Sentence Examples


  • That instrument further prohibits each county, city, town and village from lending its credit and from creating an indebtedness in excess of 10% of the assessed valuation of its real estate.
  • The indebtedness of a county, municipality or school district is limited to 5% of the value of its taxable property.
  • The bulk of this indebtedness has been contracted for the purpose of constructing railways, tramways, water-supplies, and other revenue-producing works and services, and it is estimated that only 8% of the total indebtedness can be set down for unproductive services.
  • The Italian local authorities, communes and provinces alike, have considerably increased their indebtedness since 1882, The ratio of communal and provincial debt per inhabitant has grown from 30.79 lire (~1, 4s.
  • At the same time the chief lines of railway which had been built by public companies with a state guarantee, and which represented a loss to the empire of £3,171,250 per annum, as well as a growing indebtedness, were bought by the state.