The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-09-28

HOUSE JOINT RESOLUTION NO.
Be II Rssolysd By. the Senate and House
Of Representatives Of the State Of Washing
ton. in Legislative Session Assembled:
That, at the general election to BE- held IN
che first Monday Of November. 1914. there
shall be submitted 70 the qualified electors
Of the state. for their approval and ratihee-
ton. or rejection, an amendment to Article
VII Of the State Constitution. to be added
read as follows:
Section 2. Except - hereinafter provided
and notwithstanding any other provision Of
chi. constitution. the aggregate Of al tax
the state and all taxing districts now exist
Ing or hereafter created. shall not IN any
year exceed forty mills on the dollar Of
assessed valuation. which assessed valuation
shall be fifty per centum Of the true and
fair value OF such property In money: Pro-
Vided. However. That nothing herein shall
prevent levies at the rates now provided by
law BY or tor any port or public utility dis.
purposes Of this section shall mean any Do
litical subdivision, municipal corporation,
district, or other governmental agency au-
thorized by law to levy, or have levied for
. port or public utility district. Such az.
gregate limitation or any specific limitation
imposed by law in conformity Herewith
may be exceeded only
Y
eally authorized so to do by majority Of
at least three-ffths Of the electors thereof
voting on the proposition to levy such adj
ditional tax submitted not more than twelve
months prior to the date on which the pro-
posed levy is to be made and not oftener
than twice in such twelve month period,
either at a special election or at the regular
election OF such taxing district. at which
shs Constitute on no. vS ss, ON
forty percentum Of the total number Of
votes cast in such taxing district ut the last
preceding general election;
A. lb) BY any taxing district otherwise su-
thorized by law to issue general Obligation
bonds for capital purposes, for the sole pur-
pose OF making the required payments Of
principal and interest on general obligation
bonds issued solely for capital purposes.
when authorized 80 to do by . majority Of
at least three-ffths Of the electors thereof
voting on the proposition TO issue such
bonds and to pay the principal and interest
thereon tn BY an annual tax leyy. in excess Of
the limitation herein provided during the
term OF such bonds. submitted not oftsner
than twice In any calendar year. at an elee-
ton held IN the manner provided BY law for
which election the total number Of persons
voting on the proposition shall constitute
not less than forty percentum Of the total
number OF votes east In such taxing district
at the last preceding general election: Pro
Stdsd, That any such taxing district shall
have the right BY vote Of it, governing BODY
70 refund any general. obligation bonds Of
said district issued for capital purposes
only, and TO provide for the interest there.
on and amortization thereof by annual levies
in excess Of the tax limitation provided for
herein. and Provided Further. That the pro-
visions Of this section shall also b subject
70 the limitations contained In Article VIM.
Section s. Of this constitution;
(el BY the state OF any taxing district
for the purpose Of paying the principal e.
Interest on general obligation bonds out.
standing on December 8, 1884: or for tie
purpose Of preventing the impairment q
the obligation OF contract when ordered
20 to do By . court Of last resort
AID Be H Further RssolSsk, That The