New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-31
LAWS OF NEW YORK

fiscal year be sufficient to provide such sinking
iund. direct annual tax for such yeaI ne sSa
not lie imposed and collected. as required Dy Tue
Eroytsions OF said section four OF article seven'
o: VI any law euacted In pursuance thereoi
me legislature shall annually as the same snhn
full due provide by direct tax, Appropriation o.
both for the payment OF the interest upon ana
Instruments OF principal OF all debts created on
behalf OF tho state. payable In annual 1nstai-
ments, pursuant to section four OF article seven,
or OF any law enacted in pursuance thereof.j
The legislature shall annually proude ov dppro-
prtltton for tho pdVpent 0f the interest upon
and indictments Of principal OF az de6ts credlce
q" 6chdI Of tho stdte except thcse conHdcloo
nnder section too Of THIS article, az the Same
shdH fdil DIR, and for the contribution to aI o.
the sinking funds heretofore created w tG:V, o.
tho amon"ta annually to be confrtonted andc,
inc prorisions Of secttGn dpc Of thfs a'ticm. u
at any time the legislature shall fdH TO make
any such dpprC prtGtton, the comptroller ShdiI 500
apart from, the Nrst rouenues thereafter rccovcd,
sum suNcient to pay such interest, instaimeats
Of principal or Contributions to such sinking
fund, as tho may be, and shall so apply tho
moneys thus set apart. The comptroller may DO
required TO set aside and apply such reuenues as
qfofesatd. at the smt ot any holder OF such
prouement Of highways shall DC created only In
the manner provided in section four OF this
article: no prorfstow Of this article shdH DC
deemed to impGir affect tho Uditdtty Of any
DEBT OF the state heretofore contracted or any
right or 06Hgdton heretofore created detween
the state and any Of its cuil divisions.
lied by law for the improvement Of highways.
Such highways shall be determined under general
laws, which shall also provide for the equitable
apportionment thereof among the counties. The
aggregate of the debts authorized by this section
shall not ut amy one time exceed the sum of
fifty millions Of dollars. The payment of the
annual interest such debt and the creation
or sinking fund of at least two per ceItum
per annum to discharge the principal at ma
turity shall be provided by general laws whose
force and effect shall not be diminished during
the existence of any debt created hereunder.
The legislature may by general laws require the
county or town or both to pay to the sinking
fund the nroportionate part of the cost Of any
such highway within the boundaries of such
county town and the proportionate part of
the interest thereon, but no county shall! at any
time for any highway be required to pay more
than thirty five hundredths of the cost of such
highway, and no town than fifteen bun
dredths. None of the provisions Of the fourth
section Of this article shall apply to debts for
the Improvement Of highways hereby author
2. Resolved (if the Assembly concur), That
the foregoing amendment be submitted to the
people for approval at the general election to be
held in the year nineteen hundred and twenty
in accordance with the provisions Of the election
STATE OF NEW YORK.
In SENATE.
The foregoing resolution was duly passed.
majority OF all the Senators elected voting in
favor thereof.
BY order OF the Senate.
HARRY G. WALKER RI1s;..
STATE OF NEW YORK,
IN ASSEMBLY.
Aprit Is, 1919.
The foregoing resolution was duly passed,
majority Of all the members elected to the
Assembly voting in favor thereof.
By order Of the Assembly,
THADDEUS G. SWEET,
Speaker.
STATE OF NEW YORK.
OFFICE OF THE SECRETARY oF STATE, I o.
| have compared the preceding copy of
current resolution with the original resolution
on file in this office, and do hereby certify that
the same is a correct transcript therefrom and
of the whole thereof
GIVEN under my hand and the seal of
IL. 81 city of Albany. this first day Of July
III tie year thousand nine
hundred and twenty
FRANCIS NJ. HUGO,
SecTet0ry Of State.
ExPLANA7IoN.- In italics is new:
matter in brackets | ] is old law to be omitted.
STATE OF NEW YORK,
OFFICE OF THE SECRETARY OF STATE
ALBANY, July l, 1920.
Pursuant to the provisions of section one of
article fourteen OF the Constitution OF the State
OF New York and section two hundred ninety
tive OF the Election Law, notice is hereby given
that the following proposed amendment to sec
ton one of article two of the Constitution of
the State of New York is referred to the esis-
lhture to be chosen at the next general election
of senators In this Stgte to be held on the
second day OF November, nineteen hundred
twenty.