just decided show how absolute the granted powers are construed to be. ButtHeldv. Stranahan U. S McCrayv. U. S U. SJAMESPARKERHALL.University of Chicago Law School.NOTES ON MUNICIPAL GOVERNMENTMunicipal IndebtednessA SymposiumCity of New York.By the Editor from material furnished by the Department of Finance.Boston.EDWARDM. HARTWELLSecretary Statistics Department Boston Mass.Baltimore.SOLOMONBLUMJohns Hopkins University Baltimore Md.Cleveland.F. E. STEVENSSecretary Municipal Association Cleveland Ohio.Cincinnati.MAXB. MAYCincinnati Ohio.Pittsburg.EDWINZ. SMITHPittsburg Pa.New Orleans.JAMESJ. MCLOUGHLINNew Orleans La.Milwaukee.JOHNA. BUTLERChairman Executive Committee State Civil Service Reform Association Milwaukee Wis.Washington D. Nike Shop C.GEORGES. WILSONSecretary Board of Charities Washington D. C.Providence.SIDNEYA. SHERMANPH.D Providence R. I.Grand Rapids. DELOSF. WILCOXSecretary of the Civic Club Grand Rapids Nike Free Mich.Seattle.Professor J. ALLENSMITHUniversity of Washington Seattle Wash.Duluth.W. G. JOERNSDuluth Minn.CITY OF NEW YORKBYTHEEDITORFROMMATERIALFURNISHEDBYTHEDEPARTMENTOFFINANCE.Total Indebtedness.The total gross funded debt of the City of New York Greater City at January I was . The amount thereof held by the commissioners of the sinking fund for investment was leaving the net funded debt on said date . In addition North Face Outlet Store to the funded debt socalled there were revenue bonds issued in anticipation of the collection of taxes outstanding amounting to Proportion Used in ProfitBearing Enterprises.The amounts of the gross funded debt as above created for what are termed profitbearing enterprises such as water supply purposes docks and wharves and North Face Outlet rapid transit construction are as follows: For water purposes; for docks and wharves; for rapid transit constructionSinking Fund Provision.All funded debt created Nike Max Air by the city is payable from sinking funds created by raising annually by taxation installments which with accumulation of interest thereon will provide the amounts necessary for the redemption thereof.Amount of Sinking Fund.In addition Polo Outlet Online to investments in stocks and bonds for account of the The North Face Outlet sinking funds of the City of New York as shown above to wit there was on January cash belonging to the sinking funds amounting to .Effect of Constitutional Limitations on Indebtedness.Under the constitution of the State of Ralph Lauren Outlet Online New York municipalities are limited in incurring indebtedness to an Nike Free Run amount not exceedingper centum of the assessed valuation The North Face Outlet Store of its Nike Argentina taxable real estate. This limitation covers not alone its net funded indebtedness but also obligations incurred under contracts for public improvements etc as well as liability incurred by the city on account of acquisition of real estate for public purposes and judgments obtained against the municipality.Plans for Public Works Which Will Involve Increasing Indebtedness. The City of New York is committed to and has under consideration vast public improvements consisting of an extension of Polo Ralph Lauren Outlet its water supply system bridges over rivers and over tracks of railroads to abolish grade crossings extension of its subway rapid transit railroads extension of its park system larger school facilities enlargement of its fire and police departments libraries museums buildings and hospitals for Nike Max Air 90 its health charity and correction departments and the opening grading sewering and paving of streets throughout the city.Said commissioners shall in their annual estimates require for every sinking fund an appropriation sufficient with the accumulations of the sinking fund to meet at maturity Ralph Lauren Outlet