Proceedings of the Constitutional Convention of the State of Illinois; Convened January 6, 1920 Volume 3.cWilliam Scott Gray
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...is well grounded, but it was not the intent of the committee, I Relieve, to have it so refer. Mr. HAMILL (Cook). I am only seeking light as to the intent. Mr. SUTHERLAND (Cook). The chairman will correct me, but my understanding was that the General Assembly was to have that power. Mr. HULL (Cook). That would be upon the request of the city undoubtedly, any such proposal to come in. Mr. HAMILL (Cook). I supposed it meant Chicago. Mr. HULL (Cook). No, to the amount fixed by the General Assembly in the act providing for the license to increase the debt limit. I would like to ask Mr. Sutherland a question. I don't know whether it is entirely pertinent to this proposal, but supposing that there is no consolidation of the various taxing districts inside the city limits for several years to come, and some of these taxing districts incur additional indebtedness? It has been stated here that the debt increasing power is about 25 per cent upon the 50 per cent assessed valuation, or 12% per cent upon the full valuation. Supposing the consolidation of these taxing bodies is postponed for some time and some of these other debt increasing bodies increase their bonded obligations to a considerable amount. The limitation of 5 per cent is upon the full value as shown in section 15, and would be inadequate in any such situation to the limitation that you provide in your previous amendment would be inadequate. Mr. SUTHERLAND (Cook). It seems to me, Mr. Chairman, that that question goes to the amendment which has just been adopted, and in order to make your question effective, we would have to reconsider the amendment which has just been adopted and not the pending amendment. Mr. HULL (Cook). I think it ought to be reconsidered. Mr. SUTHERLAND (Cook). I...
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