The Springdale news., 1918-08-30

TIVE PROMO QUiNINE is better than o,s,-.a dsaa Quinine and does not cause nervonsn.s. a.1 ringing in head. Remember the full ns r,. v, " LOOK for the signature ot E. W. GROVE n. S-~~<~~~~o~~D~~~~>-~
 Bonds. in al amount not To sys..s two per cent of the assessed ys,n.,,s. of all the property in the stats sss to place the proceeds in tbs s,.,. Treasury in q fund to be known q. \. Arkansas Rural Credits Loan Fu,1s
 Sec 3 Said bonds shall bs issa., In denominations Of s2sob i,aam 35oo0o and si 900 61. and shah b. .' sued In series of {l0 0e9 % or mult, ples thereof drawn to mature In ss, more than thirty-six years nor sssl said bonds be sold until spplic,,os, from bona fide purchasers of land ,,. gregating SIC. 900 60 have bseu AZ with and approved by the Stat. laI Board. Said bonds shall bear in,s,ss at the rate of four per cen, Der n. nun. and shall be exempt from a,. ation by the State Of Arkansaa or ,u If it's subdivisions
 Sec. 1. Said State Land Board ia ,s. thorfZed and directed to loan the mot eys in said Arkansas Rural crsdih Loan Fund 10 bona rie purehaurt 4 farm lands in Arkansas upon note, ,e cured by mortgages or deeds Of ,rM constituting first iiFus on such fan lands in amounts which shall not u roei seventy five per cent of the ts praised value of such lands The er,; II Of the State shall not be loaned |, any person 10 purchase more than ' acres Of land, nor land valued st non than s50.00 per acre. Nor shall ot, nf less than s9A0 co nor more than Il. A1o o0 be made 10 any purchaser t land.
 Sec :. Such loans shall not be m.a except to owners who "operatt sM occupy" lands mertea4ed. and skll be made for the foll wing purposw (al The payment fer lands purchssx tb1 the purchase of live stock and o,h. CT equipment. and the making ot in. provements which in the judgment said board will increase the proaas tivtty or such lanfs er add to ,hei value as farm hewe in a degree justify such expenditure; and tsl A the satisfac ton of eneumbrances upa sueh lands. which. In the judgmsni { said board. were incurred or ssSana by said applicant for the afofsssa purposes.
 See. e. Every applicant for !en loan shall state cleaily in his appies tion the purposes for which sueh iou "a 'SHittds anu hHAH AAs opt. the board this statement shall De ase1. ed part of the note or contract una. which the loan Is granted. bu' failure to apply such funds 70 7, purposes stated in such application enumerated herein shall inHaiiusa loan when once made. nor shah ~, thing herein contained be deemss s.. prevent any farm owner from sV'.s or leasing lands subject 10 suea n cumbrance; but if he shall sioa. Y, s said contract by applying the m.a". s,. borrowed to purposes other than a.. stated in his application or enuiuei.s ~, herein. or if he shall lease suen ..,sI. .a or sell them to any person hot .1,r n,a. ing the conditions and pufposes vided for herein. said board ls au' s.,. ized and directed to require lhe .ss s' ,o. ment of said loan upon six mohlhs ...a tice, and said note or eontraet sll contain a clause providing theis,sa ..,,a
 Sec T. Such loans shall pc .S with interest accruing In anhas ,,,n stsIlnents on the amortlsatlon, ssasi such installments being n4ea a 2. ,s,a sums as will cover the intsfas .,,I and will liquidate the deot ill ,s bsa,l to be agreed on between sa s so ! and the applicant said petiou ..y,,y. not less than five nor more tnan i;auk six years; but any debtor ina. ..an,s date any part or all of his lsaa lhusD,h ,hayt in amounts of 5000 or muitipies z. Srss | of upon any amorti1atioh date ras
 Sec. 8. The rate of Interest on 'm s,s. shall be five per cent per annusi, Xii Xii vided, that no Farm Credit bohus ns be sold for less than par, .hsll rt vided further that the boafo ,r,rIl | quire each applicant to pay an srsy charge of 1 per cent of the losa n. ilaN ed. the minimum charge to and q to cover the cost of appraisa'
 animation of title. ocerua
 Sec. g. All surplus funds a,.m as from the operation of the ,,r stt rural credits herein pfoNluee ,hs aius paying interest aeefuihe on. on and Oat said bonds, and all opera uhs srm,nI.rt expenses arising from me si credit tion of said system or .a Tressgd shall be placed in the state 10 and become part of a funy crsS known as the "Arkansas ftaia Ru,j Reserve Fund" Said ArkahiS Sa losat Credits Reserve Fund shan pr hsrst on farm lands in the inahn. RuS provided for the Afhanse aetsrss. ' Credit Loan Fund, and me im ssld 1T cruing from loans made n,ss iIoa Fg kansas Rural Credits Resel paa shall be added to it and peeVl p1e.'ral cfsSs of it. The said Arkonsas hai,,,"s,bls S Reserve Fund shall be lIIeunn mon nf cept that IL may be drawn WI SneurrS imburse the State for loss ssvs,sr the administration or satu .u rural credits. .,,,a AssspI shall provide in such detail arrtue a deem advisable for the cai ca,vi sions and administering of the p.vroyids I this amendment, and shal! p ,hs ua equate safeguards aeaihst. nurtsr such loans AS an aid 10 the ga he y ing and holding of lanas ssfegst poses of speculation. Sueh a, shall include clear deflilils,ny" terms Operate" and s,Ich lw herein. In the absence oi same lation. and subject to tne Land BaS its enactment. the State said v shall proceed to adinl .tssr rulss tenn of rural credits uhaei, bu. reeulations provided by itseh .ants5e ice, u,a ,a 's ,ba nprovisions herein e9nl tss e
 Sec 1T The provisions ol slst spt stitution of Arkansas III ,spesls this amendment are herepy, a,., herss so far only as they conflict ,snaD The provisions of this asball shall be self-executins. sO dsfs effect and be in opera tlon o,n,tion m ter their approval ana aaor
 people of Arkansas. and
 Approved by the Governu,y Of In the office of the Secretary
 March IT. 1917. ,or or t@
 Each eleetor may vote ioi
 the above amendment rnaturt
 Witness my official ,aIs s the gath day of AprI TERR
 [Seall IoM M,tary of