Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1878-08-16

dence of debt whatever shall be issued
by them, except in accordance with the
provisions of such law.
SEC. l3. No city or town shall con.
tract any debt, by loan in any form. ex-
cept by means of an ordinance which
shall be irrcpeaable until the indebted
ness therein provided for shall have
been fully paid o. discharged specify.
ing the purposes TO which the funds to
be raised shall be applied, and pr,via
ing for the levy ofa tax not exceeding
twelve ,nills on each dollar OF valuation
of taxable property within such city tr
t"wn--sufhrient TO pay the annual in.
terest. and extlnsuish the principal of
such debt within fifteen years. bur not
less than ten years. from the creation
thereof; aud such tax, when collected.
shall be applied only to the purposes in
such ordinance specified, until the in
dcb'edncss be paid or di charged. But
no such debt shall be created unless the
question Of incurring ho same shall, at
. u regular election for cnunciluen, alder
men or officers Of such city or ,uwn. be
submitted to n vote OF such qualified
elrcfors AS shall, in the year mex, pre-
; csdlng, have paid property tax therein;
and IL majority of those voting on the
, question. by ballot deposited in sepa
t rate box, shall vote in favor of creating
such debts; hut the aggregate amount,
/ ut debt so created, together with the
debt existing at he time of such elec.
; ton, Shall not, at any time. exceed three
, per cent. .! tie last valuation Of proper
'y npon which said tax was paid.
SIC. II. Nnthing contained in this
: article shall either iipair or add to the
obligation of any debt heretofore con
p trsc'ed 10y the Territory of Washington
T. or by any county, city, town or school
G district within the State, in accordance
!. with law.
SIC. Is. The State Treasurer shall
= keep separate account Of each fund in
his hands. aud shall at he end of every
: quarter of the fiscal year. report to the
! Governor. IN writing under oath. the
amount of all moneys in his hands to the
u credit Of every such fund. and the place
= where the same are deposited, and the
i number aud amoant of every warrant
!. received, and the number and amount OF
i every warrant paid therefrom. during
f The quarter. The Governor shall cause
every such report to be immediately
Y published in at least one newspaper
), printed at the seat of government. Thc
I |, II q
r may at any subsequent one. provide by
r law regulations for The safe keeping al
V the pu' funds, and for bonds. to be
C given by the Treasurer, with sureties.
It SEC. l6 The making of profit. di
o rectly or indirectly. tut Of the State
v county. city, town or school listric,
b money, or using the same for any pur
, pose not authorized by law. for any pub.
ne officer, or any other person. shall be
n deemed IA felony, and shall be punished
r as provided hv law.
# SEC. II. Private provcrty shall no,
r be taken or sold for the payment of the
g corporate debt of municipal corporations
# SEC Is. There shall be a State
n Board OF Eq"aization. consisting of the
e Secretary OF State, State Treasurer and
i Superintendent of Pablic Instruction
c whose duty it shall be to adjust and
: equalize the valuation Of real and per
Y snnal property among the several coin
ties. Also, in each county. a Board OF
' Equalization, consisting Of the Board OF
It County Commissioners, whose duty il
h shall be to adjust and eqnalize the valu
# alton real aud personal property with
r. in Their respective counties. Each
. Board sh.l also perform such othe,
/. duties as may be prescribed by law
: proutd'd, that the Legislature may pre-
e scribe the rule by which such equaliza
tion shall be cnntrplle1. aud may revise
J. or amend the same when they may deeu
@ it necessary.
|. SEC. X. The State shall not assume
|, the debt, or any part thereof, of an,
'e county. municipal corps ration. or per.
II sun. unless cuch debt shall have beer
!, contracted Ia repel invasion. suppress in
V 'urrec,ion or to assist the State in the
ID Il scharse of any portion OF its indebted
v ness.
,, SEC. 20. The Legislature may Dor
: raw money or contract debts, to repe
h invasion. suppress insurrection. or de
a fend the State in time of war: but tn,
ST money thus raised shall b, applied ex
N clusively /" the object for which rh'
'; loan was authorized. or TO the repay
!. ment ofthe debt thereby created.
Of SEC. 2l. The State shall never con
h tract any det. for work of internal i'm
'r prnvement, or be Il party in carrying o
il he same. Blu. whenever grants OF Ian,
Dt or other property shall have been mad
to the State. for particular works of in
,r ternal Improvement. the State may carr
BIT on such works, and shall devote theret
v; the proceeds of such grants, and mn
l. appropriate the revenues derived fror