Section 20[a]. Bonus to veterans of World War I
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Long term borrowing by state
The state may borrow money for specific purposes in amounts as may be provided by acts of the legislature adopted by a vote of two-thirds of the members elected to and serving in each house, and approved by a majority of the electors voting thereon at any general election. The question submitted to the electors shall state the amount to be borrowed, the specific purpose to which the funds shall be devoted, and the method of repayment.
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Bonus to veterans of World War I
The state shall borrow not to exceed thirty million dollars, pledge its faith and credit and issue its notes or bonds therefor, for the purpose of paying to each person who entered into the military, naval or marine forces of the United States between April sixth, nineteen hundred seventeen, and November eleventh, nineteen hundred eighteen, and served honestly and faithfully therein during the late World War and who as a resident in this state at the time of entering such service, the sum of fifteen dollars for each month or major fraction thereof, of such service, up to and including August first, nineteen hundred nineteen.