The Springdale news., 1918-09-13

because Of it's tonic and ia1atIs- eff--t rsY. TIVE PROMO QtISISE is Letter tds a csgiusr, Quinlne and does u0t Cause nrT4oslSness nay ringing in head. Remember the fgfl nsr7- ~. look for the signature of !. w. Gk0VE Nc Bonds in aL amount not fo sIc.ss two per cent Of the assessed ..ustior of ell the property n he Ststs a1d 70 place the proceeds iH tas Stat. Treasury in fund - ts known a. th. ~Arksnsas Rural Credits I5au Fund.-
 Sec {, Said bonds .haH bs i.su.a in d@nomtnattens sk !2s DO !iaaN s50o % and si 96e ea ard saaH b, n. sued in series e - AB8 99 5r rsulti. ples thereof drawn = fnet4se in nat more than thirty-six years aof shin said bonds be sold antai application, from bona rf- purchasers - and sf sregating sl6 6b1 u have b.sn sIst with and appEas d b tAe State Lant Board Said bon3s shaH bear intsr,t ct the rate Of four Der cent per az. mum. and shall be axeMp. from t.x. ation by the State ot Atkansas or any o' its subdivisions
 Sec | .Ssfd sfars Land Basrt ts ,u. thorized and directed t9 loan the mon eys in said Afksn Rural Credits Loan Fund 70 bona ris p4t1nss.tt 0. farm lands n Arkansas aEan notes ss- cured by mortgages ar 3szis ot trust constituting fiat E=as 1n su5k farm lands in amounts &hsah ztaii r5t sI- oeec seventy five De HsHt 5t ths 3D. praised value af such lands The cred it ot the state zhaH3 nst ts 55ansd ;e any person to purchase maFs than a acres of lsnt nas lsHd ssHas3 st mere ttan .5s ea per acre Sr stali losa 0f less than sz95 39 uan u5se fhza .i- 096 60 be made 10 any purchaser Q. lsnd
 Sc 5 Such loans shah Hs, De mad. except 10 owners who operate" and occupy" lands ma@te4Eea and shsll ae made for the following puryosesi ,al The payment for lands purchased; tb) the purchase CT live stH < and oth- CT equipment ard tA- aa Hs of in. pavement which fn ff- 93Emsnt of said board wif fner-azs the prodge. tivity of such land 44s s43 to ;he., value as farm hara r degree ts Justify such expenditure and tcl for the satisfaction Of eneuabfanees upol such lands. which. tn ths judgment Q! said board. were incurred oE asaaIa: Uy said applicant Tor the aio!ssais purposes.
 Sec 5. Every applicant for farm loan shall state clearly in his spplica' ton the purposes fof "h hleh such loan Is desired, and upon it's appfoFs! bS tnr board this statement shall be dssA- -d part of the note or contract unass which the lgaH ts granted bAt 10 t6liur~ to apply saeh fuG3s 10 us purpJsrs stated n such app aton S' thumerattd herein shall tnF Al late loan when oncs made. noT shall any thing herein contained be detIhed " prevent any farm owner ff9fi. seHlus or leasing lands subject r. such ih cumbrance. but If he shall violate his said contract by applying tAs mohsss borrowed to purposes other than tnoss stated In his application or eu4iae a'sN herein. or If he shall lease such ish1s anu, or sell them 10 any person het IH1I,i- Ing the conditions and purposes p'e vided for herein. said board s suthol- ized and directed to require the repay ment Of said loan upon six months m m uce, and said note or contract si~" contain a clause providing theteIoi.
 Sec. ! Such loans shall De fgps- with interest aeeruing in annual ln stailments on the amorttzafion pan. such installments beiHg fixed al su.n sums as will cover the interest Is Ias and will Hquidate the d-ht m peto1 10 De agreed on between sat9 uo@t and the applicant said pe55oa tG not less than five Tor more tta an thtIsJ six years, but any debtor may 4iQU.. date any part or all of hfs indebtedness in amounts of t5e 00 CT multiplrs n, lne., of upon any amortization pay date
 Sec. 8 The rate Of interest on iosn. .,a. shall be five per cent per anhalli pssll p,yll vided that no Farm Credit b9nds sha" s
 
 vided further that the board shaH aH,.tsi quire each applicant To pay eh a+- Ina,'S charge of l per cent Of the luAn $ aas aHs ed. the minimum charge To De s4s y to cover the cost of appraisal anu animation of title. ,,,u
 Sec g All surplus funds aeeruihss from the operation Of the ,,s, rural credits herein provided fof' slrs. paying interest aecruing on the hsr atV said bonds. and all operating ana ',,-s. o,Ts expenses arising from the aa nSs;t. ton of said system Of rural cIeois, shall be placed in the State h. and become part of a fuh1 Sy.s,t known as the "Arkansas Rural Y In..ai Reserve Fund Said Arkansas IT.sI Credits Reserve Fund shall De io-sin on farm lands in the manner I1',rsl prov ided for the AFkaHsas fu.a. Credit Loan Fund. and the interest so eruing from loans made from .al4 4r,,nd kansas Rural Credits Reserve aart ur shall be added to II and become lpsi,, pi Of IL. The said Arkansas KuFa! sx. Reserve Fund shall De sFFeduelpie. re- cept that il may be drawn upon to , in fmburse The State for loss incurred the administration of said s4 rural credits. hly
 Sec 10 The Legislative Asseiths'iil shall provide in such detail ss II ont deem advisable for the earl lHs Hers of and administering of the prov is.9H7 ad.
 
 eQuate safeguards against the sSes. such loans as an aid to the nnr- ing and holding of lands for slI'e.,,ssrds sle poses Of speculation. Such satss inc shall include clear definitions oA nssd terms operate and "oeeups t.gts- herein. In the absence Of sueH sster lation, and sHbjee, to the sails7 paard its enactment. the State Lana avs shall proceed to administer sai- and tenn of rural credits under I14vs s,b- regulations provided by itself pa. a.tred tect to the provisions herein eeA.AtT,n- Ton-
 Sec. IL The provisions Of th vith stitution Of Arkansas in comm .9 ln this amendment are hereby sPeaa,vith so far only as they conflict hv. 5rneri The provisions Of this amen iiS Ike shall be self-exeeuting and shaA sf- effect and be In operation nV .hs ter their approval and adoption S' people Of Arkansas. -, nlsd
 Approved by the Gov ernof ctats In the office Of the Secretary oi March r. l917 gatnst
 Each eleetor may vote for or ae" the above amendment ,hfs
 Witness my official signature the 2sth day of April. 1918.
 'Ssii sserstary Of stsf&