Amendment status not verified — confirm the current text below against the official source.
Limit of borrowing power.- Notwithstanding anything herein before contained the borrowing powers of the Corporation shall be limited so that the sums payable under this Act shall not at any time exceed together with the balances of all the outstanding loans and debts due by the Corporation in the whole, double the annual value of the lands and buildings in the City as defined in section 138.