The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-22

the Governor and confirmed by the Senate
when first i'm session after the appoint
meut is made. two Of whom shall be
Democrats and two Republicans. No
person shall be eligible to appointment
ON said Commission who has not been
q bona fide resident Of the State of OKLA
hOWJ for at least two years. who Us not
engaged iu business i'm the State and
who is mot widely known as a success
ul business or professional man of the
highest character and integrity The
appOiutlvc members Of said commission
shall hold office until the completion Of
the work herein contemplated, unless
sooner removed by executive order. Any
vacancy in said commission thall be
filled by the Governor i'm the same man
ucr and under the same restrictions as
the original appointment was made.
The Governor shall receive no COM
peusatiOn for his services as member
or cN-OffCO Chairman Of said Commits
sion other than his salary as Governor.
Each of the other members Of said Com
mission shall receive an annual salary
of Five Thousand (Sj,O0O.O0) dollars. pay
able monthly All salaries Of the mem
bcrs of said Commission, excepting that
Of the Governor, and all necessary trav-
cling expenses of all members Of said
Commission incurred i'm the discharge Of
their duties under this Amendment, shall
bc paid out Of the State Road Bond Fund.
Each member of said Commission shall
subscribe to the oath Of office prescribed
boy law for State officials, and excepting
the Governor shall make and deliver 10 the
State of Oklahoma, a bond with sufn-
Cicut surety To be approved by the COY
oruur I'm the sum OF one Hundred Thou
sand ClOO,ONU dollars, conditioned for
the faithful performance Of his duties,
the premium ou which shall be- paid out
of the state Road Bond Fund
The office Of said Commission shall
be at the state capitol and full and COM
pletc record Of all proceedings and acts
of said Commission shall he kept and
preserved, including the yea and nay
vote of the members thereof upon every
decision of said Commission, and the
concurrence of at least three members
shall bee ucoes,ary for % decision on all
questions said Commission shall have
authority 10 employ q Secretary and
such other clerical and stcnoglaphc
help as il may deem necessary, and may
fix the compensation thereof, and sub
iect to the limitations ANA restrictions inn
posed by this amendment, said com
mission shall have fun and complete au-
ihorlly to do amy and all things ucces-
sary or proper 10 carry out and accom-
plish the purposes for which 10 is created.
For the purpose of having such state
wide system of durable hard surfaced
highways constructed along the Uole-
said routes. and Tor the purpose OF pro-
yid.ug for the payment ut the costs ~
acquiring. improving and constructing
said system of roads. said commission
Us hereby authorized and empowered To
issue and SELL ur cause to be issued and
sold. serial bonds of this state In an ag-
grcgatr amount of not tu exceed the
sum of Fifty Million $50, pOO.OO dol
lars. said bonds shall be issued and sold
only as the funds may bc needed for the
uiymcut of the costs of acquisition, inn
proycment and construction Of said
roads. and the expenses incident thereto,
and Zoo no event shall more than six
million $4,000. .OJO.OW, dollars Of said
authorized issue hc issued or sold within
one year from the date of authorization
nor more than sixteen Million $4,000,
OOO. .OO dollars within two years from such
date. nor more than Thirty Million S30,-
OUO 900 00) dollars within three years from
such date: nor shall said Commission
incur any Indebtedness under the pro-
visions of this Amendment during any
one of such periods In excess of the
amount of bonds authorized to be is
sued and sold during such period, cach
of said bonds shall be I'm the denomina-
tion of one Hundred CSlOO.O0) dollars. or
some multiple thereof and shall bear
interest from date Of issue, payable semi
annually at "a rate not tu exceed four aud
oue-ualf q l-2l per cent per annum,
and said bonds shall be exempt from
every species of state, County, District
and Municipal taxation, and no bohds
shall run for more than twenty-five years
from the date Of issue. They shall be
signed by the Governor. attested by the
Secretary Of state, under the seal oi
the State cuuutcrSgued hy the state
Auditor. and endorsed by the state Treas
urer Interest coupons with Autographed
fac-simile signature of the state Treas
urcr shall bee attached To- said bonds, ana
said bonds may, at the request of the
holder thereof be registered with the
STAT. Auditor said bonds when fully
executed bv said officers shall be deposl
ted m the state Treasury until sold ana
when sold. the proceeds thereof shall be
covered into the state Treasury 10 the
credit of the state Road Bond Fund
which is hereby specifically created ana
any bonds sold hereunder shall be publicly
advertised for thirty days In such man
ncr as said Commission shall direct. AND
shall be sold to the highest and best
bidder for cash, and no bonds shall be sold
for less than par and accrued interest
An Interest ON outstanding bonds 80 is
sued and sold shall be paid semi annually
and Two Million $4,000 O00.OO) dollars OF
/ the principal of said bonds SHAH be
maid each year. and the bonds evidenc'
.
bouds herein authorized shall have beer
Maid and retired The fun faith ant
credit of the state of oklahoma is here
hy pledged for the prompt ana iull pay
ucnt Of the principal of said bonds Sc
sold and the interest Rccruing theIeoh
After this Amendment becomes fulil
operative and until all Of said bonds VIII
accrued interest shall have been paid an'
retired, there shall be collected annual!
hy the state in the same manner ana Il
the same time as other state Revenue
ls collected such sum in addition to IN.
ordinary expense of the state as shal
Doe required and sufficient to pay tn
principal of said bonds and accrued in
terest thereon as herein provided an'
il is hereby made the duty OF all OH
GERS charged by law with any duty II
regard to the levy and collection OF sal'
revenue, to do and perform each am
every act which shall be necessary
levy and collect such additional sum
provided that nothing herein containe'
shall be construed to effect or alter IN
provisions of Section OF Article TO- o
this Constitution.
Unul otherwise provided by law, th
funds arising from the sale Of said bond
are hereby made available, and so muc
thereof as may he necessary Is hereb
appropriated for the purpose of meetln
and complying with the requirement
and conditions Of the Acts OF Congress
heretofore or which may hereafter b
passed, appropriating funds for or In al
of construction Of good roads; provided