Pennsylvania Act 1915-379 — CITIES, FIRST CLASS - RELATING TO LOANS

Act text

CITIES, FIRST CLASS - RELATING TO LOANS
                  Act of Jun. 5, 1915, P.L. 846, No. 379              Cl. 11
                                  AN ACT

     To provide that the proceeds of loans, heretofore or hereafter
        issued by cities of the first class, shall constitute a
        consolidated loan fund, which may be appropriated and used
        for any purpose for which loans shall have been authorized or
        issued by such cities.

        Section 1.  Be it enacted, &c., That in cities of the first
     class all money being the proceeds of loans heretofore or
     hereafter issued by such cities shall constitute a fund to be
     called the "consolidated loan funds;" from which consolidated
     fund it shall be lawful to appropriate and use money for any
     purpose for which any loan or loans may have been authorized or
     issued by such cities: Provided, however, That nothing in this
     act shall permit the appropriation or use of money, for any
     purpose, in excess of the amount authorized or borrowed for that
     purpose.