Pennsylvania Act 1931-320 — VALIDATING CERTAIN OBLIGATIONS OF TOWNSHIPS

Act text

VALIDATING CERTAIN OBLIGATIONS OF TOWNSHIPS
                 Act of Jun. 23, 1931, P.L. 1181, No. 320             Cl. 73
                                  AN ACT

     To validate certain obligations of townships of the second class
        issued for money borrowed or for work done or materials
        furnished.

        Section 1.  Obligations issued for money borrowed, etc.;
     validation
        All notes, certificates of indebtedness, and other
     obligations of townships of the second class issued for money
     borrowed or for work done or materials furnished, where the
     money was actually loaned or the work done or materials
     furnished, be and hereby they are ratified, confirmed, and
     validated, notwithstanding that, at the time of the issue
     thereof, no tax was levied for the payment of the principal and
     interest, and that no statement was filed in the court of
     quarter sessions prior to the issue thereof: Provided, however,
     That in any suit or action on such notes, certificates, or
     obligations, the township may defend as to the amount of money
     loaned or as to the value of the work done or materials
     furnished, whether such certificates be held by the original
     holder or an assignee or transferee. 1931, June 23, P.L. 1181,
     No. 320, Sec. 1.
        Section 2.  When act shall not apply
        This act shall not apply to or validate any indebtedness of
     any township, or to any note, certificate, or other obligation,
     which violates any restriction imposed by any provision of the
     Constitution of this Commonwealth, neither shall it apply to or
     validate any indebtedness which shall have been declared invalid
     by the final judgment of any court of competent jurisdiction in
     a suit or action to which the holders of any such note,
     certificate, or other obligation were parties. 1931, June 23,
     P.L. 1181, No. 320, Sec. 2.