The Huttig news., 1912-06-01
FOR AMENDMENT no. Is. AGAINST AMENDMENT NO. Is.

Be it Enacted by the People Of the State of Arkansas:
 That Section One of Article IS to the Constitution of the State of Arkansas be amended so as to reaI as follows:
 Article 16, Section I-Neither the State, nor any city. county. town, or ever loan it's credit for any purpose whatever; nor shall any county, city. town, or municipality ever issue any in- terest bearing evidences of indebtedness except such bonds as may be authorized by law to provide for and secure the rayment of the present existing in1ebt edness and the State shall never issue any interest bearing treasury warrants or scrip.
 Provided. that in cities of the first anu second class and in incorporated shown by the next preceding Federal census, by and with the consent Of a majority of the qualified electors withih the corporate limits thereof voting thereon at an election held for that pur- pose. negotiable coupon bonds for such cities. payable to order or bearer. in a sum and for the purpose. approved by such majority. at such election, mas be sSued:
 For the funding or refundfng of any existing debt of any city of the first or second class or such incorporated towns incurred prior to the adoption of this amendment; for the construction of public highways. streets. alleys and boulevards; for the purchase and equip ment of parks and playgrounds. either inside outside of the city limits; for the construction of drainage or sanitary sewers; for the purchase and construc- tion of city halls prisons. libraries, hos pitalS. fire stations and equipment Wia- ducts and bridges, and for any and all public buildings. structures, or grounds that may be required by said city for the proper and economical administra- tion of its government; and for the pur- chase. acGuirement or construction of waterworks. lighting plants and street railways: and for any other public inn proyement of a general nature for the use and benefit of said city. except to aid in the construction of railroads or enterprises operated by any private cor pora tior.
 No money raised for specific pur- pose shall be used for any other or dtf- ferent purpose
 Such bonds shall never be sold at less than par. and when issued by cities of the first class shall not bear a greater rate of interest than five 653o) per cent per aunum. and when issued by cities of the second class and by such incor- poratei towEs. shall not bear a greater rate of interest than six f6Se1 per cent Ter annum; and in order to provide for the payr0ent of such bonds and interest l special tax. not to exceed five (5) mills on the dollar. in addition to the rate of hy said city on the taxable property therein: provided, that bonds or evil aenees of indebte mess shall not be is- sued for an amount more than ten C0go) per cent of the assessel valuation of all real and personal property in the city or town proposing to issue same
 Said election shall be hel1 at such time as the city council may designate by ordinance. speeiticaily stating the purpose fer which the bonds are to be issued: and if for more than one purpose. provision shall be male for balloting Ol each serarate purpose; the sum total of the 'ss1e; the sates of maturity the e. of. and fixing the date of election so that 1t shall not occur earlier than sixty 601 days after the foption of said or dinance. Said election shall be hell at the same precinctsg and w'th jul tres anI clerks as other city elections are held and under the general election 'aws. eXcert as herein ZproNi led. Not ce Of mayor. shall he given by 1vert sements at least four (4b times in some ne S. paper puhHshe in sail ctty. and having a circulation therein. the last pupil a ton to be not less than thirtg tSO) Ia s prior to sail election. Only qualitiei electors In said city shall have the right to vote at said election.
 Said votes shall be canyassel by tss r,ayor and board of public affaifs Of said city. if there he 6 boarI Of publ affai IFS. If there be no boari Of public tho mayor and by three oualifie cleo tors of sail city who are owners Of property. who shall he selected hy the county judge of the coanty in which sal city or town is locatei. and the result of said election. when dee'are.l hy rayor and his associates. shall be c1n- elusive
 This amendment shall be in force irn- me'iately after it's "option. anl shall rot require legislative action tD put 1t into operation. It's adoption shall be comrlete when the Beard nf State Elec- ton Comm fssioners shalt have canVasse the returns and declareI it to have been adorted.
 All of the provisions os th's amen l. ment shal hn treated es nan 'atN~v
 Filed in the office of the Sec
 retary of State on the 2nd day
 of May. 1912
 Each eleetor may vote for or against the above amendment
 Witness my official signature,
 this 2Oth day of May tef'.
 EARL, w. uONGE1S
 Sacretary of State