Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-10-15
PROPOSED AMENDMENT TO TnE
CONSTITUTION OF OHIO

Proposing to amend the constitution of
Ohio by adopting a section to be desig-
mated as section 2b of Article VIII of
said constitution for the purpose of
authorizing the contr ting of debts of
the state in aggregate amount not
exceeding 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 auth orizng
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 $7,5oo,Ooo.
Maximum Rate of Interest SO Per An
These Bonds to be Issued between
November 4, 1881, and July /, 1882.
Be It ,es0iged BY ,the General assembly or
the State Of Ohio, threehfths Of all
the members elected to each house
thereof agreeing thereto:
Section l. 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 to amend the
constitution of Ohio by adopting 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
1nent, proceed to issue and sell at public
sale, from time to time under such regula-
t1ons as they may by order promulgate, for
not less than par and accrued interest not
70 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
lnstallments commencing not later than the
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
Januar 1913. 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
therein TO be known as THE State Welfare
Rehabilitation Fund. Said fund shall be
expended without appropriation by the Gen
eral 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 1r
new welfare and penal institutions Of the
state and for no other purpose. For the
payment OF the interest such bonds and
the installments 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 Tor the purposes tor which said
bonds shall have been issued shall without
appropriation by the General Assembly, y.,,,, Pc
Commissioners of the Sinking Fund to the
extent necessary; but the General Assembly
may make appropriations for such purposes
out of any such funds, which appropriations
so 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 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
f rm 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.