OPINION BY MR. JUSTICE ROBERTS, June 27, 1969:
On February 17, 1969, the City of Philadelphia petitioned the common pleas court to exclude from the calculation of the city's indebtedness certain bonds which it planned to issue in the amount of $87,330,000 to finance the construction of extensions to the Broad-Ridge-Locust Subway System.
This action was taken under the authority of Article IX, § 12 of the Pennsylvania Constitution which provides in relevant...
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