Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-10-29
PROPOSED AMENDMENT TO the
CONSTITUTION OF OHIO

p ooosing to amend the cons titution of
ONO by adopting section to be desig-
mated as section 2b of Article VIII of
said cons stitution for the purpose of
authorizing the contracting of debts of
the state in an aggregate amount not
exceeding seven million five hundred
thousand dollars to supply funds for
the construction and repair of build
ings, the equipment and furnishing
thereof. and the purchase of land for
the use of the welfare institutions of
the state; and to that end authorizing
the issuance Of bonds and direc ting the
levy of taxes sufficient to pay the inter-
est and principal thereof.
Amount of Bonds Authorized to be Is
sued 81 100000.
Maximum Rate of Interest so Per An
mum.
These Bonds to be Issued between
Be st ,esoived by the Genera Assembly of
the State. of Ohio, three -ffths OF ali
the members elected to each house
thereof agreeing thereto:
the electors of the State of Ohio, for their
approval or rejection, at the general election
on on the Tuesday after the first Monday in
November, 1881, proposal to amend the
constitution OF Ohio by adopting a section to
be designated as section 2b of article VIII
of said constitution, reading as follows:
ARTICLE VIII.
Section 2b. 'The Commissioners of the
Sinking Fund created in this article shall,
forthwith upon the adoption OF this amend
nent proceed to issue and sell at public
SALE from time to time. under such regula-
tons as they may by order promulgate for
not less than par. and accrued interest, not
hundred thousand dollars of bonds of the
State of Ohio. bearing interest at not to
exceed hve per cent per annum, payable semi
annually, and maturing in ten equal annual
first day of January, 1884. and not earlier
than eighteen months after the issuance Of
any such bonds. No such bonds shall be
issued to mature later than the first day of
such bonds shall be paid into the treasury of
the State of Ohio to the credit of fund
therein to be known as "The State Welfare
Rehabilitation Fund" Said fund shall be
eral Assembly. but subject to approval and
allotment by the emergency board, for the
purpose of supplying funds determined
by the director of public welfare, for the
equipment and furnishing thereof, and the
purchase of land for the use of existing or
new welfare and penal institutions of the
state and for no other purpose. For the
payment of the interest on such bonds and
the installments of principal thereof as the
same mature, and to meet the expenses Of
administration hereof any fund or funds in
,1s s,as by a for
koo~S
bonds shall have been issued shall. without
appropriation by. tie General Assembly, ne
paid out upos the order of the said "The
Commissioners 1t the Sinking Fund 10 the
extent necessary; but the General Assembly
may maize appropriations for such purposes
e',t of any such funds, which appropriations
50 made shall be first exhausted, before any
unappropria.ed moneys shall be so with
drawn. The full faith and credit Of the
State Of Ohio is hereby pledged for the pay.
ment of said bonds. Upon the retirement
of all Of said bonds and the payment Of all
tie interest thereon said "The Commissioners
of the Sinking Fund" shall render final
report to the General Assembly. The pro-
visions Of this section shall be self-executing.
Section 2. The secretary Of state, IN the
manner provided by law. shall prescribe the
fern Of the ballots to be used at the election
mentioned in section hereof for the sub
nission of the proposal therein provided for;
bat said baliots shall distinctly state the
amount Of bonds authorized to be issued, the
period within which they may be issued,
the maximam rate of interest thereof and
the purpose for which the same are to be
issued.
Adopted. Ju1e IS. 1881.