Section 27

Section 27. That from and after the passage of this act, it shall not be lawful for the commissioners of the district of Southwark, or the commissioners of the township of Moyamensing, to borrow on loan for a greater period than ninety days, any sum or sums of money exceeding in amount the one-fifth part of the taxes levied in any one year, in the said district or township, without first obtaining the sanction and consent of the Legislature of this Commonwealth, for authority to contract such loan. And the said sum or sums of money which it may be lawful for them to borrow, without the consent of the Legislature, shall not be borrowed for a period more than ninety days, and shall not exceed in amount the one-fifth part of the taxes aforesaid.