Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1931-03-12
BY THE GOVERNOR OF THE STATE
OF MONTANA-A PROCLAMATION

tana has passed House Bill No. 49,.
entitled:
An Act known as the State High
way Treasury Anticipation Debenture
Act of 1891 and authorizing the is
suanee of debentures of the State of
Montana in the principal sum not ex-
ceeding six million (S6,000,000) dol
lars for the years 1881 to 1884, inclu-
sive, and not to exceed one million
five hundred thousand Isl, SOC, 900
dollars in any one of said years, and
providing for the sale thereof for the
use of the State Highway Funds for
the purpose of assuring the ability
of the State of Montana to secure any
moneys made available by the Act of
Congress in reference to highways,
and for other highway purposes; pro-
viding for tax on gasoline or motor
fuels and anticipating the revenues
therefrom; prescribing the form and
terms and conditions of said deben-
lures and interest thereon and the
dates of their maturities; calling a
general elections for the submission
of this Act to the people and providing
the method for referring the question
of the issuance and sale of said de-
bentures to the people at general
election and prescribing the registra-
ton for such election, and prescrib-
ing the method for holding such gen.
eral election and appropriating moneys
from the State Highway Fund to pay
the cost thereof; providing a method
by which the State Treasurer may
purchase said debentures and provid-
ing that said debentures may be ac-
cepted as security for the repayment
of public moneys; prescribing the con-
ditions under which the sale. of such
debentures may be made and the use
of the funds to be derived from the
sale of such debentures, prescribing
the amounts and years respectively in
which said debentures shall be due and
payable; providing for the repayment
of both principal and interest of such
debentures and for the pledging and
setting aside of sufficient amount of
said excise or license tax on gasoline
or motor fuels to pay the same from
the State Highway Treasury Deben-
ture Redemption Fund herein created:
providing for the cost of such general
election and for the cost Of advertising
the sale of said debentures; providing
for the creation of a liability binding
the State of Montana not TO reduce
the license tax on gasoline or motor
fuels until after accrual of sufficient
moneys to pay the said debentures and
interest: defining the duties Of cleo
ton officials hereunder and provid-
ing penalties for violations of the cleo
ton provisions of this Act and
Whereas. Said House Bill No. 450
was approved by the Governor on tie
third day of March, A. D. 1881.
Now. therefore, |, j. E. Erickson,
Governor of the State Of Montana, UNI
der and by virtue of the authority
vested in me by the Constitution and
Statutes and by said House Bill No.
45O. do hereby declare and proclaim
that on Tuesday. the fifth day of May
A. d 1881, there will be held in the
STATE of Montana a General State
wide Election by the qualified voters
of said State for the purpose Of ex-
pressing their approval or disapproval
of said House Bill No $50 and of the
proposition of the issuance of the pro-
posed State Highway Treasury An
ticipation Dcbentures: said election
date having been fixed in said House
Bill No. $50
Said election shall be held at the
usual precinct polling places in every
county Of the State Of Montana on the
date aforesaid.
The form Of the ballot used at said
General State-w wide election shall in
clude the title of said House Bill No
$50 as hereinabove given, and below
said title there shall be printed on the
ballot:
For the above entitled Act
Il Against the above entitled Act
Registration for said General State
wide Election shall close, as provided