The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1931-10-23
PROPOSED AMENDMENT TO THE
CONSTITUTION OF OHIO.

Proposing to amend the constitution of
Ohio by adopting section to be desig.
mated ~ section 2b of Article VIII Of
authorizing the contracting Of debts Of
the state In IN aggregate amount not
exceeding seven million Ave hundred
thousand dollars to supply funds for
the construction and repair of build S
inss, the equipment and furnishing
thereof, and the purchase Of land for
the use Of the welfare institutions Of
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 ~ SOC, 600.
Maximum Rats Of Interest SO Per An
mum.
These Bonds to be Issued between
b yssoIyed By the General assembly oJ
tks .Stots Of Ohio, three-6fths OF al
the members elected to each house
sec. TBese TffBssss SHAH lnere.0 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
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 %. "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
tons a. 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
annually. and maturing in ten equal annual
Ter fhar he
hrst day OF January, 1884. and not earlier
than eighteen months after the issuance of
any such bonds. No such bonds shall be
issued 70 mature later than the first day of
lanuar 1913. The proceeds of the sale Of
such bonds shall be paid into the treasury Of
the State Of Ohio to the credit of fund
Rund sas aas Sasf ss Msass ss
expended without appropriation by the Gen.
eral Assembly. but subject to approval and
allotment by the emergency board, for the
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 u
state and for other purpose For the
payment of the interest on such bonds and
the instailments of principal thereof. as the
same mature, and to meet the expenses If
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. withou,
appropriation by che General Assembly, ne
paid out upon the order of the said "The
Commissioners of the Sinking Fund to thu
extent necessary; but the General Assembly
may make appropriations for such purposes
out OF any such funds. which appropriations
20 made shall be frst 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 retremen,
Of all of said bonds and the payment of al
the interest thereon said "The Commissioners
of the Sinking Fund" shall render a final
report to the General Assembly. The pro
visions Of this section shall be self-executne
Section 2. The secretary Of state. in the
manner provided by law. shall prescribe the
+. 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.