The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-04-30
OKLAHOMA CONSTITUTION.
Continued from Fourth Page)


treasurer, secretary of state, attorney
general, state Inspector and examiner
and president If the board OF agricul.
ture. The duty OF said board shall be
to adjust and equalize the valuation
OF real and personal property among
the several counties In the state and
1t shall perform such other duties as
may be prescribed by law, and they
shall assess all railroad and public
service corporation property.
Sec. 22. Nothing in this constitu.
tion shall be held. OF construed. to
prevent the classification OF prop-
erty for purposes of taxation; and
the valuation OF different classes by
different means or methods.
PUBLIC INDEBTEDNESS.
Sec. 23. The state may. TO meet
casual deficits or failure in revenue.
or for expenses not provided for con
tract debts, but such debts. direct and
contingent, singly or in the aggregate.
shall not, at any time. exceed four
hundred thousand dollars, and the
moneys arising from the loans Great.
ing such debts shall be applied to
the purpose for which they were oh.
tanned or to repay the debts so con
tracted. and to no other purpose
whatever.
Soc. "a. In addition to the above
limited power to contract debts, the
state may contract debts to repel in
vasion, suppress insurrection, or TO
defend the state in war; but the
money arising from the contracting
OF such debts shall be applied to the
purpose for which H. was raised or to
repay such debt, and to no other pur-
pose whatever.
Sec. 25 Except the debts specified
in sections twenty-three and twenty
four OF this article, no debts shall be
hereafter contracted by or on behalf
OF this state, unless such debt shall
be authorized by law, for some work
Or object, to be distinctly specified
therein; and such law shall impose
and provide for the collection OF a
direct annual tax to pay, and suf-
ficient to pay the interest on such
debt as It falls due and also to pay
and discharge the principal OF such
debt within twenty-five years from
the time OF the contracting thereof
No such law shall take effect until II
shall. at a general election, have been
submitted to the people and have re-
ceived majority of all the votes cast
at such election. On the final passage
of such bill In either house OF the
legislature, the question shall be tax
en- by yeas and nays, to be duly enter
ed on the journals thereof, and snail
be; shall this bill pass and ought
the same to receive the sanction OF
tho people,
Sec 26. No county, city, town, town
shin. school district, or other political
corporation or subdivision oil he
.tate shall be allowed to become In
debted in any manner or for any pur-
pose. to an amount exceeding In any
wear. the income and revenue proViu'
ed for such year, without the consent
|, q, three ffths of the voters thereof
voting at an election TO be helu lor
that purpose, nor in cases requ'r'hs
s,,ob assent shall any Indebtedness
ho allowed 10 be incurred to an
amount including existing lndepleu'
ross IN the aggregate exceeding ilNe
no. centum Of the valuation OF the
.ti,, nronerty therein, to be ascer'
toirod from the last assessment lo'
state and county purposes previous ~
49, ,ncurring of such indebtedness
provided, That any county city 'o"n
township. school district or other po
l,tical corporation or SUBDIVISION VI
49, .,oto incurring any indebtedness
reouiring the assent OF the voters az
aforesaid. shall, before or AT the '''h'
=, doing so. provide for the collecl'oi
81 an annual tax sufficient to pay th'
interest on such Indebtedness as i
,ons due. ard also to constitute
sinl.inr fund for the payment Oh INV
principal thereof within '"en'Y,.io, .,',,
years from the time OF oon'ra'''''
same. .,,,, ~
town in this state may by maloI,s. ,.s.
~, tho onalified property tax payin'
voters Of such city or town. voting d
an election to be held for that pu'
rosc be allowed to become indep,e'
e. a larger amount than that specine'
,n soction twenty-six for that pu
pose of purchasing or co"Su"I.'n a,,',
public utilities, or for the rep",' ,,'.a, ~