The Bottineau pioneer., 1889-08-29

Every such debt shall be authorized BY
law for certain purposes to be definisei
mentioned therein, and every such law
shall provide for levying an annual tax
sufficient to paythe interest semi-annuaily,
and the principal within thirty years from
the passage Of such law, and shall spec
tally appropriate the proceeds of sucn I. TAX g
terest. and such appropriation shall not be
repealed nor the tax discontinued until
such debt, both principal and interest, shall
have been fully paid. NOdebt in excess OF
the limit named shall be 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 hostilltles,
but the issuing of new bonds to refund
existing indebtedness, shall not be con-
strued to be any part or portion Of said
two hundred Thousand dollars.
X SRC. 1888. The debt Of any county, town
ship, town, school district or any other pO-
litical subdivision. shall never exceed five
(5l percentum upon the assessed value OF
the taxable property therein; provided,
that any incorporated city may, by a two
thirds vote, increase such indebtedness
three (S) per centum on such assessed
In estimating the Indebtedness which .
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 any in
corpOrated city may become indebted In
any amount not exceeding four % per
centum on such assessed value without re-
gard to the existing indebtedness OF such
city, for the purpose Of constructing
or purchasing water works for furnishing
supply of water to the inhabitants OF
such city, or for the purpose OF constructing
sewers, and for no other purpose what
ever. All bonds or obligations in excess of
the amount of Indebtedness permitted by
this Constitution, given by any city, coun-
other political subdivision, shall be void.
SEC. 1884, Any, city. county, township, town,
sclCol district "a or any other political
subdivision incurring indebtedness shall,
at or before the /, time of
so doing, provide for the collection of an
annual tax sufficient to pay the interest
and also the principal thereof when due,
the payment of the interest or principal Of
any debt shall be irrepealable until such
debt be paid. .,,. -.l1. ,.z al.
ty, city. township, town, school district or
any other political subdivision shall
loan or give It's credit or make
donations to or in aid Of any
individual. association or corporation, ex-
cept for necessary support OF the poor, nor
subscribe to or become the owner Of the
capital stock of any association or corpora
tion, nor shall the state engage in any
work of internal Improvement unless
authorized by a two-thirds vote of the peo-
pie. .,..-.i .,s-s, ...9...
SEC. 1856. No money shall be paid out of
the state treasury except upon appropria.
tiOn by law and on warrant drawn by the
proper officer and no bills, claims, accounts
or demands against the state, or any coun-
ty or other political subdivision. shall be
audited, SLOWED or paid until full itemized
statement in writing shall be filed with
the officer or officers, whose duty it may
be to audit the same. @'..l ...s :
SEC. 1877. No bond or evidence of in,
debtedness Of the state shall be valid un-
less the same shall have indorsed thereon
q 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 q 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. .,.s.