The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1884-02-08
THE CONSTITUTION.


The following articles are not subject to
any further amendment, except by unani'
nous consent, but will be rejected or adopted
finally on third reading, subject only TO cor
rection of phraseology and adjustment:
RELATIVE TO PUBLIC INDEBTEDNESS.
SECTION /. Neither the State, nor any
county, city, town, township or school dis
trict shall lend or pledge the credit or faith
thereof, directly or indirectly, in any manner
to or in aid of any person, company or cor
poration, public or private, for any amount
or for any purpose whatever, or become re-
sponsible for any debt, contract, or liability
of any person, company or corporation, pub
lie or private, in or out of the State.
Sec. 2 Neither the State, nor any county,
city, town, township, or school district, shall
become a subscriber to, by subsidy or other
wise, or a shareholder in any corporation or
company, or joint owner with any person,
company or corporation, public or private,
In or out q the state, except as to SUCH own
ershIp As may accrue to the State, or to any
county, city, town, township or school dis
trict, to either or any of them, jointly
with any person, company or corporation by
forfeiture or sale of real estate for non-pay
ment of taxes or by donation or devise for
public use, or by purchase by or on behalf Of
any or either of them Jointly with any or
either OF them under execution in cases Of
fines, penalties or forfeiture of recognizances,
breach Of condition of official bonds, or of
bond to secure public monies, or the per-
Torrance of any contract in which they or
any of them may be Jointly or severally in
terested.
SEC. 3. The Legislative Assembly shall not
in any manner create any debt or debts, lIa-
bility or liabilities which shall slngly or in
the aggregate with any previous debt or LA
bility exceed the the sum Of One Hundred
ThnI MT IL a,f
war, to repel invasion or suppress insurrec-
ton, unless the same shall be authorized by
law, for some single object or work, to bei
distinctly specified therein, which law shall
provide ways and means exclusive of loans,
for the payment of the interest of such debt
or liability as 1t falls due, and also to pay and
discharge the principal of such debt or liza
5ility within Twenty COY years of the time
of contracting thereof, and shall be irrepeal-
able until such time as the principal and in
but no such law shall take effect until at q
general election IL shall have been submitted
to the people and shall have received ma
.jority of the votes cast for and against it at
such election, and all monies raised by au-
thority of such law shall be applied only to
the specific object therein stated, or to the
payment of the debt thereby created, and
such law shall be published in at least one ~
newspaper in each county, If one be pub
lished therein, throughout the State for three
90 months next preceding the election in
which 1t is submitted to the people. The
Legislative Assembly may at any time after
the approval of such law by the people, if
no debt shall have been contracted in pursu-
ance thereof, repeal the same.
SEC. 4. No county shall be allowed to be-
come indebted in any manner, or for any
purpose, to an amount, including existing
indie btedness, in the aggregate exceeding
five per cent. on the value of the taxable
property therein, to be ascertained by the
last assessment for State and county taxes,
previous to the mourning of such indebted
ness, and no county shall incur any indebt-
edness OF liability for any single purpose to
an amount exceeding $4,000, without the as
sent of the majority of the voters thereof,
voting at an election to be held for that pur-
pose.
SEC. 3. No city, town, township or school
district shall be allowed to become indebted
in any manner, or for any purpose, to
an amount, including existing Indebtedness,
in the aggregate exceeding three (3 per
centum on the value of the taxable property
to be ascertained by the last assess
ment for State and county taxes previous to
the mourning Of such Indebtedness.