Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-10-22
LEGAL NOTICES.
SPECIAL EECAT,n ELEcr1ow
EOTYCErs

49, y = '-H-AH. ~
In compliance with Section s75 Of tn.
compiled Laws Of 1913, L.. Hans Andar.
son, county auditor in ard for the COIN.
~ OF GTand Forks. state of NORTH Da.
k ine ,r 20 hereby ths certify t1at the follow.
stitutional Amendments and Jnitiatef
measures. which have been certified -
this Ioflce by the secretary Of state anS
which will appear on the Special Recall
Election ballots to be voted upon at tn
Recall Election to be held at the various
voting precincts in the county of Gran
FORKS. state Of North Dakota. on tht
18th day Ct October, 1921. polls to b.
arened 1t Q o'clock in the morning and
VIII continue 6ben until 9 o'clock in thu
afternoon Of that day. viz. =
State Officers.
Lynn j. Frazier. Hoorlo.
.Ragnvald A. Nestcs. Minot.
Attorney General.
Sveinbjorn Johnson. Grand Forks.
tWm. Lemke, Fargo. ~
Commissions Of Agriculture ana Labo,
John N. Hagan. Deering. 80
Joseph A. Kitchen, Sentinel Butte.
CONSTITUTIONAL AMENDMENTS.
DEBT IIMT-HoMD ISSUES.
Petition for Initiation Of CONSTITUTIONS
amendment Relating to the Issuing
o. Honds and Reducing and Fixing
A Constitutional Amendment, amend.
Ing and re-enacting Section 1872, as
amended by Article 81 of the Amend.
ments to the Constitution Of the State
OF North Dakota, being an act relating
Reduces the Total possible bonded
debt OF the state without security and
1or industrial purposes. Requires mrs,
for NIL other bond issues Ander this sec.
ton.
Provides that the Governor. State
Treasurer and Secretary, Of State may
PURPOSES. to-wit:
lars a. N ISL g. ,oc $685. s ths s Mi'l'e9 Dol 81
Which t. Be used to pay the debts 81
Hundred thousand pSi,ar M'''9 9s2.5 S1Se
oeo:ool, the proeeeds Of which to be
Grand Forks project and provide work
le9 Not te exceed Two Hundred Fifty
Thousand Dollars. ts2so.0oo the pro
debts Of the Home Building association,
Limits the debt that may be incurred
on account Of the state owned utilities,
e9 sbe send an iss anad paoxise q 1 fos. . orasp.
Governor. State Treasurer. and Secre-
tasy of State to determine amount Of
bOndH necessary to be Issued and orders
notice to be given by publication In q
daily newspaper. Fixes not less than Ave
nor more than twenty years as period
of maturity. Provides that bonds shall
be sold at not less than par and draw
interest. at not to exceed six per cent.
Provides that bonds may be sold and
delivered by the officials named with.
out further authorization by state, and
that the proceeds sheii pc expended in
manner provided by law n this amend
meMt. Provides for levying of an an
nual tax to create a sinking fund 10 be
used in addition. to monies accruing in
connection with the liquidation OF the
Bank OF North Dakota for the payment
of interest and the retiring Of the
principal upon maturity.
REQUIRES that every law creating 4
bond issue to be. secured by q first mort
gage upon real estate shall provide for
q sinking fund to be treated by the
levying OF IN annual tax or other pro-
vision. Said sinking rune to be. used for
the payment Of principal and interest
on such bonds.
Gives owners OF bonds the risht TO
U the state for h collection OF
principal and interest in case OF default
by the state.
Limits ali future Indebtedness to that
provided for In this Amendment except
for the purpose OF tepssiins invasion.
suppressing insurrectioa and to provide