Pennsylvania Act 1915-168 — VALIDATING SCHOOL DISTRICTS BONDS

Act text

VALIDATING SCHOOL DISTRICTS BONDS
                  Act of May 6, 1915, P.L. 273, No. 168               Cl. 24
                                  AN ACT

     To validate bonds of any school district in this Commonwealth
        and the indebtedness represented by said bonds, heretofore
        issued, since the eighteenth day of May, one thousand nine
        hundred and eleven, when such indebtedness or increase of
        indebtedness was not incurred, and such bonds were not
        issued, at the time of assessing and levying the annual
        school taxes.

        Section 1.  Be it enacted, &c., That in all cases where the
     indebtedness of any school district of this Commonwealth has
     been increased since the eighteenth day of May, one thousand
     nine hundred and eleven, and bonds to represent said
     indebtedness have heretofore been issued, and sold to purchasers
     for value, and all proceedings antecedent to the issuance of
     said bonds have been duly and regularly had and performed as
     prescribed by the laws of this Commonwealth, saving and
     excepting only that such indebtedness or increase of
     indebtedness was not incurred, and such bonds were not issued
     therefor, at the time of assessing and levying the annual school
     taxes, as required by the five hundred and sixth section of an
     act of Assembly of the Commonwealth of Pennsylvania, entitled
     "An act to establish a public school system in the Commonwealth
     of Pennsylvania, together with the provisions by which it shall
     be administered, and prescribing penalties for the violation
     thereof; providing revenues to establish and maintain the same,
     and the method of collecting such revenues; and repealing such
     laws, general, special, or local, or any parts thereof, that may
     be inconsistent therewith," approved the eighteenth day of May,
     Anno Domini one thousand nine hundred and eleven; said bonds so
     issued, and said indebtedness so incurred, are hereby declared
     to be valid, and shall be held and judged to be valid and
     sufficient in law to all intents and purposes: Provided,
     however, That nothing herein contained shall validate any bonds
     which may have been improperly and illegally executed or sold or
     delivered.