Article VIII.

Section 10-a. Debts of new york city for rapid transit railroads

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Debts of new york city for rapid transit railroads

Summary:

Election Date: November 8, 1938

Votes For Ratification: 1521036

Votes Against Ratification: 1301797

Percent for Ratification: 54%

Percent Against Ratification: 46%

Notes:

Amendment Source: 1938 Const Conven Amendment No 1

Effective Date Source:

Debts of new york city for rapid transit railroads

Notwithstanding any of the limitations prescribed by the preceding section, debts may be incurred by the city of New York after January first, nineteen hundred and twenty-eight, for the construction or equipment, or both, of new rapid transit railroads not exceeding the sum of three hundred million dollars, and such debts shall not be included in computing the debt limit of such city for the purpose of ascertaining the power of such city to become otherwise indebted.

Summary: NEW SECTION. Allows debts for rapid transit railroads in New York City.

Election Date: November 8, 1927

Votes For Ratification: 961632

Votes Against Ratification: 799867

Percent for Ratification: 55%

Percent Against Ratification: 45%

Notes:

Amendment Source: 1927 C R Amendment No 2

Effective Date Source: