No county or other political corporation shall become indebted for itsgeneral or ordinary purposes to an amount exceeding in the aggregate one and one-fourth percent of the actual value of the taxable property within the corporation. The value of property shall be ascertained by the last tax listprevious to the incurring of the indebtedness. Indebtedness incurred by a county solely for poor relief purposes isnot for its general or ordinary purposes. [S13, §1306-b; C24, 27, 31, 35, 39, §6238; C46, 50, 54, 58, 62, 66, 71, 73, §407.1; C75, 77, 79, 81, §346.24]
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