Beasley v. Combs, Judge

Amendment No. 10 to the Constitution, which directs that financial affairs of counties shall be conducted on' a sound financial basis, has been construed many times by this court.

At the time the amendment was proposed, and when it was adopted,, some of the counties were on a so-called “scrip” basis, and their warrants were depreciated. To afford such counties a means by which this floating indebtedness could be retired, a provision was inserted in Amendment No. 10 authorizing issuance of interest-bearing certificates of indebtedness, or bonds, . . . “to secure funds to pay indebtedness…