Cleveland County herald. (Rison, Ark.) 1888-current, 1918-08-29
Proposed By Initiative Petition.
Proposed Constitutional Amendment
No. 49,.

Amending Section of Article
16 of the Constitution of the State
of Arkansas, 1874, and providing
that incorporated towns of one
thousand or more population, as
shown by the next preceding Fed
eral census, or by census taken
for that purpose by the municipal
authorities of said town, and
cities of the first and second class
may issue, by and with the con-
sent of majority of the qualified
electors of said municipality vot-
ing on the question at an election
held for that purpose. bonds or
other Understanding evidences
of Indebtedness, and providing
the means and manner of payment
of said bonds.
FOR AMENDMENT NO. 10.
AGAINST AMENDMENT NO. 10.
Be 1t Enacted by the People of
the State of Arkansas:
That Section | of Article Is of
the Cons tuition Of the State of
Arkansas be amended to read as
follows:
Article l6, Section /. Neither
the State nor any city, county,
town or other municipality in this
State shall ever lend its credit for
any purpose whatever; nor shall
any county, city, town or munich
pality ever issue any interest
bearing evidences of Indebtedness,
except such bonds rs may be au-
thorized by law to provide for and
secure the payment of the indebt-
edness existing ut the time of the
adoption of the Constitution of
1874, and the State shall never is
sue any interest bearing treasury
warrants or scrip.
Provided, that incorporated
towns of 1000 or more population,
as shown by the next preceding
federal census, or by census taken
for that purpose by the municipal
authorities of said towns and cities
of the first and second class, may
issue, by and with the consent of q
majority of the qualified electors OF
said municipality voting on the
question at an election held for the
purpose, bonds or other interest
barring evidences of Indebtedness
in sums and for the purposes APP
PROVED by such majority at such
election, as follows, to-wit;
For /, he funding or refunding Of
any exis, ing Indebtedness incurred
prior to the adoption CT this
amendment; for the acquisition o.
rights of way for and construction
of public highways, streets, alley.
or boulevards within the corporate
limits of such municipality; fol
the purchase, development and i'm
provement of parks, located eithe
within or without the corporate
limits of such municipality; fo
the construction Of sewers; for tn,
purchase of sites for, Or for tn,
purchase or construction of, cit,
or town halls, auditoriums, pris
.ons, libraries, hospitals, viaducts
bridges, or buildings for housing
fire fighting apparatus; and for thu
purpose or acquiring, purchasing
extending, improving, charging
building or constructing of waite
works, or light and heat plants
AS additional security in provid
ing water works or light and hea
plants for cities and towns, mort
gage or other lien may be give
by such municipalities on sue
water works or light and hea
plants and the income thereof, an
the franchise and other propert
connected Herewith.
No bonds or other interest bear
ing evidences of indebtedness is
sued under tie authority of thl
amendment shall bear create
- :.&o.oo& <Lop civ NOR con