Works of internal improvement--State indebtedness.
The state may engage in works
of internal improvement, any provision in this Constitution, or limitation in § 2 of this article, to
the contrary notwithstanding. The indebtedness of the state for the purposes contained in this
section shall never exceed one-half of one percent of the assessed valuation of all property in this
state and no such indebtedness shall be incurred nor money expended, except upon a two-thirds
vote of the members elect in each branch of the Legislature.
History: Section proposed by SL 1918 (SS), ch 35, adopted Nov., 1918.