The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-10-13

ton, relative to amending section
three of article nine of the Con-
stitution of the State of Nevada.
IAllowing increase of bonded in
debtedness of State from 100000
to / per cent of assessed yalua-
ton of State
Proposed and passed at the
Twenty-sixth Session OF the Legisla-
ture. March IA, 1913, Statutes OF
1913, page SIS, agreed TO and pass
ed at the Twenty-Seventh Session of
the Legislature. February s, 1915,
Statutes Of 1915. page SIG, and SUD
ject to ratification by the people al
the general election of 1851
Resolved by the Senate, the As
sembly concurring, That section
three of article nine of the constitu-
ton of the State of Nevada be
amended so as to read as follows:
Section 3. The state may con-
tract public debts. but such debts
shall never in the aggregate, ex-
elusive OF interest. exceed the
sum of one per cent Of the
assessed valuation of the state,
as shown by the reports OF the
county assessors to the state COLI
troller, except for the purpose of de-
fraying extraordinary expenses, as
hereinafter mentioned. Every such
debt shall be authorized by law for
some purpose or purposes, TO be dis
tinctly specified therein; and every
such law shall provide for levying an
annual tax sufficient to pay the inter-
est semiannually, and the principal
within twenty years from the pass
age of such law and shall specially
appropriate the proceeds of said tax
es to the payment of said principal
and interest. and such appropriation
shall not be repealed, nor the taxes
postponed or diminished, until the
principal and interest of said debts
shall have been wholly paid. Every
contract of Indebtedness entered into
or assumed by or on behalf of the
tiles amount to said sum before men
toned, shall be void and of no effect,
except in cases Of money borrowed to
repel invasion, suppress instruction,
defend the state in time of war, or, if
hostiities be threatened, provide for
the public defense.
State of Nevada, County of Lin
coin, IS.
|, Chas. Culverwell, the duly elect
ed, qualified and acting County Clerk
of the County of Lincoln, State OF
Nevada, do hereby certify that the
foregoing is fall, true and correct
copy of a Certified Copy of the Orig
| aal proposed Constitutional Amend
ment No / entitled, Assembly Joint
and Concurrent Resolution, relative
to amending Sec 2 of Article I OF
the Constitution of the State of Ne
vada", approved Mar. 26, 1913-Feb
4, 1915. Permitting investment o.
permanent school fund in bonds o.
Nevada Counties of farm loans), alsC
proposed Constitutional Amendment
No. entitled Senate Concurrent
| Resolution, relative to amending Sec
| tion of Article 8 of the Constitu
tion of Nevada, approved Mar IA
1913-Feb. s, 1915. (Allowing in
crease of bonded indebtedness o
State from 100000 to l per cen
of assessed valuation Of State), a
required under Sec. so of an Act en-
titled IAN Act relating to Elections
approved Mar 30, 1915, now on I'll
and of record in this office.
| IN WITNESS WHEREOF, hav
hereunto set my hand and affixed m
Official Seal. at my Office, in Phoebe
Nevada, this 23rd day of September
A. d. 1916.
[SEAL1
CHAS. CULVERWELL,
County Clerk and Ex-Officio Cler
of the Tenth Judicial District Cour
of the State of Nevada, in and fo
the County of Lincoln.
|