Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-10-01
PROPOSED AMENDMENT TO TT
CONSTITUTION OF ONO

PROPOSED .AMLN')MENI TO
CONSTITUTION OF ONO
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= -'.,,os;ng to amend the consti i.:on Of
Ohio by adopting a section to be de3ig-
cated section 2b Article va o.
said constitution tor the purpose OF
authorizing the contracting Of debts o.
the state in an ags:Sgate amount not
exceed" s-rcn miller FIVE hundred
thousand dollars to supply funds for
the coGstructioa and repair of build-
irTs, the cquipme~t and furrishirn
thereof. and the purchase of land for
the u5e c! TIE welfare institutions Of
the state; and to that en-. authorizing
the issuance of bonds and directing the
levy of taxes sufficient TO pay the inter
est and praciHsl thereof
Amount of Bonds Authorized to be Is
sued $500 o00
Maximum Rate of Interest So Per An
shsse ~;onds to be Issued between
November d, 1881. and July /. 1882.
Be IT yeso.gca BY the Genera assembly, "
the State 0t OHIO three -hfths of all
the members elected to each house
thereof agreeing thereto
Section There shall be submitted to
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. 1881. a proposal &c amend the
constitution Il Ohio by adopting section 10
OF SAID constitution. reading follows:
ARTICLE VIII
Section 2D. The Commls 5oners OF the
Suldng fund created in this article shall
tortaWith upon the adoption OF this amend
fncnt, proceed to issue and sell at public
sale, from time to time under such rcgula
tons as they may by order p-emugate. for
not less than par and accrued interest, not
~ exceed the total sum of seven million five
hundred thousand dollars Of bonds Of the
State OF Ohio hearing ar
exceed five Per cent per annum. payable semi
annually and maturing in ten equal annual
lnst24.ments commencing not later than the
hrs. day OF January, 1884. and not earlier
than eighteen months after the issuance 1t
an" such bonds. No euch bonds shah be
issued 70 mature later than the first day Of
tatu IT'S The. proceeds Of the sale Of
such bonds shall be paid into the treasury Of
the State 81 Ohio 70 the credit Of fund
therein to be snown As THE State Welfare
Rehabilitation Fuud" Said fund shall oe
expended without appropriation by the Gen
etal Assembly. but sab ect TO approval and
allotment By the emergency board. for the
purpose OF ir2syinE funds as determined
by the director ot paelic welfare. for the
construction and repair OF bindings. the
equipment and furnishing thereof and the
purchase Il Land for the use of existing d
new welfare and penal institutions of the
state and Tor no. other purpose For the
payment Of the interest on such ponds and
the lnstailmeuts of principal thereof as the
same mature. and 10 meet the expenses II
administration hereof any fund or funds m
the state treasury. available bv law for
APPROPRIATION for the purposes for which said
bonds shall have been issued shall without
2 preparation by the General Assembly. re
paid cut upon the order Of the said 1.-The
Commissioners Of the Sinking Fund 10 the
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
unapproprated moneys shall be Sc 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 al
the 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
I, m 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 Is. 1881.