PROPOSED.LEGISLATIVE AMEND
MENT
Proposed Constitutional Amendment
Number 14
Amending Sections 2 and 3 of Arti
cle 7 of the Constitution of the State
of Arkansas; providing that the Su
preme Court of the State shall be
composed of Seven judges one Chief
Justice and Six Associate Justices;
providing that Judges may sit in two
divisions, and otherwise providing the
manner in which the court shall sit
and shall render its decisions.
Providing for the selection and elec
tion of the two additional Judges.
FOR AMENDMENT NO. 14
AGAINST AMENDMENT NO. 14
Proposed Constitutional Amendment
Number 14
He It liesolved by the Senate and
House of the Representatives of the
State of Arkansas, the Majority of
Roth Houses Agreeing Thereta:
I hat the following is hereby pro
posed as an amendment to the Con
stitution of the State of Arkansas,
and the same being submitted to the
electors of the State for approval or
rejection at the next general election
lor Senators and Representatives, if
a majority of the electors voting at
such election adopt such amendment
the same shall become a part of the
Constitution of the State of Arkansas
to-wit:
That Sections 2 and 3 of Article
7 of the Constitution of the State of
Arkansas be amended to read as
follows:
The Supreme Court shall be com
posed of seven Judges, one of whom
shall be styled Chief Justice and elect
ed as such. In the consideration and
decision of cases, all Judges lay sit
or the Court may be divided into two
divisions, and the decision of each of
said divisions shall be the decision of
the Court. The Chief Justice shall
assign three of the Associate Justices
to each division and he may change
such assignments from time to time,
and the Associate Justices may inter
change with each other by agreement
among themselves. The concurrence
of three judges shall be necessary to
a decision in either division. When
the Court is sitting in banc, the Chief
Justice shall preside, and the concur
rence of tour shall be necessary to a
decision. The Chief Justice shall al
lot the cases to the divisions, and-he
may order any case to be decided or
reconsidered by the court in banc.
The Chief Justice may sit in either
division, and shall preside when so
sitting. The Judges of each division
shall elect a presiding Judge for that
division, who shall preside when the
Chief Justice is not sitting in that
division. If the Chief Justice is ab
sent from the Court, the senior Judge
shad perform his duties.
The Governor shall appoint the
two additional Judges provided for
herein, one of whom shall hold office
until his successor is elected at the
general election for State officers in
1922, and qualifies, and one of whom
shall hold office until his successor is
elected at the general election for
State officers in 1924, and qualifies.
Approved by the governor and filed
in the office of the Secretary of
State, January 17, 1917.
Each elector may vote for or again
st the above amendment.
Witness my official signature this,
the 24th day of April, 1918.
[Seal] TOM J. TERRAL,
Secretary of State.
—o
PROPOSED LEGISLATIV E.AMEND
MENT
Proposed Constitutional Amendment
Number 15
Providing credit of state may be
loaned and indebtedness incurred to
an amount not exceeding two per cent
of the assessed valuation of property
in State for the purpose of providing
funds to be loaned upon the security
farm lands within the state, or mak
ing farm loans, providing Governor
Secretary of State and State Land
Commissioner shall constitute State
Land Board having authority to sell
bonds in name of State, place money
in State Treasury and loan money to
bona fide purchasers of farm lands in
Arkansas and prescribing manner in
which such loans shall be made and
repaid; delegating to the Legislature
the authority to provide for the car
rying out, administering and safe
guarding the provisions of this am
endment; providing all provisions of
the Constitution of Arkansas in con
flict with this amendment be repealed.
FOR AMENDMENT NO. 15
AGAINST AMENDMENT NO. 15.
Be It Resolved by the House of Rep
resentatives and the Senate of the
State of Arkansas, the Majority of
Both Houses Agreeing Thereto:
That the following is hereby pro
posed as an amendment to the Con
stitution of the State of Arkansas,
and the same being submitted to the
electors of the State for approval or
rejection at the next general election
for Senators and Representatives, if
a majority of tho electors voting at
such election adopt such amendment,
the same shall become a part of the
Constitution of the State of Arkan
sas, to-wit:
Section 1. Notwithstanding the
limitation contained in Section 1 of
Article 16 of the Constitution, the
credit of the State may be loaned and
indebtedness incurred to an amount
not exceeding two per cent of the
assessed valuation of all the property
in the State for the purpose of pro
viding funds to bo loanul upon the1
security of farm lands within the
State, subject to the limitations here
in contained.
Section 2. The Governor, Secretary
of State and State Land Commission
er shall constitute the State Land
Board, which board is hereby author
ized and directed to issue and sell
or pledge bonds in the name of the
State to be known as the “Arkansas
Farm Credit Bonds’’ in an amount not
to exceed two per cent of the assess
ed valuation of all the property in the
State, and to place the proceeds in the
State Treasury in a fund to be known
as the “Arkansas Rural Credits Loan
Fund.”
Sec. 3. Said bonds shall be issued
in denominations of $25.00, $100.00,
$500.00 and $1,000.00 and shall be is
sued in series of $10,000.00 or multi
ples thereof drawn to mature in not
more than thirty-six years; nor shall
! said bonds be sold until applications
Irom bona fide purchasers of land ag
gregating $10,000.00 have been filed
with and approved by the State Land
j Board. Said bonds shali bear inter
est at the rate of four per cent per
annum, and shall be exempt from tax
ation by the State of Arkansas, or
any of its subdivisions.
Sec. 4. Said State Land Board is
authorized and directed to loan the
moneys in said Arkansas Rural Cred
j its Loan Fund to bona fide purchasers
of farm lands in Arkansas, upon notes
secured by mortgages or deeds of
: trust constituting first liens on such
[farm lands in amounts which shall not
l exceed seventy five per cent of the
I appraised value of such lands. The
J credit of the State shall not be loan
ed to any person to purchase more
than 80 acres of land, nor land valued
at more than $50.00 per acre. Nor
shall a loan of less than $200.00 nor
more than $3,000.00 be made to any
purchaser of land.
Sec. 5. Such loans shall not be
made except to owners who “operate”
and “occupy” lands mortgaged and
shall be made for the following pur
poses: (a) The payment for lands
purchased; (b) the purchase of live
stock and other equipment, and the
making of improvements which in the
judgment of the board will increase
the production of such lands or add
to their value as a farm home in a
degree to justify such expenditure;
and (c) for the satisfaction of en
cumberances upon such lands, which
in the judgment of said board, were
incurred or assumed by said applicant
for the aforesaid purposes.
Sec. G. Every applicant for a farm
loan shall state clearly in his applica
tion the purposes for which such loan
is desired and upon its approval by
the board this statement shall be
deemed a part of the note or contract
under which the loan is granted. But.
no failure to apply such funds to the
purposes stated in said application or
enumerated herein shall invalidate a
loan when once made, nor shall any
thing herein contained be deemed to
prevent any farm owner from selling
or leasing lands subject to such in
cumbrance; but if he shall violate
his said contract by applying the
moneys borrowed to purposes other
those stated in his applcation or enu
merated herein, ot if he shall lease
such lands or sell them to any per
son not fullfilling the conditions and
purposes provided herein, said board
is authorized and directed to require
the repayment of said loan upon six
month's notice, and said note or con
tract shall contain a clause providing
therefor.
Sec. 7. Such loans shall be repaid
with interest accruing in annual in
stallments on the amortization plan,
such installments being fixed at such
sums as will cover the interest rate
and will liquidate the debt in a period
to be agreed upon between said board
and the applicant, said period to be
not less than five nor more than thn
ty-six years; but any debtor may
liquidate any part or all of his indebt
edness in amounts of $50.00 or multi
ples thereof upon any amortization
payment date.
bee. 8. The rate of interest on
loans shall be five per cent per an
num; provided that no Farm Credit
Bonds shall be sold for less than par;
and provided further that the board
shall require each applicant to pay
an initial charge of 1 per cent of the
loan granted, the minimum charge to
be $10.00 to cover the cost of apprais
al and examination of title.
Sec. 9. All surplus funds accruing
from the operation of the system of
rural credits herein provided for, af
ter paying interest accruing on the
aforesaid bonds, and all operating and
other expenses arising from the ad
ministration of said system of rural
credits shall be placed in the State
Treasury and become a part of the
fund to be known as the “Arkansas
Rural Credit Reserve Fund.” Said
Arkansas Rural Credits Reserve Fund
shall be loaned on farm lands in the
manner herein provided for the Ark
ansas Rural Credit Loan Fund, and
the interest accruing from the loans
made from the said Arkansas Rural
Credits Reserve Fund shall be added
to it and become a part of it. The
said Arkansas Rural Credits Reserve
Fund shall be irreducible, except that
it may be drawn upon to reimburse
the State for loss in the administra
tion of said systemof rural credits.
Sec. 10. The Legislative Assembly
shall provide in such detail as it shall
deem advisable for the carrying out
and administering of the provisions
of this amendment, and shall provide
adequate safeguards against the use
of such loans as an aid to the pur
chasing and holding of lands for the
purposes of speculation. Such safe
guards shall include clear definitions
of the terms “operate” and “occupy”
used herein. In the absence of such
legislation and subject to the same af
ter its enactment the State Land
Board shall proceed to administer said
system of rural credits under rules
and regulations provided by itself,
but subject to the provisions herein
contained.
Sec. 11. The provisions of the
Constitution of Arkansas in conflict
with this amendment are hereby re
pealed, in so far only as they conflict
herewith. The provisions of this
amendment shall be self executing,
and shall take effect and be in op
eration 60 days after their approval
and adoption by the people of Ark
ansas.
Approved by the Governor, and fil
ed in the office of the Secretary of
State, March 17, 1917.
Each elector may vote for or again
st the above amendment.
Witness my official signature this,
the 24th day of April, 1918.
[Seal] TOM. J. TERRAL.
Secretary of State.
Prof. W. A. Isgrig went to
Batesville on business yester
day.
W. G. Moore was transact
ing business in Batesville Wed-!
nesday.
Henry Johnson, a successful
fanner of the Point neighbor
hood, was transacting business
in town yesterday
Miss Nell Welborn who has
a good position at * Jonesboro
is spending a few days here
this week visiting her parents,
Mr. and Mrs. T. J. Welborn.
Prof. J. C. Wynne came up
Friday from Texarkana to be
with his wife who is quite sick
at the home of her parents,
Mr. and Mrs. W. W. Magness
Miss Blanche Hawthorne
returned to her home at Fitz
gerald Sunday night after
spending some time here visit
ing her sister, Mrs. T. M. Rat
ton.
Mr. and Mrs. Wralter Cox
arrived Sunday from Pomroy,
Iowa, having been called home
on account of the serious ill
ness of the lady’s sister, Mrs.
J. C. Wynne.
Whit Martin left Sunday for
New Orleans, La., where he
will enter Tulane University
for a course of military train
ing in auto mechanics and
radio operating.
Robt. C. Hively, son of Mr.
and Mrs. C. F. Hively formerly
of Sulphur Rock, now of Ar
genta, is doing hospital work
for the saliors on submarines,
stationed at Hampton Roads,
Va.
M. C. Magness of Oak Grove
La., arrived Saturday to join
Mrs. Magness and little son,
who have been visiting rela
tives here for several days.
Mr. Magness drove through in
his car. •
The revival meeting which
hail been in progress for some
time at the Baptist church,
closed Sunday night, and Rev.
L. C. Bauers who conducted
the meeting left Monday night
for Batesville where he will
hold a meeting. •
The principal streets of
Newport are being graveled
with gravel from the gravel pit
at Newark and the Independ
ent says that wherever the
gravel has been placed and
packed down, a splendid drive
way has developed.
Armie Hodges who has been
employed in the First National
Bank of Batesville for several
years, has resigned his position
with that bank. He will ac
cept a position with the Union
Bank and Trust (Company of
Batesville about August 1.
Mr. and Mrs. James Hogan
and Mr. and Mrs- Van Walton
of Newport were in town Mon
day evening en route home
from Jamestown where they
spent the day visiting relatives.
They made the trip in Mr. Ho
gan’s car.
Catarrh Cannot 3e Cured
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Catarrh is a local disease, greatly in
fluenced by constitutional conditions, and
in order to cure it you must take an
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F. J. CHENEY & CO., Props., Toledo, O.
All Druggists, 75c.
Hall’s Family Pills for constipation.
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Do You Know
—What our boys are fighting for “Over There?”
—What the result will be if they win—if they lose?
—What your Government expects you to do in
this emergency?
TheRaddiffeChautauqua
AnswersThese Questions
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