The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-10-20
CONSTITUTIONAL AMENDMENTS
DEBT LIMIT-BOND ISSUES

##@ @###%# DCDA AAmA1-0UNO ISSUES .####.a##@#a#
&C.; 90 a. .sasas's es ss. ss's .a1 assss.: .s,. sss sa.' ss'1 Sass
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. s :' 81 y e e :: :.s ss:sii i |: ::. s$s: ss s;:: e 9 !: Isl; ;:s .sss: :: s. security 70 - s. s.
,.... s: = sell ; .ss , ssss ss sss s:;,. ss ssr5 Bs:s:s s:s~ AZ secretary o state nay
rs, $: |$$' i: !: Il: !: 81; $ !: 5 !: |! )! !: i !; ; ! ; & |; as s.: $ !; !; $; S. u.s.: = | IS; S.: J. :: ): ): : e.; :: IA; -:
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ss %5 5%s: s ~ :e a 9 !$sa SCI :s e = i sss%ss q e s sssss n 4 SO. Il: essssss r s4 at es&::
; $$:;ss:sss; !. & s$%7 q :: : : ' e; 81 = s: az: & e :. : :si q. { ! ''i:s!!' s S:s'; 81 e s : 4. =
g; !: g, $ g :$s -: !; i NV : 4 !: \ 4 3 3: 81: I: !: a: ::; : = II Z I: Il u !: j i$;:: :; ]: $50: Il &
&: $:;:: e: !: +; 81: ;;: 81: "a: 4: !: 4: Z; ;$ $ e.: ]: : IS: &: !; ; al ::;;|:: :s. i !: i 's:: ;';3 :; !: : !: ): i. : = :;
IN Gasss s" IN cas-. q d &c asass It 81 s's /. +: ss. ss the state FOR collection Of principal
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BE IT ENACTED BIZ THE PEOPLE OF THE STATE OF NORTH DAKOTA:
.:$ !: ss Z ST. +: /: !: . & e; s$ mt g q y sesss:'sss.sssa ' &: .~ Rss:s, : q
sss::: : ~; !: i:a$ "a: !; s ; =: I: & : Al: ::: :: 4 !: ETH !; 4; i 4: !$ :s:' ! !; 81: Is !: ~; =: :
ss s;$s;;; $ $$$ :ss FL ~ ;$ s. :: :$i$;;; & $;::$ :: &: :;; !: 3 IS: !; !; s, ;' / I + ; $$ ;$; :: $s:;i.:: Il;
payment menu: Is # tn ts s.B ss: M s. st ssss ss z 81 3 s, sss Y;ssss' to e' ''sa IN
s = ,:;;:$ ): !: !; ss: i Z: 81; s:'':;::| e. e; ;:$ !; /; :::':s;; i e. 8: & s ~ $ 81 I: !: S ii;;:::;; s:as sf::
e s.s5 S:s{ ts$ @::s$ s1R e. + s &C.: i::1z 4.ss' :: ;is:s ';: :: z: ::'s q : , s$s !: !, 70 s.s,s! &;
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government showing he amour O. bonds then SO found necessary Like
aotices shall be giyen. with reference to ths Issuing Of all Of the bonds that may
The denomination n dates of maturity of any bonds issues hereunder
shall be- determined by thu Governor State Treasurer Secretary of State,
but such bonds shal mature in not less than five IT more than twenty years
fs%n tnar a1 aaassa nsy. s1sn s dnaw dn asryt = 2 ; ga sm % Ct ito no oe1 Ies tb sn Pps 81 G IN
shall be, together with h interest thereon exempt from Taxation -&.a@
such bonds shall be- negotiated, sold and delivered by the OFFICIALS herein
; |: s.; $ :$I:::: 4 8; ]: { s:!S ;:;: 81 s! 81: &; !: 4 $ $::;;$:: & *: .S$$$Ss$: e i!$; s$:s;;:
arr authorized n then ny as provided by law. AH.H.-1 .%Z4@@3&#.-&
h State Treasures shall eport to The State oardo { Equalization annually
rate IT. interest N the date OF maturity thereof n such Board sha levy
annually thereafter . sufficient state tax n q II taxable property within the
create a sinking fun sunicient T. pay the rlncipalo Of such bonds at maturity
North Dakota tn Mill an Elevator Association or the HON Building Assocac
Isl e : ! ;; !: !: d :: II; !; '$ $$ ; $s$ 3 !; + :s s$;; J; :$ $:;s s: !: s. !; !: $ ; - $$ + Is 3 s: - S !: s
Every law authorizing a ond issue to be secured by first mortgages upon
real estate, as provided by this section shall require the levyinE OF an annual
al. or make other provision sufficient to pay the interest semf-annuaMy n
Che, PRINCIPAL Mhin thirty years from rom he h sda de o9 Ct s n.S dhgGpnaddsn ad shall aRsga.
payment of scn prlncipa tan hc n moeIss.n A da sc suGi 2ro nnth ech sna aaht not Pc
Principal I'M Interests shall have beenp paid. a I
.a IN stef for te principe or interest If not pad at maturity.
Nd indebtedness other hi hat which is herein provided for shall be
incurred except. for the purpos o repeling inw un ms pprsssine a.urrsotion
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