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To APTICIE. n: at our sun cwsrxmzon.
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EITMMDHTEEHSWWMWEOFWM
That the following madmant to Article XII of the State
Genetitution. by adding thereto Section 18. yroviding that part of the
revenue derived from the lieeneieg of actor vehicle: ehell be need for
capital outh end debt eervice echool ptirpoecl and preecribin; the method
of distribution and use theruf. in hereby agreed to and shall be submitted
to the electors or the State for ratification or rejection at the next
general election to be held in 1952. ee follow:
SEGTIGZT 16 (a) an: beginnizg January 1. 1953. and for thirty
(30) yenre thereafter. the firet proceed: at the revenue: derived fro: the
licensing of motor vehiclee to the extent neceeeery to comply with the
provieione or this amendment. shell. as collected. be placed monthly in the
County Capitol 0:1th and Debt Service School Rind in the State 'Ereneury.
end need only as provided in thin Amendment. Such revenue shall be
distributed annually among the moral counties in the ratio of the number
of instruction unite in each county in each year computed as provided
herein. The amount of the tint revenues derived frm the licensing or
motor vehicle: to be :0 eat eeide in each year emi distributed ee provided
herein ehell be en amount equal in the aggrerte to the product of four
hundred ($100.00) dellare mltiplied by the total amber o: instruction
unite in ell the counties oo norich. The number of instruction unite in
each cmty ineech year for the put-pone of this Amendment ehell be the
gutter of (1) the number of instruction unite in each county for the school
fiscal year 19515-52 competed in the manner heretofore or hereafter provided
by general law. or (2) the number or inltruction units 1:: such county {or
the preceding school fiscal year computed in the manner heretofore or here-
after provided by general law and approved by the State Beard of Education
(hereinafter called the State Board).
Such and: w azwrnuua shall be adminxlterod By the State
Bout as now created; and constituted Jy Section 3 of Article XII of the
Constitution of norlda. For tic mum: of this Anondmnt. sud State
Board. as now constituted. shall caution. as a body corpmto during the '
11:. of m; lumen: and Jun Me an the power: provided 1r. :31. Anna.-
nent in addition to all other cmtltutianel am! statutory genera related. to
the purposes or this Moment her-tutor. or haroarter conforrod upon said
Board.
(b) 319.8%th in Aiitt'ion to it! other oonotitutiaal
0nd ctatntary revert. ma. tho When-t. control and supervision of the
pmooda a: thorut of womb domed from the naming a:
motor vehicles grained. tannin Mutton (a) haunt. Tho State Board shall
also have power, for the We of aha-$115113 £1de for the use of my
County Sum of Paw: Intmctup In new, building. constructing,
suturing. improving. or equipping capital outlay
projects for school Manon. to ism bonds or motor Vehicle tu anticipa-
tion certificaton, 12ml nu to bonds or motor vehicle to: anti-
eiptlon cortlficatoo to peg. mm. or refund any bands or motor vehicle to:
mt!cip.=t1on cartifiostal thomtofaro issued by 551:! State Board. All nah
bonds ohxll boar interest at not routing; six (6) per mntmn per mm and
shall mature serially in instalments commencing: not morn that three
(3) years from the (late of mm thereof and ending not later than
1. 1983. and out annual installment sin-ll not be lean than men
(3'), w contun of the total nan-mt of the lame. All such motor vehicle
Sax anti'cipationcortliicatai shall bear interest at not exceeding; at: (6)
991? an: pot who eat than mature prior to hum-:7 1. 1933. mm Stste
to (batman 111 other dotaila of said bond: or
out Which tu'intlciytl-on cannon one. to sell at public sale after
public advortiemont. or oxehmra said hand: or motor vehicle ta: antic-1pc.
tloo certificates. upon mob term and. conditions as th- State Board shall
provide.
no State Board shall also have powr to pledge for the Went
of the principal of and interest on such bonds or motor vehicle tax
anticipation cort'tflcatoo. including: refunding bonds or refunding motor
vohicln tax anticipation certificates. ell or my part from the anticipated
revenues to be derived. from tm~ ucenzing of motor vehicles provided for in
0-2
thie Amendment and to enter into any covenants and other agreement with the
holders of such bond or motor vehicle to: anticipation certificates at the
time of the issuance thereof concerning the eccnrity thereof and the rights
of the holders thereof. all of which covenante and agreements shall coup
stitute legally binding and irrevocable contracts with such holders and
shall be fully enforceable to such holders in any court of competent Jurie
diction.
no such bonds or motor Vehicle ta: onticipetion certificate: shall
ever be issued by the State Board.nntil after the adoption of e resolution
reqnelting the issuance thereof by the County Board of Fublic Instruction
or the county on behalf of which such obligations are to be issued. The
State Board is hereby authorixod in its discretion to limit the amount of
such bond: or motor vehicle tax nnticipetion certificates which can be
issued on behalf of any county to seventy-rive (75) per cent of the amount
which it detorninee can be serviced by the revenue accruing to the county
under the provisions of this Amendment. All such bonds or motor vehicle
to: anticipation certificates chell be issued in the name of the State Board
of Education but shall be issued for and on behalf of the County Board of
Public Inntruotion requesting the icluence thereof. and no election or
approVol of qualified electors-or freeholdere ehall be required for the
issuance thcr'of.
(c) the State Board shall in each your use the fund: distribut-
able pursuant to this Anendnont to the credit of each county only in the
fallowiog manner and order of priority:
(1) To nay all cmonnts of principal and interest maturimg
in each year on any bonde or motor vehicle to: anticipation
certificrtes leaned under the authority hereof, including
refunding bonde or motor vehicle tax anticipation certificrtee.
issued on behalf of the Board of Public Instruction of such
_oonntyz subject, however. to any covenant: or agreements mode
by the State Board concerning the rights between holders of
different issues of each henna or motor vehicle tax anticipa-
tion certificates. as herein authorized.
(2) To establish and maintain a sinking fund or funds to
:3-
n.-
'1L_:LA mtg-111., 1M.#H can" M--
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....;A
Li.
'JEI
. n'trr.
meet future requirenc;;ta {or debt service, ar rueerrez there
fcr. on b-n he or mazor vehicle to; mzticipmion certificates.
ieeued 0n b11315 of the Ema! or PxLli: "vuatirm 01 £1.03:
court-,3 unier the! authority hereof, whenever the Shah;
7.03%. shall deem it 3-120: ssary or advisae, uni 1:. 3.1221
:utu'amt: 3-2:] Imus-r 2.35. 22mm and at: 5it£:x:5 as the Ssste
Hoard 922.11 in its inceticn determine.
(3) To dig-tribute annually to the if?! S. Beards: of Public
Inetruzticrz of LEv: Gambit-'5 for use 3': gym-meg: cf debt
t-cwica on lac-:th E'Aeretxtforc or hereafter 19-31430 by any Bush
Beard than: t}::- proceeie of the bead; ware used, or :ra to
':e maul, in the'ccnetntcticn. acquisition, innrovemcut.
Mlergement. furnishhn, or eqdpping oz. amattal outlay
projects in anal; c-mmty. and wdch csultsl outing; grojaczs
.
have been apfraied by the Heard of Public lmtructin. 31'
the count-y, plxauzmt tc a atmox or surveys COl-L'JIOGCd
nsssauent to Jvlg 1, 1915-? in the (taunt... umber regulations
prescribed 5' the 31.2.39. Batu-d to :let-er:.ina the :c; 29.3.
Outlay needs of the cauazg;
I
The State Board.- rJusll have the pom: at thr- ttxc c;
133%:an cf [my 20"an 32 nag; Bccr of Public Inesructicn
tc cove.va rm! agree with such Baum} m to thlb rant: and
prim-14.3! of patient: to be maa for diffe'rsnt issues of
bands under tzzie 321:129ct1cm (3). am}. :33 further {(3175
that any antennae ;r: LN? 5.2 triimteu Under this Subsecticn (3}
a"! "Do :11'. :53. It: the ,iebt service on basis issucti by any
Board of Public Xnauucna nd for the ram}: and. priority
.
of much pledge. lazy mm}: covenants 31 :ggrccl'c M of the
State dosx'c. :r- in enforced by any hnldcru of such bonds
in any court nf c-tpetent jurieilstisn,
(4') La iistribute anmmny to the. several Beards of rum:
v
Inn'cntccion of the aunties 1'02: the gang-arm: cf tl'm cost of
the zone true1.1 0:1. acqui s 3. Li v.1, improvcnc at anlargem eat ,
trnlzhing, er equiyping; of C-uitll anus; pror'actc for
school purpocee in such county ee shell be requested by
resolution of xe County Board of Public Inc truction of
mob counto.
(5) when all meJor capital outlw need: or a county have
been met as determined by the State Board. on the busie of
e may made pursuant to remntione of the State Board
and cpproVed by the State Bond. all such funds remaining
shall be distributed annually end used for such school
purposes in such county as the Board of Public Instruction
of the county shall determine, or no may be provided by
general law.
(a) Capital new projects at a. county ehell be eligible to
participate in the mods accruing tender this W1: and derived {run the
proceeds of bomde and motor vehicle to: anticipation certificates and from
the motor Vehicle license tens. only in the order of priority of needs, as
chm by 3 survey or surveys conducted in the county under regulations
prescribed by the State Board. to determine the capitol outh needs of the
county and approved by the State Board: provided. that the priority of such
projects we; be changed from time to time upon the request of the Board of
Public Inetruotiou of the county and with the approval of the state Board:
Ind provided further, that this Subsection (6.) ehell not in any manner
effect any covenant. Agreement. or pledge made by the Stete Board in the
issuance w eeid Stete Board of w bonds or motor vehicle tex anticipation
certificates. or in connection with the ieeuence of em bond: of any Board
at Public Inetruetion of any county.
(e) the State Board may invest any linking mm or made created
sen-scent to this Amendment in direct obligations of the United Stetee of
Aeorice or in the bonds or motor vehicle tax anticipation certificates.
matured or to mature. issued by the State Board on behalf of the Board of
Public Instruction or any county.
(1') The state Board shall have power to make and enforce all rules
nd regulations neoeeeery to the full exercise of the powers heroin granted
end no legislation ehell be required to render thie Amendment of full force
end operating street from end after Jmmry l, 1953. The Legislature shell
-5-
not reduce the levies of aid actor Vehicle licence taxes during the life
of thin Wt to any degree which will foil to provide the mu amount
necessary to comply with the provisions of this Wot and pay the
necessary expenses of Motoring the 1m relating to the licensing of
motor vehicles. and than not'eneot any lent having the effect or withdrawing
the proceeds of such motor vehicle license to from the operation of this
Amundsent and shall not enact any law impairing or materially altering the
riyite of the holds" of any band- or motor vehicle to: anticipation ocrtiti-
cute: issued pursuant to this Amendment or impairing or altering any covenant
or Ingredient of the State Board. so provided in such bonds or actor vehicle
to: anticipation certificatol.
The State Board shall have purer to appoint ouch pereona and fix
their compensation for the administration of the provisions of this abundant
an it shell deal meooary. end the emotion of the State Board in adminie-
tering the provieiom of thie Amendment shell he prorated among the various
oountioe and paid out of the proceeds of the bonds or motor vehicle to:
anticipation certificates or fro. the mode attributable to each county on
the em basin as such notor vehicle licence tax are distributable to the
various counties under the provisiono of this moment. Interest or profit
on sinking ma invest-onto men accrue to the counties in proportion to
their respective equitioo in the sinking fund or made.
PAGE 1
Wt'EJITIt%.T ~2
PAGE 2
S'M 7::y-: .rio:tir:i ra=. e -:-: 'iEt.:red. ..sa:..a -... ---. ... :3<:;.!_0:5 -r.i: c.t-itt:~. ~-:: 30::-1-;. _'t c-' Art ic3-:s 21.2 ..: ---cdki.1 -d' "'t.e:'ifr:. ? .--:3-:17 =tic:= -T ..: --..;-,, 2:..1-.1 Si: -e -, an .:.:.2sistate.--, -.e.ti:-::e -r. -.: ;.-:wr--r o ::--ri .t .. e ::9: A:-:-:r--:e:n -:-e. ....c ::-il i.e. 7.2-:: e: .: -:.de A .+:t .. ---. '.a .2 ---.t :m. .i :e -et..1--i-..Tc r .3.e. -: 2 4 !. 3 A::.::: .a .C.'rr. --r :s r-.-. :--... -: -Str'tr e 2. ------1 -T -irer ya -:'1;. 4 --.--: -..T -. i. --... --r .--;i o -. -"or ieti--r. -----.--.t -ni--..-7 :-. --o F. E 1:-s. .c -.:-. .: 1 13. -t ----r -r-. -...-. s ------C --------c: -------.-. .-.:-r -.---: ---. s ------..--.-.--1----~ -.t c.t -. --: --.--:---------3r -_C : .. ---! -.-. --6. -P-cr '.---c. O C Mr'i-r 1. --. --t :--T---, Or t: 0 --. --c -.-:.ie::: :'ac .-.. .c--.ti :.7 :S r-. .r. -0 -3"<-.!'-.~ -n --7-|-2 :"::--I :. ----~ T -n" ir. -.a -: .'. -.....0 .---.
PAGE 3
thi 6 Ar10-1e imir? 17. E!s 7.cm of t:n -trira'--rd of ~~Geot i. :: but rart11 he is ad for sol en 120:-:=.1.7 af t:,e Co -1:7 rrd of 11.111e int tnie Lios recaer t i.:n the 5 wumco t:ne: af -.::ri .-..: -=.lee ti -,.-. a r: -=.r-rown1 :>f rurturi el elt:c -are or frecuou|ei::r-.11 -e re-2=:fr. r' -er f:e i!=rmaco t----y of (c) "he Gir..a ord shall is e'.e:. ge:rr -se: t:o: C ..'s: di--!-r!~,ratr!'-,1e ylrs:u: -:t t a tt s Alisond:grt to the crerit+, 7e : r:1 er.t;; ::7.17 1.2 t|-:e follwi-i nin.rsr nrf creer of -:wi n-1t ("d To my 911 muets of 1.ri :ci!>r.1 ert 1.-.torca 1::1-Iri -e i r. och year an agr b -.;id r ar riotor n'ich t :r e-it j.cier t in certifi e -t--s inued '1:lc C:e e..tir:ri ty al. re of i:-:e 1.arii -g r
PAGE 4
In-. _~2 tare: rr::.11-::ctie..I si for c~el:t up--r1r'0, n." r, zer-rer. L'aerrfor o-a 1-1 ::1:3 e:ma a::' vo~d cle to -.. x-.C.cly.', i on certi:'d ci-,te: Lu -:.ix] wi '-:-:212 ci Sw :.3:.::,:[ ur :: 6-_1:. ia --:-:Ms an .-:t 0 c_ :c-l'ta u.~3r the :32:7 -: ty Ecr:. of, '::ans:v:r + e =!1:r: : o r|1::5.-i bio enz::slig tc thi. gr''rc N... itcm'c 5 ci ~'n'.:T :: 3:s -,r-.uti .: -ry; :..:.. ace.-.it a for -:::e a ;:In';:.t ci cr.~.i; ri: vic 3 or. b:.r.de : e w:ri.ro:-c or ::cret st-r 1:-.; ...c or my sah zice.:"i /-.e :-e 1:-:1:-roccad.s of th= be -113 ir::e ur.ad, or :1:3 to :n -.i's.:a, i;: t~:comes.ctie.s miqu~aiti:m, ise :7.-r:io'.0, r:"l ag:en:eri';, -:.''id : 17:, or 9.:'.. i-: -ig; al ag.i ir ~ Gutleg pre gate i-t 231. e .man nad w-u an r::::.il to ou Erg project : e ~1r-c. bor'-. :1p --r.n d ~o-: the 23r.o.. Of ET.[.lic 1:-.etmet i a :17 t:o uotut -:y, p::_--glai-.1--_t te e, f'rvo;; Ur stu,--e-ri: c.) -::10 r_ s';."-ser'uens ta 31 1:/ 1, "..%7 is the er.mt :, 1!rate:' redu~o licus -]'re ser lly;. :y t'ic S-.;..M -yil-,ril to eles.ei.ing, t:-_g: 2,;;'i~a". n:.: L'.Eg mac.s -. 7 the e n !-y: Ulo E-;2.-c 3Dr.rd laual i r;--a 64. _:oi-:e:r -i t":e t1.' :: r; 1sE::l'ir::e ci er:. ha' c.:3 W any Beers 3:' ~ uble its auction to coran:e t |-n:1 agroa 'ei-h suct ]M-r. x 0, tjie ens: 2:-. 11r ~ 001 ti' 01 77-::-36--o '_ni-E U for skifierc--t i ; 41;r: s of b--imrl r; all's r tale 3.:Esti.x (9, ard. -N: further ;g-1-ce -h-:s n;, r.liluem -s. -::i e-r1 bi:*.et t.-9-' ti-i t: ths;:3 ion 3 .c -1104-:2 fe; -.~w: c:bt ecr'/1 et 0:2 tomir i e unce Irg g Bortra ol' Nb].io I::e :ruei :1-. arvi for i::cre.;.';-,rg. r:rierity of 1:ac-1 !".9-17. .'e-y ir.:: 1. nr>'rcris".h: r :-;rce: e M: si the ty.to .;odr-i -rg ~2 1:ns'en:ed b'; arg ka].d:tru DI alma bonds: n 2:rr maari; of c.: pc -.e. L 31.ric ~icti:, -. .a :'is-cribute em:i-ilt ta Gr: severrl 30s:res of P.a.lie 1 rite bi an of thr. cour.t'.es fog tr.3 77-:::31; e tCo e at of sn=tr-:et":, 3,egde-j.:4-;.:, i::sprersi:r-, y_-rgme :t, :rzishi y:, o' cesi-'::ig of c. :-:;it:-1 au bar ->ro --:cte for
PAGE 5
pat'ticipe.te in the fundt procee.de of Mr.de .nd no the riotot' rehicle licenc shavn by a -urvey or or prescribed by the Soc.te caimty and e.ptar ed by C projects siny be chang:ei Fuhlic lstriiction of th 9-15 provided further, th affect rge eaYeriarte P.gr igennen 11|r se.id Btate B certificaten, or in conn of Public Inetraction of (e) 1~4-1 State gat-swint to this amadne: Arierica or in the tiends mm.tured m' to mattu-e, is. Publie Isett'uetir of 2,s; (d The State nna regulations necessar; and no legial-tion eMil and operatis effect frea -p:pjecs ofa co ty hallbe eigi 11.t .uur u.. e .h......n.. nCdeiedfr h
PAGE 6
not~~~~~~~ ~~~~ ..uc ..... ...ie ....mtr eit icnatxs uigt
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