Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 3941.1. Borrowing of money authorized

Pursuant to the adoption by the people at the municipal election held in November, one thousand nine hundred forty-five of an amendment to article nine of the Constitution of Pennsylvania which reads as follows:

“Section 21. In addition to the purposes stated in article nine, section four of this Constitution, the Commonwealth may be authorized by law to create debt and to issue bonds to the amount of fifty million dollars ($50,000,000) for the construction of public buildings, highways, drainage and sanitary systems, anti-stream pollution and flood control projects for purposes of reforestation, and for the rehabilitation and hospitalization of war veterans,” the Governor, the Auditor General and the State Treasurer, in accordance with the provisions thereof, and on the credit of the Commonwealth of Pennsylvania, are hereby authorized and directed, from time to time, to borrow such sum or sums of money, not exceeding in the aggregate, the sum of fifty million dollars ($50,000,000) as may be deemed necessary to carry out the purposes of said amendment and statutes passed in conformity therewith.