The Parker post., 1914-08-15

II
tive measure proposing a constitu-
tional amendment providing for the
creation of bonded indebtedness on
behalf of the state of Arizona for
the purpose of reclaiming the arid,
semi-arid and other lands within the
state.
This measure will be submitted to
the voters of the state at the No
vember election, and if it becomes
law, the Parker project is assured of
being properly financed.
At various times officials of the
interior department have signified
their willingness to approve bill
providing for the opening OF the Col
orado River Indian reservation lands
if they could be shown that the pro-
ject could be properly financed and
constructed.
Ii the state OF Arizona would un-
ject it has been said at Washington
that all objections toward opening
the lands would disappear. Under ex-
listing law some irritation project
must be provided for the reclama-
ton of all irrigable land on the res
ervation, and the other day Assistant
Secretary Jones finally decided not
to approve the present Carey Act
bill now pending for the opening of
those lands for the reason that bonds
under this act could not be sold at
this time, and if they could the high
rate of interest and profit accruing
to the promoters would be unjust
to the settlers.
Therefore, Parker's best oppOrtun
ity at this time for the financing of
this great project is through the pro-
posed state reclamation bill, and it
behooves everybody in the state in
terested in this project and the up
building of the entire state to work
for the passage of this measure at
the November election.
Following is the proposed consti-
tutional amendment Read it all:
Section S, Article TX, of the con-
stitution of the state of Arizona shall
be and the same is hereby amended
read as follows:
Article TX, Section 5. The state
may contract debts to supply the
deficits or failures of revenues, or to
meet expenses not otherwise provid
ed by law; but the aggregate amount
OF such debts, direct or contingent,
whether contracted by virtue of one
Or more laws, or at different periods
OF time, shall never exceed the sum
of three hundred and fifty Thousand
dollars; and the money arising from
the creation of such debts shall be
applied to the purpose for which it
was obtained, Or to repay the debts
SO contracted, and to no other pur-
pose
IN addition TO the above limited
lower 20 contract debts, the state
may borrow money to repel invasion,
suppress insurrection or defend the
state in time of war; but the
money .hus raised shall be applied
exclusively TO the object for which
the loan shall have been authorized,
or to repayment of the debt thereby
created No money shall be paid out
of the state treasury, except in the
manner provided by law.
In addition to the amount of debts
that may be so incurred the state
may incur and contract an indebted
ness of not exceeding three cents on
each dollar valuation of taxable prop
erty within the state for the purpose
of teclaiming the arid, semi-arid
and other lands within it's boundaries
For the purpose OF meeting the ex-
penditu1es herein authorized the
state loan commissioners of the state
Gf Ar'Zona are hereby authorized,
empowered and directed to issue and
sell bonds of the state of Arizona in
such denominations as they shall
deem eXpedient. Five million dollars
Of said bonds shall be issued and
dated January 1st, 1915, and addition
al bonds to the amount provided for
hereby shall be issued at such times