The Sentinel=record., 1918-11-02
LEGAL NoTEnEa
PROPOSED INITIATIVE
PETITION.
PROPOSED CONSTITUTIONAL
AMENDMENT NO. t3.

'"s OoielIlullon o. lAe 9lale VI ARK
aHaa9' Io'f' ana pIo'iuihs lhaJ iucor-
poraled towns OIL one thousand OF
/ more popllatioA as SHOWN by the mex
preceding Federal census on oy cen
7u7 iaNeh Tor tHal purpose by lne MI
hloip"i authorities OF said town. anu
ciiles OF lAe llfaJ ana second cia7s
may issue ny "au win l"e consent
OF inc guam ltd eiec'o'S Oh SaIA maui
Dp'Il'y l"s'hs 2" 'H' question 81 4"
'.'0l''n i''l ~ 'l'-. ~ ''',''
,' Wy, ..e,'',,..
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anu '''''''''i ~ i''''
1 Oi' q VI IN ltli'-.N nv I''
A''hiN9l Avn Nlf'-Nl NJ. To-
he H. IN. .tcd NY ''o l'op'e "l 'H'
state o. A'h'i's"s
That Section l OF Arii'le l6 OF INC
Constitution Of the state OF Arkansas
be amended 70 read as follows:
Article lG, Section j. Neither the
state nor any city county town oi
other municipality IN this state shai
ever IeHd IT'S 'fedlt Ior any purpose
Whatever n"i S""'' any co''''J' w
.o"H OF ~ 'H'0'p''i'S ever '99uo
'i''e' COT '''' NJ S'',''i''0 ~ i''''''
ness eN0tpt Su0n Do'"' "s mag
au'''o''IGu ny "a" W l''''''e -. wa
secure ,"e P'' M ~ '"c i''1'',1
ueS7 'a'a,i''s ~ e',,'.'''e y 49,, ~, -
'lon 81 '"o ''a'''''''" - l''' "'''
'"o ga = o'",' 80 ''.o a"!
eSl- '''''''s ''''
7''ii'
ffoFlaed' that lhco'pofaled i""ns
OF l'ooo or more populd'ion' as SHOWN
by the next preceding .ed'''' census
or by census taken Ter that purpose
by the municipal authorizes OF sal"
tc"ns ana cues OF the llr7l ana see
oho class may ISSUE ny ana WIN t"s
consent OF majority OF the qUaili'e'
electors OF SAID h nlcip'ii'y VollhS ~
the question nc an eleclion Ae!d ioi
the purpose, bonds or olhcr ln'efes,
bearing evidences or ihde'teuhess IN
sums and for the purposes approved
by such majority at such eiecilon' a.
follows, towit:
For the funding or rolunding OF any
eisting Indebtedness incurred prior to|
the adoption OF this amendment; 20.
the acquisition Of rights of way for|
and construction OF public highways
streets, alleys and boulevarus WITHIN
the corporate limits of such mnnici
pality for the purchase, development
ana improvement OF PARIS, located
either within or without the corporate
limits of such municipality; for the
construction Of 6e"ers; for the pun
chase or construction o. cry or Town
halls, audltouums. prisons, Hofarles
hospitals, Yiaducts bridges, or huilu
ings for housing fire lishilnS appara-
tus; and for the purpose OF acQuitih5'
purchasing extending, improving, en-
lareing, building or constructing o.
water works, or Hight aud heat plante
As additional security IN proFldlnt
water works or light and heat plants
for cities snd towns mortgage OF
other lien may be given by sucn mu-
inequalities on such water works o.
light and heat plants ana the income
thereof, and the franchise ana otnef
property connected thereWlt
No bonds or other integest-bearins !
evidences OF Indebtedness issued un
der TIE authority Of this amendment |
shall bear greater rate OF Interest |
than six per cent per annum, payable |
either annually or semi-annualy. and |
bonds iseued by cities of the first
class shall not he sold on a basis 81
more than five per cent; that IS TO say
the cost 10 the municipality for iute"-
est and discount ON each issge u
bonds shall not exceed per cent per
annum, ANA bonds issued by cities o.
the second class and incorporated
towns shall not be sold on a basis of
more than six per cent, ana no bonds
issued under the authority of this
shall ever De sold, eNcep
All public sale after twenty days ad
vertisement in some newspaper hav-
ing boni fide circulation in the mu
nicipality issuing said 0onr-