Municipal Bankruptcy Compositions: Hearing Before Subcommittee on Bankruptcy and Reorganization, Committee on the Judiciary, House of Representatives, Seventy-fifty Congress, First Session, on H.R. 2505 [and Other Bills] to Amend an Act Entitled "An Act to Establish a Uniform System of Bankruptcy Throughout the United States", Approved July 1, 1898, and Acts Amendatory Thereof and Supplementary Thereto

U.S. Government Printing Office, 1937 - 149 σελίδες

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Σελίδα 29 - Not only, therefore, can there be no loss of separate and independent autonomy to the States, through their union under the Constitution, but it may be not unreasonably said that the preservation of the States, and the maintenance of their governments, are as much within the design and care of the Constitution as the preservation of the Union and the maintenance of the National government. The Constitution, in all its provisions, looks to an indestructible Union, composed of indestructible States.
Σελίδα 30 - ... the means and instrumentalities employed for carrying on the operations of their governments for preserving their existence, and fulfilling the high and responsible duties assigned to them in the Constitution, should be left free and unimpaired; should not be liable to be crippled, much less defeated by the taxing power of another government, which power acknowledges no limits but the will of the legislative body imposing the tax.
Σελίδα 30 - Such being the separate and independent condition of the States in our complex system, as recognized by the Constitution, and the existence of which is so indispensable, that, without them, the general government itself would disappear from the family of nations...
Σελίδα 65 - ... provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof within twenty years from the time of contracting the same.
Σελίδα 42 - If any provision of this chapter or the application thereof to any person or circumstance is held invalid, the remainder of the chapter and the application of such provision to other persons not similarly situated or to other circumstances shall not be affected thereby.
Σελίδα 18 - ... have accepted the plan to withdraw his acceptance, within a period to be fixed by the judge and after such notice as the judge may direct...
Σελίδα 28 - ... (b) A plan of reorganization within the meaning of this section (1) shall include provisions modifying or altering the rights of creditors generally, or of any class of them, secured or unsecured, either through the issuance of new securities of any character or otherwise...
Σελίδα 29 - And we have already had occasion to remark at this term, that " the people of each state compose a state, having its own government, and endowed with all the functions essential to separate and independent existence," and that "without the states in union, there could be no such political body as the United States.
Σελίδα 7 - Be it enacted by the Senate and House of Representatives of the United Mates of America in Congress assembled, That the Act of July 1, 1898, entitled ''An Act to establish a uniform system of bankruptcy throughout the United States...
Σελίδα 29 - Nothing contained in this chapter shall be construed to limit or impair the power of any State to control, by legislation or otherwise, any municipality or any political subdivision of or in such State in the exercise of its political or governmental powers, including expenditures therefor...

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