Butcher v. City of Philadelphia

Gordon, Jr., P. J.,

This is a bill in equity by a taxpayer to restrain the issuance by the City of Philadelphia of ten-year bonds to the amount of $1,500,000 in order to fund a like amount of outstanding judgment, or “mandamus”, obligations arising out of capital expenditures by the city, which were incurred after it had exhausted its constitutional borrowing capacity. The facts are undisputed, and the case is before us on argument upon bill and answer.

Prior to the recent sale of future revenue of the gas works, the city had an accrued floating indebtedness of upwards of $39,000,000, included…