Rice v. City of Watertown

Section four of article thirteen of the Constitution of South 'Dakota contains the following language:

'‘The debt of any * * * city * * * shall never exceed five (5) per centum upon the assessed valuation of the taxable property therein * *

To this language which appeared in the Constitution at the time of its adoption there was added by separate amendments in the years 1896 and 1902 respectively, the power to “* * * incur an additional indebtedness, not exceeding ten per centum upon the assessed valuation * * * for the purpose of providing water and sewerage, for irrigation, domestic uses,…