The Harrison times., 1912-06-22
FOR AMENDMENT NO. Is.
AGAINST AMENDMENT NO. Is.

Be it Enacted by the People Of the
State of Arkansas:
That Section one Of Article 16 TO the
Constitution of the State of Arkansas
be amended so as to read as follows:
Article 16, Section Neither the
State, nor any city, county, town, or
other municipality in this State shall
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
payment OF the present existing indebt-
edness, and the State shall never issue
any interest bearing treasury warrants
or scrip
Provided, that in cities OF the first
and second class and in Incorporated
towns of 1000 or more population, as
shown by the next preceding Federal
census, by and with the consent of
majority of the qualified electors within
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, may be
issued
For the funding or refundlng OF any
existing debt Of any city of the first or
second class or such Incorporated towns
amendment; for the construction OF
public highways, streets, alleys and
boulevards; for the purchase and equip
ment of parks and Fairgrounds. either
inside or outside of the city limits; for
the construction of drainage or sanitary
sewers for the purchase and construc-
ton Of city halls, prisons, Libraries, hos
pitals, 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 for
the proper and economical administra-
tion Of its government; and for the pur-
chase, requirement or construction Of
watcrworks, lighting plants and street
railways; and for any other public inn
provement 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
poration,
No money raised for specific pur-
pose shall be used for any other or diff
ferent purpose
Such bonds shall never be sold at less
than par, and when issued by cities or
the first class shall not bear q greater
rate of interest than five (59o) per cent
per annum, and when issued by cities
OF the second class and by such incor-
porated towns, shall not bear a greater
rate OF interest than six (6%) per cent
per annum; and In order TO provide for
the payment OF such bonds and interest
a special tax, not to exceed fivo (b) mills
on the dollar, In addition to the rate OF
taxation now authorized may be levied
by said city on the taxable property
therein; provided, that bonds or cyl
dences OF indebtedness shall not be Is
sued for an amount more than ten (lO9ol
per. cent OF tho assessed valuation or oil
real and personal property In tho city
or town proposing TO Issue same,
Said election shall be held at such
time AZ the city council may designate
by ordinance, specifically stating tho
purpose for which the bonds are to DO
issued, and II for more than one purpose.
provision shall be made for balloting on
each separate purpose; the sum total
OF the issue the dates OF maturity there
OF, and fixing the date OF election no
that II shall not occur earlier than sixty
600 days after the adoption of said or
dlnance said election shall be held az
the, same precincts, and with judges
and clerks as other city elections arc
hold, and under the general election laws,
except Ms herein provided Notice or
such election, under the hand of tho
mayor shall be given by advertisements
0t least four (D times In some news
paper published IN said city and having
n circulation therein, the last publlcn-
tlon TO be not less than thirty (30) days
prior 20 said election only qualified
electors IN said city shall have tho right
10 vote at said election,
Said votes shall be oanyasscd by tho
mayor and board OF public affairs OF
said city If there bo a board OF public
affairs If there be no board OF public
affairs the canvass shall be mado by
the mayor and by three qualified oleo-
tors of said city who nre owners or
property who shall he selected by the
county Judge OF the county In which said
city or town IL looatedi and the result
of said election, when declared by tho
mayor and his associates, shall be con-
elusive
This amendment shall bs In force im-
mcdiatoly after It's adoption, ANA shall
not require legislative action to put II
into operation It's adoption shall bo
complete when the Board of State lGloes
ton Commissioners shall have eanVaaaed
tho returns and declared lt to have been
adopted,
An OF the proyialons OF this amend-
ment shall be treated hH mandatory,
Filled IN the office OF the Seo-
retnry OF state ON tho End day
Of May 1912,
Each oloCtor may vote for or against
tho above amendment
witness my official signature,
this goth day OF May, 1912,
EARLE w HODGES,
Secretary OF Stats,
tgenl