Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 16499. Loans for purposes of park

The city of Philadelphia shall be authorized and required to raise by loans, from time to time, such sums of money as shall be necessary to make compensation for all grounds heretofore taken or to be taken for said Fairmount park, and for the laying out and construction thereof for public use;  for the permanent care and improvement thereof, and for all culverts and other means for preserving the Schuylkill water pure for the use of the citizens of said city, and shall annually assess taxes for keeping in repair and good order the said park;  and shall also provide for the payment of the interest on all said loans, and the usual sinking fund for the redemption thereof.