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Legislative action that proposed this amendment: HJR2 1911 Regular Session
Disposition: Voters rejected this proposed amendment.
Amends article 14, section 4
When authorized to create indebtedness as provided in Section 3 of this Article, no county shall become indebted to an amount, including existing indebtedness, exceeding two per centum. No city, town, school district, or other municipal corporation, shall become indebted to an mount, including existing indebtedness, exceeding four per centum of the value of the taxable property therein, the value to be ascertained by the last assessment for State and County purposes, previous to the incurring of such indebtedness; except that in incorporated cities the assessment shall be taken from the last assessment for city purposes; provided, that no part of the indebtedness allowed in this Section shall be incurred for other than strictly county, city, town, or school district purposes; provided further, that any city of the first class and any city of the section class having over 20,000 inhabitants, when authorized as provided in Section 3 of this Article, may be allowed to incur a larger indebtedness not exceeding four per centum additional and any city of the second class having less than 20,000 inhabitants and any city of the third class, or town, when authorized as aforesaid, may be allowed to incur a larger indebtedness not exceeding eight per centum additional for the purpose of supplying such city or town with water, artificial lights, or sewers, when the works for supplying such water, lights, or sewers shall be owned and controlled by the municipality.