The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1931-10-16
PROPOSED AMENDMENT TO THE
CONSTITUTION OF OHIO.

Proposing to amend the constitution of
Ohio by adopting section to be desig-
mated as section 2b of Article VIII Of
said constitution 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 directing the
levy of taxes sufficient to pay the inter-
est and principal thereof.
Amount of Bonds Authorized TO be Is
sued $7,50O,OoO.
Maximum Rate of Interest $50 Per An
hum.
These Bonds to be Issued between
November 4, 1891, and July 1. 1882.
Be 4 resolved By the Genera, Assembly OF
the State of Ohio. three-ffths of all
the members elected to each house
s.o..l thereof az agreeing thereto:
the electors of the State of Ohio. for their
approval or rejection, at the general election
on the Tuesday after the first Monday in
November, 1891, a proposal to amend the
bs 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.
ment, proceed to issue and sell at public
sale, from time to time, under such regula.
lions 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 hve per cent per annum, payable semi
annually. and maturing in ten equal annual
lnstailments commencing not later than the
hrst 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
1anuar 1943. The proceeds of the sale of
such bonds shall be paid into the treasury of
the State of Ohio to the credit of fund
therein to be known as "rhe State Welfare
Rehabilitation Fund. Said fund shall be
expended without appropriation by the Gen.
erai 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 OF
new welfare and penal institutions of the
state and tor 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
the state. treasury, available by law for
appropriation for the purposes for which said
bonds shall have been issued shall without
appropriation by the General Assembly, ne
pad out upon the order of the said "The
Commissioners of the Sinking Fund to the
extent necessary; but the General Assemble,
may make appropriations for such purposes
out of any such funds. which appropriations
80 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.
mcnt of said bonds. Upon the retirement
ct all OF said bonds and the payment of all
the interest thereon said "rhe Commissioners
OF the Sinking Fund" shall render final
report to the General Assembly The pro
visions Of this section shall be self lf-executine
Section 2. The secretary of state. in the
manner provided by law shall prescribe the
f. IN OF the ballots to be used at the election
mentioned in section ] 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 to be
issued.
Adopted june rs. 1881.