The Dickinson press., 1889-08-24

Every such debt shall be authorized by
law for certain purposes to be detinitel
mentioned therein. and every such law
shall provide for levying an annual tax
sufficient to paythe interest semi-annually,
and the principal within thirty years from
tally appropriate the proceeds of such tax
to the payment of said principal and in
terest, aud such appropriation Shall not be
repealed nor the tax discontinued until
such debt, both principal and interest.silall
have been fully paid. Nndebt in excess of
the limit named shall hn incurred except
for the purpose of repelling invasion. sup
pressing insurrection, defending the state
in time of war. or to provide for public
defense in case of threatened hostilltieS,
but the issuing OF new bends to refund
existing indebtedness, shall not be con-
strued 10 be any part or portion of said
two hundred Thousand dollars.
SEC. 1873. The debt of any county. town.
ship, town. school district or any other DO
litical subdivision. shall never exceed five
o. percentum upon the assessed value of
the taxable property therein; provided,
that any incorporated city may, bv a two
thirds vote, increase such Indebtedness
three go per centum OH such assessed
value beyond said FIVE (5) per cent. limit.
city, county. township, school district or
any other political subdivision may incur,
the entire amount of existing indebtedness,
whether contracted prior or subsequent to
the adoption of this Constitution Shall be
included: provided, further, that II in
corporated city may become indebted In
any amount not exceeding four "A, per
centum on such assessed value without re-
gard to the existing Indebtedness of such
city. Tor the purpose of constructing
or purchasing water works for furnishing
Il supply OF water to the inhabitants of
such city. or for the purpose of constructing
sewers. and for no other purpose w!!a'-
The amount of Indebtedness permitted by
this Constitution. given by any city. coun-
ty; township. town, school district. or n
other political subdivision. shall be void.
SEC. ls4. Any city. county, township.town.
SC hco: district. or any other political
SUBDIVISION incurrins Indebtedness shall.
so doing. provide for the collection of an
annual tax sufficient to pay the interest
and also the principal thereof when due,
and all laws or ordinances providing for
the payment of the interest or principal of
any debt shall be irrepealable until such
debt be paid.
ty, city, township, town, school district or
any other political subdivision shall
donations to or in aid of any
individual, association or corporation, eX-
cept tor necessary support OF the poor, nor
subscribe to or become the owner of the
capital stock of any association or corpora
tioti. nor shall the state engage in IL
work of Internal improvement unless
authorized by Il two.thirds vote of the peo-
pie.
SEC. 1856. No money shall be paid out of
the state treasury except upon %appropria.
ton by law and on warrant drawn by the
proper officer and no bills. claims. accounts
or demands against The state. or any c0un-
ty or other political subdivision. shall be
audited, allowed or paid until a full itemized
statement in writing shall be filed with
the officer or officers, whose duty it may
be tn audit the same.
SEC. 1871. No bond or evidence of i'll
debtedness of the state shall b. valid un-
less the SAME shall have Endorsed thereon
a certificate, signed by the Auditor and
Secretary of state that the bond
or evidence of debt is issued pursuant
to law and is within the debt limit. No bond
or evidence of debt of any county. or bond
of any township or other political subdivi-
sion shall be valid unless the same have
endorsed thereon a certificate signed
by the county auditor, or other officer
authorized by law to sign such certificate,
stating that said bond, or evidence OF debt.
is issued pursuant to law and is within the
debt limit.