The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-10-13
CONSTITUTIONAL AMENDMENTS
DEBT LIMIT-BOND ISSUES

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BE IT ENACTED BY THE PEOPLE OF THE STATE 81 NORTH DAKOTA:
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nouncemen in one issue O. a daily newspaper published att he seal. of
government, showing The amount OF bonds then SO found necessary. Like
shall b e giyen with reference TO- the ISSUING eta n of the bonds that may
The denomination n dates of maturity. Of q bonds issues hereunder
shall be determined by h Governor, State Treasurer n Secretary OF State
~ such bonds hal mature in lot less than i've o. more than twenty years
tfcm their dates and hall draw interest interest at ma 2 = rate ate not ties to e1@sd six per cent
shall be- together with HI interest thereon exempt from taxation
Such ono shall be negotiated, sold nj delivered by he oniias herein
further authorization BY statute; and. the proceeds thereof shall b placed in
III state treasury to be isbursed ony, for tn purpose tor which such bonds
are authorized n then only a provided by w q. $3.50. @.# #@I%.#
b state ressuTs hall rsportto the State ,5 BOARD OF Eauanzstion annually
a annnuany hMereana a suTicients state tx n ali taxable pronerty within Is
create = snkins fun .ualeient g payt the priaspai q such onds At nsturity:
North Dakota, the Mill IN Elevator Association or III Home Building Assoca-
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fter consider such credit to an such nking fun in determining the rate IT
tax lev necessary for such sinking fund purpose Hill, !. ~ @
40, Every La s n1a thSI1a 3 Z th Ie s diss9e s ao e re eenreo ny y leyyin moe oT a5 NJ 1pon
las or make ofher provision sufficient to pay this Interest semf-annuaMy, nj
the principal within thirty years. from, the dates OF such hends p shall spscih-
sg mHpo 81 such principal and interest,". and such appropriation shall not 5
renealed nor thu tax Of III provisions isconfinhed untls uh debt both
- he holder Of any bono Of bonds issued hereunderSis granted TIL right to-
,me fe' state FOR tn principal or INTEREST," not paid 1T maturity. I '~-E|4
80 No indehtedness other tina that which is herein provided for shall be5
,rc, rwen e4Mccenf frt the purpose OF repeiingi invasion, suppressing nsurrectin
defending Thu state in time of var or to provide Tor thu public defense in caeA
II hreaten hostlnies ###@G% >#.#@##@# M&. %@%IE#H @@.
said consultations amendment be approved # * %#&5@###I$.4s#