, 1890-08-22
ABOUT PUBLIC DEBT.
The Constitutional Limitations
Placed in this Direction.
No Obligation in Excess of Taxes
for the Current Year.
Exceptions Made in Favor Of Mater
and Sewerage Systems.

The state of Wyoming shall not, in any
manner, create any Indebtedness exceed
ing one per centum on the assessed value
OF the taxable property in the state, as
shown by the last general assessment for
taxation, preceding; except to suppress
instruction or to provide for the pixie
defense.
No debt in excess OF the taxes for the
current year, shall in any manner be
created in the state Of Wyoming. unless
the proposition to create such debt shall
have been submitted to a vote of the peo-
pie and by them approved; except to sup
press insurrection or to provide for the
public defense.
No county in the state of Wyoming
shall in any manner create any indebted
ness, excepting two per ceptum on the
assessed value OF taxable property in such
county, as shown by the last general
assessment, preceding; provided. how
ever, that any county, city. town, village
or other subdivision thereof in the state
Of Wyoming. may bond its public debt
existing at the time of the adoption Of
this constitution, in any SUN not exceed
ing four per centum on the assessed value
of the taxable property in such county,
city, town, village OF other subdivision, as
shown by the last general assessment for
taxation.
Nc debt in excess of the taxes for the
current year shall, in any manner, be
created by any county or subdivision
thereof, or any city, town or village, OF
any subdivision thereof in the state Of
Wyoming, unless the proposition to create
such debt hal have been submitted to a
vote of the people thereof and by them
approved.
No city, town or village. or any subdi-
vision thereof. or any subdivision of any
county of the state Of Wyoming, shall. in
anv name create any Indebtedness ex-
ceeding two per centum OF the assessed
value Of the taxable property therein:
provided, however, that any city, town or
village may be authorized to create an
additional Indebtedness not exceeding four
per cntum on the assessed value OF the
taxable property therein as shown by the
last proceeding general assessment, for the
purpose Of building sewerage therein,
debts contracted for supplying water to
such city or town, are excepted from the
operation of this section.
Neither the state nor any county, city,
township. town, school district, or any
other political subdivision. shall loan or
give its credit or make donations to or in
aid of any individual, association or cor
poration, except for the necessary support
Of the poor, nor subscribe to or become
the owner of the capital stock of any as
ISOLATION or corporation. The state shall
not engage In any work of internal i'm
provement unless authorized by a two
thirds vote of the people.
No money shall be paid out Of the
state treasury except upon appropriation
by law and on warrant drawn BY the
proper officer, and no bills, claims, ac-
counts, or demands against a state. coun-
ty. or political subdivision shall be au-
dited. allowed or paid until a full item
lied statement in writing, verified BY aft
dayit, shall be filed with the officer or
officers whose duty it may be to audit the
same.
No bond or evidence of Indebtedness of
tho otata ehall ha valid unIaoa ,ba a-o