Section 12585 - Notice of election; certificate of controller in certain casesAfter the passage of any such ordinance, the council shall give notice of the election to be held for the purpose of obtaining the consent of the electors, by advertisement once a week for three weeks in each of three daily newspapers having a bona fide circulation in such city of at least thirty thousand copies per issue, and in the legal journal designated by the rules of court for the publication of legal notices and advertisements. The said notice or advertisement shall contain a summary of the provisions of each section of the ordinance authorizing the new debt to be incurred or the increase of indebtedness, or the assumption or funding of indebtedness theretofore incurred without electoral consent for which the consent of the electors is sought, and only in the case of an ordinance authorizing an incurrence or an increase of indebtedness shall such notice also set forth a certificate of the city controller showing:
(a) The aggregate amount of the average of the annual assessed valuations of the taxable realty within the city during the ten years immediately preceding the year in which the increase is to be made.(b) The amount of the existing indebtedness.(c) The amount of the deductions therefrom allowed by law.(d) The amount of the existing indebtedness less the deductions therefrom allowed by law, and the percentage which such net amount represents of the average of the annual assessed valuations of the taxable realty within the city during the ten years immediately preceding the year in which such increase is to be made.(e) The amount of the proposed new debt or increase of indebtedness and the percentage which such amount represents of the average of the annual assessed valuations of the taxable realty within the city during the ten years immediately preceding the year in which such increase is to be made.(f) The amount of the existing indebtedness, plus the proposed new debt or increase of indebtedness, less the deductions therefrom allowed by law, and the percentage which such amount represents of the average of the annual assessed valuations of the taxable realty within the city during the ten years immediately preceding the year in which such increase is to be made; and(g) The amount of indebtedness, less the deductions therefrom allowed by law, which the city may lawfully have outstanding, and the percentage which such net amount represents of the average of the annual assessed valuations of the taxable realty within the city during the ten years immediately preceding the year in which such increase is to be made.1919, June 25, P.L. 581, art. XVIII, § 5. Amended 1955, June 23, P.L. 192, No. 56, § 2.