Newark leader. ([Newark, Ohio]) 1917-1946, 1921-10-28

Be it resolved by the General Assembly of the
State of Ohio, three-ifths of the mem
bers elected to each House concurring
therein
of the state, in the manner prescribed by law,
at the general election to be held on the first
Tuesday after the first Monday in November,
1921, a proposition to amend article VIII of
the constitution of the State of Ohio by adding
thereto Immediately after section 2 of said
article section follows:
"a. THE Commissioners OF the Sinking
Fund" created in this article, shall forthwith,
upon the adoption of this amendment proceed
to issue and sell from time to time, under such
regulations they may by order promulgate
for not less than par and accrued interest, not
to exceed the total sum of twenty five millions
($25, 900, 100000 of dollars of the bonds of the
state of Ohio, bearing interest at not to exceed
FIVE and one-half per cent per annum, payable
semannually and maturing in twenty equal
semannual installments, commencing not later
than the first day of April, 1923. Such bonds
and the interest thereon as income shall be
exempt from all taxes levied by the state of
Ohio or any taxing district thereof. The pro-
ceeds of the sale of said bonds shall be paid
into the treasury Of the state OF Ohio subject
to be paid out without appropriation by the
General Assembly upon the order of the said
"The Commissioners of F; the Sinking Fund" the
same to be known as , The Wor1d arid war ;n Com-
sioners of the Sinking Fund" shall by their
certificate filed with the auditor of the state,
add to the state levy for taxation in the year
bonds, in addition to all other taxes now or
hereafter provided by law, such amounts an
nually shall be necessary, as tax levy for
the retirement of said bonds, and the payment
of the interest thereon; and said levy may also
provide for the payment OF the expenses of
administration hereof. Such levy shall not be
considered in applying any limitation on ag-
gregate tax rates now hereafter provided by
law. Said taxes when received shall be paid
into a fund in the treasury of the State of
Ohio to be paid out without appropriation by
a. he orHR of he
said "The Commissioners OF the Sinking
Fund.- for the purpose of the payment, or re-
tirement IN other manner, OF the SAID bonds,
interest thereon, and expenses OF administra-
ton hereof. AS soon as may be, the said,
"The Commissioners of the Sinking Fund"
SHALL under such regulations as they may from
time to time promulgate, pay out OF SAID fund
to persons resident in Ohio at the time of the
commencement of service who served honor
ably active service in the army, navy, or
marine corps of the United States of America,
or being also citizens of the United States in
similar forces of any of the governments asso-
ciated with the United States in the world
war, with the rank or grade OF not higher
than captain in the army marine corps, or
corresponding grade in the navy, between the |
dates of April s, 1917, and November H.
1918, their heirs at law, adjusted compensa-
the date of separation therefrom, at the rate
of ten $4,000 dollars per month, but not to
exceed two hundred and fifty ($250.0O) dol.
lars. No payment shall be made to any such
person, who refused on conscientious, political
or other grounds to subject himself to military
discipline or to render unqualihed service, or
therefrom under circumstances amounting to
a dishonorable discharge The said "The
Commissioners of the Sinking Fund" by order
shall make regulations; providing for the as
signment and payment of the whole part
of any such payment to fund to be re-
tained by the said "The Commissioners of the |
Sinking Fund" for the purpose of erecting
and maintaining, under such laws shall be
enacted for that purpose, hospitals for the
relief of veterans of the world war; providing
against any other sale or assignment or fees |
providing against the enforcement of the |
claims of creditors as against such payments; |
imposing penalties for violations of such regu-
lations; fixing from time to time limitations
for the presentation of claims for said pay |
ments; providing for the contracting and pay |
ing of the necessary expenses OF administra-
ton hereof and such other regulations as are
deemed necessary and proper for the admin, |
istraton and payment of said fund. The full
faith and credit of the state of Ohio is hereby |
pledged for the payment n; OF sad said bonds Ihe Inc
they have enacted this special amendment to |
meet the specific emergency covered thereby |
and they declare it to be their intention to in
no manner affect or change any of the existing
provisions of this constitution except as herein |
set forth. The provisions of this section shall
be self-executing; Upon the retirement OF all
presented within the limitations Of time as
prescribed as aforesaid the said The Com
missioners of the Sinking Fund" shall render |
a final report to the General Assembly and
any balance remaining in the said funds shall
be disposed of as shall be provided by law.
Be It further resolved, That at such election |
herein provided for, for the submission of |
this amendment to the electors of the state, the |
same shall be placed on the official ballot in
the manner prescribed by law and shall be
designated as follows:
TO AMEND ARTICLE VIII OF THE
CONSTITUTION TO PROVIDE
FOR ISSUING BONDS FOR
ADJUSTED COMPENSATION
FOR SERVICE LIN THE
WORLD WAR R.........,.....-..--....... |
TO AMEND ARTICLE VIII OF THE
CONSTITUTION TO PROVIDE
FOR ISSUING BONDS FOR
ADJUSTED COMPENSATION
FOR SERVICE I'm THE
WORLD WAR ..........--.....:..... |
And be 1t further resolved, That the re-
quired publication of the said proposed amend |
ment shall be made and the form of ballot to
thereof shall be prepared BY the secretary of
state in conformity with the above provision"
If a majority of the electors voting on said
amendment shall be ascertained, according to
law, to have voted in favor thereof. the COVER
nor shall make proclamation thereof forthwith |
and this amendment shall take effect at the