The courier-index. (Marianna, Ark.) 1917-current, 1918-08-30

XUME H
/ Of Article Is OF
Iect'os the state OF Ar
lo pa providing that in nc"r.
snS no ans thousand or more
., e v by the next pre-
sno~ or by census tax,
cens s by the municipai
VIA town. and cities OF 9, ! .n \
pa ciS ~ a majority OF the
sent ~ ~ said municipality
tors =. at an election
2 qur nose bonds or other
pun ssyidences Of indeotea !
ng r,ding the means ana
pru ,snt OF said bonds.
s,ENpMENT NO; IS.
AMENDMENT No 10
, ~ the People of the
AZ Article Is of the
on ne state of Arkansas
:. o. read as follows; .ba
g sactiou /. Neither the
sec .,ty county, town or
ny,,tv in this State snali
srsdit for any purpose
shall any county. Guy !.
nicipallty ever issue any any
me Evidences of indebted
ins ms, bonds as may be au-
sucn rovtds for and So
, snsnt Of the indebtedness
m me- time of the adoption
t .ns OF 1874. and the
'tl.u Ill., issue any interest
nos warrants or scrip.
, sai' incorporated towns or
population, as SHOWN "
ssdipg federal census. or
s srsn for that purpose oy
!, .nthorities of said towns
= the first and second class.
= and with tbs consent OF q
he qualified electors or
.utv voting on the ques-
p,action held for the pur-
ar other Understanding
A indebtednss IN sums 80 80
o approved by such ma
rpyo election, as follows. To-.
,rrd,nr or refunding or any
snhtedness incurred prior TO
u s If this amendment; for
. iii OF rights OF way FOR
s"ctiou of public highways,
,.vs or boulevards within the
limits of such municipality;
.ahase development and I'M
of parks, located either
u;thout the corporate limits
,ricipality; for the construc-
rswers: for the purchase or
~ for the purchase or con-
=, city or town halls. audi
Urisons. libraries. hospitals.
ridges. or buildings for hous-
|sbting apparatus; and for tho
4; acquiring, purchasing. ex-
smnroyIng. charging. building
rnetIng Of water works. or
\ neat plants. 40 additional
|ln providing water WORKS ..
4 heat plants for cities ana
mortgage or other lien may
bv such municipalities on
works or light and heat
n the income thereof, and the
and other property connect
It'll.
~ Indebtedness issued under
,rity of this amendment shall
reater rate OF interest than six
Yer annum, payable either an
semi-annually, and bonds Is
titles of the first class shall not
4 a basis Of more than f1ve per
4 is to say, the cost to the
lily for interest and discount
,sue of bonds shall not exceed
nj per annum, and bonds is
cities of the second class ana
ted towns shall not be sold
Is OF more than six per cent,
onds issued under the author
ID amendment shall ever be
,pt NJ public sale after twenty
ertisement in some newspaper
bona fide circulation In the
lily Issuing said bonds.
r to provide for the payment
nds and other interest bearing
Of Indebtedness issued under
sions of this amendmnt, and
hereon. q special tax. not to
70 mills on the dollar. in ad-
the rate now permitted, may
by municipalities on the tax
erty therein; and any munic-
suing any bonds or other In
ring evidences OF indebted
L before or at the time OF
levy a direct tax payable an
I exceeding the amount linn
,ove. sufficient to pay the in
such bonds or other interest,"
wilderness Of Indebtedness as
natures. and also sufficient
ID discharge tho principal OF
bonds or other interest-bear-
noes Of indebtedness at their
maturities; provided. that
limitation Of the rave OF tax
Il not apply to bonds issued
uniclpalitV for the purpose or
purchasing. extending, Inn
,nlarging. building or con-
water works and light and.
is, but the levy OF the spe-
ave mills authorized by this
It having been exhausted or
V unlevisd being insufficient
Ierest on and retire the pro-
ds, said municipality. for the
4 paying the principal and
such water works and light
plant bonds, may. so far as
evy and collect a special tax.
a 70 the rate allowed by this
i, Of not to exceed FIVE mills
lar; provided also. that, as q
ID additional limitation upon
Issuance OF bonds or othe
saring evidences of indebted
ths levy of a special tax to
'st thereon and retire the
ieir respective maturitfes, no
" shall have the power to
issue of bonds or other In
ring evidences Of indebted
ND proposed issue itself, or
With all previous issues OF
other interest bearing evil
Indebtedness then outstand-
ne municipality. shall aggre-
Q a city of the f1rst class
amount than five per cent
as to Incorporated towns
OF the second class more In
an seven per cent (7%) Of
60 valuation OF all taxable
the municipality proposing
: same. according TO the last
sessment next preceding said
ssue OF bonds or other inter-
svidencss OF indebtedness.
Is and other interest. bea ring
~ Indebtedness shall be Sc
'nas annually after three
cate OF issue. and shall be
.ney mature. and no bonds
lu'sition or rights OF way for