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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
May 09, 1907
Page
15
The text states that authority may be created to act when, in its opinion, action is injurious to citizens, provided that no injustice is done to the incorporation. The clause emphasizes protective power while safeguarding the rights of the corporate entity.
A lengthy article outlines the states tax and debt rules including fiscal year start, tax levying for deficits, debt limits, exemptions for libraries and orphan homes, local option taxes for utilities, and a state board for property valuation. It details uniform taxation, sinking funds, and voter approval requirements for indebtedness, with sections on exemptions and accounting.
Article XI outlines the creation and protection of the permanent school fund from land grants and monetary donations for common schools. It details fund sources, trust status, prohibition on diminution, and annual income use for public schools, with distribution by district population and rules for selling designated lands.
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