Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-10-28
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LEGAL NOTICES.
SPECIAL 1EcAII KIEcrToT

AAA0S S8O1 tZHs
HoE1CE.
IN compliance with Section S76 or the
Compiled Laws of 1913. ], Ham Ander-
son, county auditor IN and for the u
kota, do hereby certify that the follow
are the names Of Candidates. Con
stitutional Amendments ana Initiated
Measures. which have been certiaed to
which will appear on tho Special RecaIi
Election ballots to be voted upon at the
Recall Election to be held at the various
voting precincts in the county Of Grand
day Of October. 1851. poll. y to be BE-
opened at 8 o'clock in the morning and
Will continue open until 8 O'Clock In the
Of that day. viz.
State oHIosFs.
Governor.
Lynn J. Frazier, Hoople.
Rasnvald u: Nestos, Minot.
Syeinbtorn johnson, Grand Forks.
VIM: temke, Fargo:
co1nnaissaonsr Of Agriculture and Labor
John N. Hagan. DeerinE.
Joseph A. Kitchen, Sentinel Butte. re
CONSTITUTIONAL AMENDMENTS.
DEBT EuLT-BoND ISSUES,
3otd6on for Initiation Of oonstitutio1al
Of 3enas aad Reducing and Tixihs
4 Constitutional Amendment. amend
amended By Article 81 OF the Amend
ments to b Constitution Of the State
Of North Dakota, being an act relating
the issuing Of bonds
debt Of the state without security m
for industrial purposes. Requires irst
on real estate as security
for all other bond Issues under this Sec
Provides that tha Governor. state
and Secretary Of State may
issue n sell such bonds for certain
purposes. to-wit:
lar. s 6.oos, ooo. eo), the proceeds Of
thu Se'f Bank K 81 81 S Sssa z D. aas the Debts Of
H1 S13 Not T to exceed I'VE Millien E,se
used for the Mil and Elevator assocta.
to pay it's debts, to complete the
Grand Forks project and provide work.
lc) Not TO exceed Two Hundred FIFTY
Dollars, ($a5o. ooo), tho pro-
ceeds Of which to be used to pay the
debts 81 the Home Building association:
on account Of h state owned utilities.
enterprises and industries to the amount
ef the bond issue provided for: Orders
ssyet II sts ssste to T dsssrmine and s%ou sseF Of
notice to be given by publication in 4
daily newspaper. Fixes not less than fve
maturity. Provides that bonds shall
be sold al not less than par n draw
interest at not to exceed six per cent
Provides that bonds may be sold and
out further authorization BY state. and
that the proceeds shall oe expended in
manner provided by law and this amend
ment. Provides for levying Of an an
in addition TO monies accruing in
connection with the liquidation of the
Bank of North Dakota for the payment
Of interest and tire retiring Of the
:. REQUIRES that every law creating q
bond issue to be secured by q irst mort
sage upon real estate shall provide fof
sinking fund to 70 created by the
vision Said sinking fund to be use for
the OF principal and interest
siyes q bonds the right to
principal a interest in case Of default
Limits ali future Indebtedness to that
provided for in this Amendment except
suppressing .nsurrection and to provide
for the public defense.
BE IT ENACTED BIZ THE PEOPLE
2 prr THE STATE OF NORTH DA-
That Section 1872 OF the Constitution
OF the State Of North Dakota, as amend
ed BY. Article 81 Of Amendments to the
constitution Dc and r~e-enacted
Section 1ss. The state may ,ssu.
bonds: provided that all bonds issued
sx9eeding In amount a total Of Seven
n na11.na s 1.T 7sd H nnn nSs FIFTY Thousand
be secured by first mortgages upon real
estate IN amounts not exceeding one
half OF the value thereof.
The Governer State Treasurer and
hereby authorized to Issue n sell
bonds Of tho State of North Dakota of
the total par value Of Seven Million
e s7.7so, tooeSonssee9So w afasS ponds may po BE- ! Is
and sold for the following pur-
Bond Sa q the par v.,u. not exceeding
payment Of the debts and Liabilities Of
the Bank Of North Dakota:
% "a OF h par value not exceeding
1s:eoG; . the proceeds to be used to
North Dakota Mill and Eievator a%ssocias
ton, to q the expense of completing
the state owned mill and elevator It
Grand Forks, and rs working capital
Tor the. operation Of such mill n ele-
Bonds Of the total par value not ex-
ceeding $4,000, the proceeds to be
used in payment Of the debts and liza
btiities o. the North Dakota Home
Tbs total debt which nay be incurred
by the state In connection with the Bank
OF North Dakota, the Mill and Elevator
ton and the state owned utilities. en-
and Industries, ~ hereby lin
ited to the mount Of the bond issues
herein specifically authorized.
amendment, the Governor. State Treas
urer' and Secretary Of State shall deter
mine the amount of bonds necessary to
each Of the three issues herein author
lied: and shall give notice thereof BY
announcement in one issue OF a daily
published at the seat Of row
showing the amount Of bonds
then SO found Necessary: Like notice
suing Of AZ Of the bonds, that may need
to be sold~of the issues and within the
herein authorized.
Ths denomination and dates Of ma
shall be determined by the Governor,
State Treasurer and Secretary Of State,
but such bonds shall mature in not less
from their dates ana shall draw interest.
at = rate not to exceed six per cent
(6%l Per ennum, payable sernt-annually,
nd be sold At not less than par, and
thereon exempt from taxation. 80
Such. bonds shall be negotiated. sold
and delivered by. the offcials hereinbe-
fore named, in the amounts determined
q s hereinbefore provided without furth-
er authorization by. statute: and the
proceeds thereof shall be placed IN the
state treasury to be disbursed only for
the urpos for which such bonds are
and then only as provided by
law.
The State Treasurer shall report to
the State Board OF Equalization annual-
~ on the first day Of April all bonds Is
sued and sold hereunder. together with
the rate Of interest and the date OF ma
turity thereof. and such board shall levy
annually thereafter a sufficient state tax
on all taxable property within the state,
pay the interest upon such bonds as