The Snyder signal. (Snyder, Tex.) 1887-????, 1915-04-23


ficie ,. Of the Constitution Of the
State Of Texas Be amended 50 as
hereafter 70 read a. follow ioEii.
Section 81 The Legislature shall
have no power 70 authcrize any eoun-
y. city. iovn or other political cor
pofaiion Or subdivision Of the State
10 lend H. credit or 10 grant public
money or hing Of value 10 aid Of or
70. any individual. association or cor
poraiicn whaisoeysr. or 10 become a
stock holder in saeh corporation. as
sociaiion OF company. provided how
ever. that under legislative provis-
ION any county. any political subdi-
vision Of a county, or any defined
district non or hereafter 70 Be de-
scri5sd and defined within the State
o. Te1as. and which may or may
not include towns. villages or mum
eipzl corporations. upon a vote Of
tro-tkirds majority Of the resident
property taxpayers voting thereon
Eho are qualified electors Of sfeh
district or territory 10 be affected
thereby. 10 addition 10 all other debts
may Issue bonds or otherwise lend
is credit In any amount not TO eH-
eeed one fourth Of the assessed val
ua,ion Of the real properly Of such
district or territory. except that the
total bonded Indebtedness Of any city
or town shall never exceed the lin
lis imposed By other provisions Of
this constitution. and levy and col
let such taxes 10 pay the interest
thereon and provide a sinking fund
for the redemption thereof as the
Legislature may authorize and 10
such manner as II may authorize the
same. the following purposes toWit
(D The improvement Of rivers.
creeks and streams 10 prevent over |
flows. and to permit Of navigation
thereof. or irrigation therefrom, or {
10 aid Of such purposes.
fbj The construction and main
ienanee Of pools. lakes. reservoirs.
dams. canals and waterways fer the
purpose Of irrigation. drainage or
navigation or In aid thereof
feJ The construction. maintenance
and operation Of maeadamizsd. gray
sled Or paved roads and turnpikes.
NJ 10 aid thereof
Provided. however. that under leg
.sIaiiye enactment any defined dis /
'rift nov or hereafter 10 be describ-
ID and defined within the State Of
T1as. which may be- formed for the
purpose N retaining and improv-
.nr OVERLOOKED and swamp lands 10
.hIs State. and maintaining the i'm
proyements thereof. may. upon a vote
n two-thlfds majority d he res
dent property tar payers Voting
thereon who are qraiin A electors
" such district or territory, In addi-
lion TO HI other debts. issue bonds
BIZ otherwise lend H. credit 10 any
amount not 10 eHceed hfty per cent
oi the assessed valuation Of the real
property In such district or territory
Provided. further. that where a
county. district or other political sub
division has issued bonds for i'm
for the purposes named
In this Section. the Legislature may
authorize the levy and collection of
taxes Tor the maintenance Of such
improvements. not 10 exceed hity
cents on the hundred dollars valua-
ton in any one year.
Section ?. The foregoing amend
ment Of Section % Of Article ,. Of
the Constitution Of Texas. shall be
submitted To the qualified electors
Of this State for It's adoption or re-
lection at a special election hereby
ordered for the fourth Saturday In
July. A. D. 1915. the sane being the
twenty fourth day Of said month. All
voters on this proposed amendment
At said election who favor lis adop-
ton shall have printed or written on
their ballots the following. For
amendment Of Section 50 Of Article
2. Of the Constitution authorizing the
Issuance Of bonds for levee. drainage.
road and other improvements. and
for taxes therefor"
Those voting against Its adoption
shall have printed or written on their
ballots the following: Against the
amendment OF Section 90 Of Article
J Of the Constitution. authorizing the
Issuance Of bonds for ievee. drain