Iowa Its Constitution And Laws
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The amount of liability so created shall not be counted as a part of the in- debtedness authorized by the second section of this article.
Sec. 4. In addition to the above limited power to contract debts, the State may contract debts to repel invasion, suppress insurrection, or defend the State in war ; but the money aris- ing from the debts so contracted shall be applied to the pur- pose for which it was raised, or to repay such debts, and to no other purpose whatever.
Sec. 5. Except the debts ...hereinbefore specified in this article, no debt shall be hereafter contracted by or on behalf of this State, unless such debt shall be authorized by some law for some single work or object, to be distinctly specified therein ; and such law shall impose and provide for the collection of a direct annual tax, sufficient to pay the interest on such debt, as it falls due, and also to pay and discharge the principal of such debt, within twenty years from the time of contracting thereof ; but no such law shall take effect until at a general •election it shall have been submitted to the people, and have received a majority of all the votes cast for and against it at such election ; and all money raised by authority of such law shall be applied only to the specific object therein stated, or to the payment of the debt created thereby ; and such law shall be published in at least one newspaper in each county, if one is published therein, throughout the State, for three months preceding the election at which it is submitted to the people.
What to read after Iowa Its Constitution And Laws?
You can find similar books in the "Read Also" column, or choose other free books by Silas Matteson Weaver to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The amount of liability so created shall not be counted as a part of the in- debtedness authorized by the second section of this article.
Sec. 4. In addition to the above limited power to contract debts, the State may contract debts to repel invasion, suppress insurrection, or defend the State in war ; but the money aris- ing from the debts so contracted shall be applied to the pur- pose for which it was raised, or to repay such debts, and to no other purpose whatever.
Sec. 5. Except the debts ...hereinbefore specified in this article, no debt shall be hereafter contracted by or on behalf of this State, unless such debt shall be authorized by some law for some single work or object, to be distinctly specified therein ; and such law shall impose and provide for the collection of a direct annual tax, sufficient to pay the interest on such debt, as it falls due, and also to pay and discharge the principal of such debt, within twenty years from the time of contracting thereof ; but no such law shall take effect until at a general •election it shall have been submitted to the people, and have received a majority of all the votes cast for and against it at such election ; and all money raised by authority of such law shall be applied only to the specific object therein stated, or to the payment of the debt created thereby ; and such law shall be published in at least one newspaper in each county, if one is published therein, throughout the State, for three months preceding the election at which it is submitted to the people.
What to read after Iowa Its Constitution And Laws?
You can find similar books in the "Read Also" column, or choose other free books by Silas Matteson Weaver to read onlineMoreLess
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