Hillman Coal & Coke Co. v. Jenner Township

Opinion by

Me. Justice Sadlee,

Jenner Township, in Somerset County, is of the second class, as defined by the Code of 1917. To permanently improve its roads, in 1926, it borrowed the sum of $30,000, secured by bonds payable in ten years, and, as provided by the Act of April 20, 1874, P. L. 65, supplemented by later legislation, filed a financial statement in the court of quarter sessions. At the same time the municipal authorities levied an annual tax of one and one-half mills to pay the interest and provide a sinking fund sufficient to retire the debt at maturity, — action required by article…