Sharp County record., 1912-05-31
FOE AMENDMENT Eo I5-
AGATEsT AMENDMENT 10 Is,

be 1T E-.ct=5 by the People of The
state VI SausaE-
TFzr Section one Of Article Is 70 the
Cor urrtrsrlru u the State ot Arkansas
BE- amended so as 10 read as follows;
a~-r-ta -s Section Neither the
Srsfa nor aGv city. county -DNus %
Other Immortality tn this State snail
vgfpatev4-- nor shall any county. city,
tOwr 5~ municipality ever issue any IN
terpEr bearing evidences Jf Indebtedness.
eTceut such bonds a. NAV 5e auEnoglzed
by Iaw TO provide for and secure me
rsg-v4e~. " the present existing lndeDt-
-dr4gg. and the State shall never issue
any interest bearing treasury warrants
or scrip.
Provided. that tu cities of the first
and second class and in incorporated
towns NJ ll11 or more population, as
shown -y The next preceding Fedora.
census Jy and with the consent or
majority gf sse qualified electors within
the r1rU1rats limits thereof. voting
thereon 4r an election held for that pur-
pose rozor.aoie coupon bonds FOR such
cities r4vahle % order or bearer. !l
sum and FOR the purpose approved by
such majority, az such election, may De
issued
For the funding or r@fuudlug u any
existing debt Of any city 81 the FIRST OT
second class Or such Incorporated towns
amendment. for the construction Ot
public highways streets alleys and
bOulavarts- for the purchase and equip
ment NJ parks and Fairgrounds either
inside or outside Of the city limits; LOr
the construction Of drainage or sanitary
sewers. for the purchase and construc-
tlon NJ city halls. prisons Libraries. nos.
pitfalls fire stations and equipment via
ducts and bridges. and FOR any and all
public buildings. structures. or grounds
that may be required by said city rot
the proper and economical administra-
ti0u VI .rg government, and fOr the pur-
chase srGuirsment or construction OF
wate~wGrks lighting plants and street
railway. and for any other public IN
provaraut ~ a general nature for the
use and benefit Jf said city. except %
aid .u the construction OF railroads or
enterprises operated by any private cor
pOratt1u.
No money raised for a specific pur.
pose shall be- used for any other or dIr-
fersrt purpose.
surH bonds shall never be sold at less
than par and when issued by cities OF
the first class shall not bear 4 greater
rate NJ interest than five fjesJ per cent
per auuIm, and when issued BY cities
Of tho second class and by SUCH inc0r-
DOra Tod towns shall not bear a create
rate NJ interest than six IjcsJ per cent
FER TiUm; and .u order % provide Tor
the payment or such bonds and interest
a special tax, not % exceed five f5j mills
on tho dollar In addition % the rate of
taxation now authorized. may be levied
by said city on the taxable property
therein. provided, that bonds or evil
dences gf indebtedness shall not be is-
sued FOR an amount more than ten il0eel
per cont Of the assessed valuation Of all
real and personal property ia the city
or town proposing % issue same
Said election shall be held at such
time az the city council may designate
hv ordinance. specifically stating the
purpose fOr which the bonds are 20 be
issued and 2 for more than one purpose,
provision shall be made for halloting on
each separate purpose the sum total
OF the issue The dates u maturity there.
~. and fixing the date OF election 80
that II shall not occur earlier than sixty
500 dava after the adoption of said or
dinance said election shall be held az
the Same precincts and with Judges
and clerks Hg other city elections are
held. and under the general election laws,
except aa herein provided. Notice or
such election under the hand or the
mayor shall be given by advertisements
M least four 80 times lu some news
paper published In said city and having
"a circulation therein. the last publica-
lion 20 be not less than thirty 800 days
prior 10 said election. only qualified
electors In said city shall have the right
10 vote az said election
Said votes shall be canyassed by the
mayor and board of public affairs or
said city, II there be a board Of public
affairs n there be no board Of public
affairs. the canvass shall be made by
the mayor and by three qualified cleo.
tors of said city who are owners or
property who shall be selected by the
county Judge of the county IN which said
city or town is located and the result
" snid election when declared by the
mayor and his associates, shall be con-
elusive
This amendment shall be IN force i'm.
mediately after It's adoption. and shall
not redure legislative action 20 put N
into operation III adoption shall be
complete when the Board Of State Elec-
tion Commissioners shall have canvassed
tho returns and declared 10 20 have been
adopted
All Of tho provisions Of this amend
ment shall be treated as mandatory
Filed In the office OF the Sec
rotary of State on the 2ud day
Of May, 1919
Each eleot0r may vote for or against
Tho above amendment
Witness my official signature,
this goth day OF May 1912
"a HF