so strongly mathematical (whereas Bacon's great weakness was in mathematics) that he had no special reason to refer to Bacon's experimental principles.
To national debts there has been added a great mass of municipal and local indebtedness, which seems likely to equal, or even exceed in magnitude the liabilities of the central governments.
In 1907 the total bonded debt of the state was $393500; the General Assembly in 1906 authorized the issue of $900,000 worth of bonds to fund outstanding military certificates of indebtedness incurred in suppressing insurrections at Cripple Creek and elsewhere in 1903-1904.
In each city incorporated after its adoption, the Constitution requires the election in each of a mayor, a treasurer and a sergeant, each fora term of four years, and the election or appointment of a commissioner of the revenue for an equal term; that in cities having a population of 10,000 or more the council shall be composed of two branches; that the mayor shall have a veto on all acts of the council and on items of appropriation, ordinances or resolutions, which can be overridden only by an affirmative vote of two-thirds of the members elected to each branch; and that no city shall incur a bonded indebtedness exceeding 18% of the assessed value of its real estate.
Wyoming entered the Union with a bonded indebtedness of $320,000.
The total bonded county indebtedness was $4,879,600 in 1906 (not including that of San Francisco, a consolidated city and county, which was $4,568,600).
Mathematical knowledge is not involved in the same condemnation, solely because of the " archetypal " character, which, not without indebtedness to Cumberland, Locke attributes to its ideas.
In 1909 the receipts were $22,739,000, the expenditure $23,337,000, and the total bonded indebtedness $16,000,000.
(to) That over-assessment is not, as alleged, a general or wide spread source of poverty and indebtedness in India, and that it cannot fairly be regarded as a contributory cause of famine.
The constitution prohibits the state from lending its credit or making appropriations in aid of any corporation, association or individual, and from constructing internal improvements, and the counties, townships, and other political units cannot incur indebtedness in excess of 5% of their assessed property valuation.