Ottawa County news. (Port Clinton, Ohio) 1931-1956, 1953-10-23
WORLD WAR I BONUS

WORLD WAR ] BONUS
Proposing to repeal section "a OF AT
ticle VIII of the constitution OF the
state of Ohio relative to World war
i Bonus Compensatory.
Be 1t further resolved by the General
Assembly of the State of Ohio, Three
Fifths of the members of each house
concurring therein:
That there shall be submitted to the
electors of the state, for their approval
or rejection at the election to be held
on the first Tuesday after the first
Monday in November, 1853, propose!
the constitution of the state of Ohio.
Said proposal proposes to amend the
constitution of the state of Ohio BY
repeating section "a of Article VIII.
which reads as follows:
ARTICLE VIII
Sec. "a. THE Commissioners of the
Sinking Fund. created in this article,
shall forthwith upon the adoption of
this amendment, proceed to issue and
sell from time to time, under Buch
regulations as they may by order pro.
mulgate, for not less than par and
accrued interest, not to exceed the
total sum of twenty-five millions
ISIS, GOO 000.00) OF dollars of the bonds
of the state of Ohio, bearing interest
at not to exceed five and one-half
per cent per annum, payable semi
annually, and maturing in twenty
equal Seni-annual inStallments, COM
mencing not later than the first day
of April, 1923. Such bonds and the
interest thereon as income shall be
exempt from all taxes levied by the
state of Ohio or any taxing district
thereof. The proceeds of the sale of
said bonds shall be paid into the
treasury of the state OF Ohio, subject
to be paid out. without appropriation
by the General Assembly upon the
order of the said 1.-The Commissioners
of the Sinking Fund, the same to be
known az The World War Compen-
sation Fund" The said THE Com
missioners of the Sinking Fund" shall
by their certificate filed with the audi
for taxation, in the year 1922 and
thereafter during the life of such
bonds. in addition to all other taxes
now or hereafter provided by law.
such amounts annually as shall be nec-
esSary, as tax levy for the retirement
of said bonds, and the payment of the
interest thereon; and said levy may
also provide for the payment of the
expenses of administration hereof.
Such levy shall not be considered in
applying any limitation on aggregate
tax rates now or hereafter provided
by law. Said taxes when received shall
be paid into fund in the treasury of
the state of Ohio to be paid out with
out appropriation by the General AS
sembly upon the order of the said
LIE OI lIlG
Fund" for the purpose of the payment,
or retirement in other manner. of the
said bonds, interest thereon and eX-
penses of administration hereof. AS
soon as may be, the said "The Com
missioners of the Sinking Fund" shall,
under such regulations as they may
from time to time promulgate. pay
out of said fund to persons resident in
Ohio at the time of the commence
ment Of service who served honorably
on active service in the army. navy.
or marine corps of the United States
of America. or being also citizens of
the United States, in similar forces
of any of the governiEtn3S associated
with the United Statsg IN the world
war. with the rank or grade of not
marine corps. or corresponding grade
in the navy, between the dates Of
April 6, 1917, and November IL, 1918, or
their heirs at law, adjusted compensa-
ton for their full period of active
service to, the date of separation there
per month, but not to exceed two
hundred fifty (S250.00) dollars. No
payment shall be made to any such
person. who refused on conscien-
tious, political or other grounds TO
subject himself to military discipline
who, while in such service, was Sepa-
rated therefrom under circumstances
amounting to a dishonorable dis
charge. The said ''The Commissioners
of the Sinking Fund" by order shall
make regulations; providing for the
assignment and payment of the whole
or part of any such payment to fund
to be retained by the said THE Com
mlssioners of the Sinking Fund" for
the purpose of erecting and maintain
ed for that purpose, hospitals for the
relief of veterans of the world war;
providing against any other sale a
assignment or fees charged for the
collection OF said amounts; providing
against the enforcement of the claims
of creditors as against such payments;
imposing penalties for violations of
such regulations: fixing from time to
time limitations for the presentation
of claims for said payments: providing
for the contracting and paying of the
necessary expenses of administration
hereof and such other regulations as
are deemed necessary and proper for
the administration and payment of
said fund. The full faith and credit of
the state of Ohio is hereby pledged
for the payment of said bonds. The
people of the. state of Ohio hereby
declare that they have enacted this
special amendment to meet the spe-
c1fic emergency covered thereby and
they declare it to be their intention
to in no manner affect or change any
VI LIlG GhlStlftB PROVISIONS OF CI1lS con-
stltution except as herein set forth.
The provisions of this section shall be
self-executing. Upon the retirement of
all of the said bonds and payment of
all claims presented within the limita-
tlons of time as prescribed as aforesaid
the said THE Commissioners of the
Sinking Fund" shall render final re-
port to the General Assembly and any
balance remaining In the said funds
shall be disposed of as shall be pro-
vided by law
SCHEDULE
The above proposal shall be placed
on the official ballot in such form as
the secretary of state shall prescribe.
If the votes for the proposal exceed
those against 1t, section "a of Article
VIII of the constitution of the state
OF Ohio shall be repealed.
UNITED STATES OF AMERICA
STATE OF OHIO
OFFICE OF THE SECRETARY OF
I. TED w BROWN, Secretary of
State of the State of Ohio. do hereby
certify that the foregoing is a true
Senate Joint Resolution 5. Senate Joint
Resolution 80. House Joint Resolution
81. and House Joint Resolution "a. filed
In the office of the Secretary of State.
and proposing to amend the above Sec
tions of the Constitution of Ohio.
IN TESTIMONY WHEREOF. have
hereunto subscribed my name and af-
fixed my official seal at Columbus
Ohio. this 10th day of August, 1858.
TED w. BROWN
Secretary OF State