Oole, J. i. municipal umitat?ono0eN: ordfnary ex~s * penses. — I. Our constitution declares that “ no municipal corporation shall be allowed to become indebted in any manner or f°r an7 Papóse, to an amount in the aggregate, exeeding five per centum on the value of the taxable property within such corporation — to be ascertained by the last State and county tax lists, previous to the incurring of such…
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