The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1931-10-09
PROPOSED AMENDMENT TO THE
CONSTITUTION OF OHIO.

Proposing to amend the constitution Of
Ohio by adopting q section to be desig-
mated AZ section 2b of Article VIII of
said constitution for the purpose 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
thereof, and the purchase of land for
the use of the welfare institutions of
the state; and to that end auth orizing
The issuance Of bonds and directing the
levy Of taxes sufficient to pay the inter-
est and principal thereof.
Amount Of Bonds Authorized to be Is
sued - 500, 900.
Maximum Rate Of Interest sqo Per An
mum.
These Bonds to be Issued between
Novembsr 4, 1891, and July l, 1882.
Be = resolved By the Ceneyai assembly o,
tks State Of Ohio, three-ffths Of ali
the members elected to each house
thereof agreeing, thereto:
:, Section l, There shall be submitted to
approval or rejection, at the general election
on the Tuesday after the first Monday in
November, 1881, a proposal to amend the
constitution Of Ohio by adopting section to
be designated as section 2h of article VIII
o. said constitution, reading as follows:
ARTICLE VIII
Section %. 1.-The Commissioners of the
SINKING Fund" created in this article shall
forthwith upon the adoption Of this amend.
ment, proceed to issue and sell at public
t'oos as they may by order promulgate, for
not less than par and accrued interest, not
to exceed the total sum of seven million five
hundred thousand dollars of bonds of the
State OF Ohio, bearing interest at not to
exceed five per cent per annum, payable semi
annually. and maturing in ten equal annual
lnstaiiments commencing not later than the
nrst day, OF January. 1884. and not earlier
any such bonds No such bonds shall be
ISSUED TO mature later than the first day of
Januarv 1943. The proceeds of the sale of
such bonds shall be paid into the treasury of
the State Of Ohio to the credit of a fund
Rehabilitation Fund" Said fund shall be
expended without appropriation by the Gen.
eTai Assembly, but subject to approval and
allotment by the emergency board for the
purpose OF supplying funds as determined
By the director of public welfare, for the
construction and repair of buildings, 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 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
the state treasury, available by law for
apPIopTIatlOn 1of the purposes tor which said
bonds shall have been issued shall without
appropriation by the General Assembly, he
paid out upon the order of the said "The
Commissioners of the Sinking Fund" to tho
extent necessary; but the General Assembl,
may make appropriations for such purposes
out OF any such funds. which appropriations
% made shall be first exhausted, before any
unappropriated 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
the interest thereon said "The Commissioners
OF the Sinking Fund" shall render final
report to the General Assembly The pro-
visions ct this section shall be self lf-executing.
Section 2. The secretary OF state, in the
manner provided by law. shall prescribe the
form of the ballots to be used at the election
mentioned m section l hereof for the sub
mission Of the proposal therein provided for;
but said ballots shall distinctly state the
amount Of bonds authorized to be issued the
period within which they may be issued,
the maximum rate of interest thereof and
the purpose for which the same are 10 be
issued.
Adopted June Is, 1881