Article VII, § 2 ARTICLE VII § 1. The credit of the State shall not in any manner be given or loaned to or in aid of any individual, association or corporation. AMENDMENT PROPOSED BUT NOT SUBMITTED TO THE PEOPLE 1. Prohibiting appropriation of public money to private use § 1. (Proposal to add the following:) And the legislature shall not appropriate any moneys that belong to the state of New York to any individual, association or corporation for any purpose whatsoever. 1908. A. No. 1108 (Int. 930). A. J. 550. § 2. The State may, to meet casual deficits or failures in revenues, or for expenses not provided for, contract debts; but such debts, direct or contingent, singly or in the aggregate, shall not at any time exceed one million of dollars; and the moneys arising from the loans creating such debts shall be applied to the purpose for which they were obtained, or to repay the debt so contracted, and to no other purpose whatever. AMENDMENT PROPOSED BUT NOT SUBMITTED TO THE PEOPLE 1. Eight hour day on public work-payment of prevailing rate of wages § 2. (Proposal to add the following:) No person shall be compelled to labor more than eight hours a day while in employment by or on behalf of the state, a county, town, village, city or municipality, or any civil division thereof, within this state; and no person, contractor or corporation who has a contract, or employment, by or on behalf of the state, a county, city, town, village, municipality, or any civil division thereof, shall compet any person to work more than eight hours a day on said work, contract or employment. The state, a county, city, town, village, municipality, or any civil division thereof, shall pay to each and every person in its employ, the prevailing rate of wages for such work performed. And any person, corporation or company who has a contract, or is employed, by or on behalf of the state, a county, city, town, village, municipality, or any civil division thereof, shall pay the prevailing rate of wages to any person em Article VII, § 4 ployed on the work by a person, contractor, or company who has work, or a contract, or employment, on behalf of the state, a county, city, town, village, municipality, or any civil division thereof. 1908. A. No. 1996 (Int. 1444). A. J. 1501. § 4. Except the debts specified in sections two and three of this article, no debts shall be hereafter contracted by or on behalf of this State, unless such debt shall be authorized by a 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 to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within eighteen years from the time of the contracting thereof. No such law shall take effect until it shall, at a general election, have been submitted to the people, and have received a majority of all the votes cast for and against it at such election. On the final passage of such bill in either house of the Legislature, the question shall be taken by ayes and noes, to be duly entered on the journals thereof, and shall be: "Shall this bill pass, and ought the same to receive the sanction of the people?" The Legislature may at any time, after the approval of such law by the people, if no debt shall have been contracted in pursuance thereof, repeal the same; and may at any time, by law, forbid the contracting of any further debt or liability under such law; but the tax imposed by such act, in proportion to the debt and liability which may have been contracted, in pursuance of such law, shall remain in force and be irrepealable, and be annually collected, until the proceeds thereof shall have made the provision hereinbefore specified to pay and discharge the interest and principal of such debt and liability. The money arising from any loan or stock creating such debt or liability shall be applied to the work or object specified in the act authorizing such debt or liability, or for the repayment of such debt or liability, and for no other purpose whatever. No such law shall be submitted to be voted on, within three months after its passage, or at any general election when any other law, or any bill, or any amendment to the Constitution, shall be submitted to be voted for or against. Article VII, § 4 AMENDMENTS SUBMITTED TO THE PEOPLE AND ADOPTED § 4. Except the debts specified in sections two and three of this article, no debts shall be hereafter contracted by or [on] in behalf of this state, unless such debt shall be authorized by a 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 to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within [eighteen] fifty years from the time of the contracting thereof. No such law shall take effect until it shall, at a general election, have been submitted to the people, and have received a majority of all the votes cast for and against it at: such election. On the final passage of such bill in either house of the legislature, the question shall be taken by ayes and noes, to be duly entered on the journals thereof, and shall be: "Shall this bill pass, and ought the same to receive the sanction of the people?' The legislature may at any time, after the approval of such law by the people, if no debt shall have been contracted in pursuance thereof, repeal the same; and may at any time, by law, forbid the contracting of any further debt or liability under such law; but the tax imposed by such act, in proportion to the debt and liability which may have been contracted, in pursuance of such law, shall remain in force and be irrepealable, and annually collected, until the proceeds thereof shall have made the provision hereinbefore specified to pay and discharge the interest and principal of such debt and liability. The money arising from any loan or stock creating such debt or liability shall be applied to the work or object specified in the act authorizing such debt or liability, or for the [repayment] payment of such debt or liability, and for no other purpose whatever. No such law shall be submitted to be voted on, within three months after its passage or at any general election when any other law, or any bill [or any amendment to the constitution,] shall be submitted to be voted for or against. The legislature may provide for the issue of bonds of the state to run for a period not exceeding fifty years in lieu of bonds heretofore authorized but not issued and shall impose and provide for the collection of a direct annual tax for the payment Article VII, § 4 of the same as hereinbefore required. When any sinking fund created under this section shall equal in amount the debt for which it was created, no further direct tax shall be levied on account of said sinking fund and the legislature shall reduce the tax to an amount equal to the accruing interest on such debt. 1903. S. No. 1073 (Int. 39). To Sec. of State. S. J. 24, 858, 1010, 1213, 1235, 1388, 1560. 1905. S. No. 293 (Int. 273). To Sec. of State. A. J. 597, 1277, 1409, 1476, 1530, 1583, 1736, 1867. Vote: for, 293,552; against, 127,364. § 4. Except the debts specified in sections two and three of this article, no debts shall be hereafter contracted by or in behalf of this state, unless such debt shall be authorized by [a] 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 to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within fifty years from the time of the contracting thereof. No such law shall take effect until it shall, at a general election, have been submitted to the people, and have received a majority of all the votes cast for and against it at such election. On the final passage of such bill in either house of the legislature, the question shall be taken by ayes and noes, to be duly entered on the journals thereof, and shall be: "Shall this bill pass, and ought the same to receive the sanction of the people?" The legislature may at any time after the approval of such law by the people, if no debt shall have been contracted in pursuance thereof, repeal the same; and may at any time, by law, forbid the contracting of any further debt or liability under such law; but the tax imposed by such act, in proportion to the debt and liability which may have been contracted in pursuance of such law, shall remain in force and be irrepealable, and be annually collected, until the proceeds thereof shall have made the provision hereinbefore specified to pay and discharge the interest and principal of such debt and liability. The money arising from any loan or stock creating such debt or liability shall be applied to the work or object specified in the act authorizing such debt or liability, or for the payment of such debt or liability, and for no other purpose whatever. Article VII, § 4 No such law shall be submitted to be voted on within three months after its passage or at any general election when any other law, or any bill shall be submitted to be voted for or against. The legislature may provide for the issue of bonds of the state to run for a period not exceeding fifty years in lieu of bonds heretofore authorized but not issued and shall impose and provide for the collection of a direct annual tax for the payment of the same as hereinbefore required. When any sinking fund created under this section shall equal in amount the debt for which it was created, no further direct tax shall be levied on account of said sinking fund, and the legislature shall reduce the tax to an amount equal to the accruing interest on such debt. The legislature may from time to time alter the rate of interest to be paid upon any state debt, which has been or may be authorized pursuant to the provisions of this section, or upon any part of such debt, provided, however, that the rate of interest shall not be altered upon any part of such debt or upon any bond or other evidence thereof, which has been, or shall be created or issued before such alteration. In case the legislature increase the rate of interest upon any such debt, or part thereof, it shall impose and provide for the collection of a direct annual tax to pay and sufficient to pay the increased or altered interest on such debt as it falls due and also to pay and discharge the principal of such debt within fifty years from the time of the contracting thereof, and shall appropriate annually to the sinking fund moneys in amount sufficient to pay such interest and pay and discharge the principal of such debt when it shall become due and payable. 1908. S. No. 863 (Int. 668). (Same as A. No. 1893.) To Sec. of State. S. J. 424, 470, 479, 604, 644, 652, 947. A. J. 1469, 1627, 1713, 1744, 1786. A. No. 1893 (Int. 1179). (Same as S. No. 863.) A. J. 836, 1362. 1909. S. No. 242 (Int. 237). To Sec. of State. S. J. 119, 572, 605, 638, 641, 876. A. J. 1192, 1508, 1608, 1692. Adopted Nov. 2, 1909. Vote: for, 279,352; against, 216,541. |