New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-31
NUMBER ONE

ARTICLE SEVEN OF THE CONSTITUTION, IN
RELATION 10 DEBrs CONTRACTED nY THE
STATE.
Section /. Resolved Uf tho Assembly con-
cur). Tint sections two. four, five. eleven ana
twelve Of article seven OF the constitution be
amended to read follows:
g. The state may[. to meet casual deficits
or failures In revenues, or for expenses not
provided for, contract debts; but such debts,
shall not at any time exceed one million OF
dollars: and the moneys arising from the loans
creating such debts shall be applied to the
purpose for which they were obtained, or to
repay the debt so contracted. and to no other
purpose whatever.l contract debts IN dnficpd-
ton Of the receipt Of tGres and reuenues.
direct or indirect, for the purposes and otthtn
the amounts Of appropriations heretofore made; ;
bonds other obligations for the moneys
6orrotccd shall be issued as may be pr0utded by
laio and shall ioith the interest thereon DC paid
from such fdros and rerenncs tctthtn ono year
from the date Of issue
4. Except the debts specified in sections
two and three OF this article. dcbttsl shall
be hereafter contracted by or in behalf OF this
state unless such debt shall be authorized by
la*. for some single work or object, to be dis
tinctiy epccihcd therein. Nc such debt here
nfter -..s"ized shall be contracted for a
perio' =. 'e"' han that of the probable life OF
the object for which the debt is to be
contrae, :, be determined by general laws.
which d. 6iination shall b. conclusive. nor for
more than ATTY years from the time of the con-
tracted by the state. pursuant to an authorize
tion hereafter made, and each portion Of any
n
If provided NV the Inv oa,thoriztno such debt
be Maid in eGnnI animal instalmen+s tho hrst
OF which shnil no novnh1e NOT moro thon one
year and fine Inst ~ which shall no navable
not more finn 5ftv yonrs aftor srnh ddabt or
portion thereof shall have been contracted.
Of q debt navahle otherxtse thon IN enual
annual instruments imnosc and nrovida for tha
collection Of n diroct onnroi +ax e. nav md
sufficient "a nav the interest on snch deht ~
II falls dnc and also t. NV onI disrhoree tho
nrinriI,ol ~ snnh dab+ yithyr nft r fr rr
the time Of the contracting thereof No law
authorizing thn contrantinne aIt ,rs,, .
to THE secion shaI, toia offoc4 nt,l E sha
Mt a general e,Iction hava hoer snhmitted ~
tha nnnnlo owl L,ra raoo;,.o, ~ ,,n ,nit, 20 ~,
the votes cast for md a",;nst IT, ~ y. snc6
o e,,u o"S oast iol qua against III at Snch
either bous 0 ,e b a rassasr Oh sch OH d IN
shon h ta, W tne ISL, @ 'ne Hl's,
"Shall this hin mss and nnght tha san,o ~
o o ~. .,is I'LL rnSs i.u ought s.e Saine ~
lo,, sbou tote nTect ,ntJ u XII w. ''e s..,
.iot; LUG eDoot nntt. u S'at'; az ye"t'nt
5nrs roccio 00'm 20 ms poops' n"a
tor ana onojnst u ~ rb ,rii ,'e no',s
be- sunmjtfcd tn hr otd on ,ith h ya ,'otb
ofter Ws nnssoa nSr Wv ~ n.omtos
,rhsn % oth"y ' u" u.g y' sh 5tsc e
w;ttod ~ No. t . :" u,p o'et '' " ~ Suo-
turo nav ~ nn ,;,,o s,n ~, nc ivs ''"
such Law, b w., 'y ',, is ~ "ppaT Icy Vi
heen con+roc+oh ,a o u, ,'o st''i Ia
no on 'n1 ~ Al tu u'Ice 'nc'pol. fepea1
tho "iiu my az aur sie ny Nw' iorpla
rne ing or any further debt or Liability
hv Snh not M rant tnr "A, II nny ai" &c
~ sucn ne, IN proportion TO tle dent ana Ia
49, 49, "" w V' ,''y iuNe prc' cVIt'"c'e'i Ill pur.
ha trroron1ohI 1 ~ SAa nen,nin ~ .oIce huu
flo ro% ~ "nn We rI'ay coll,cltn' untll
,,on beIr"i Hnait nave mite the Pro