Provisions
XI.12 proposed for 1916 • Local contracting of debt.
REJECTED
The Text
The legislature shall provide for the method and limitations under which debts may be contracted by the cities, counties, towns, villages and other civil divisions of the state to the end that such debts shall be payable in annual instalments the last of which shall fall due and be paid within fifty years after such debt shall have been contracted and that no such debt shall be contracted for a period longer than the probable life of the work or object for which the debt is to be contracted.
A Few Facts
• Has 89 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 4 of 1915
If New Yorkers voted to approve this provision, it would have:
• Joined the Constitution in 1916
• Been in Article XI: Corporations; municipal debts; boards and commissions
• Been a new addition
Credits
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