Article X
Sec. 21: The total amount of taxes assessed against property for all purposes in any
one1 year shall not exceedone and one-half11⁄2 percent of the assessed valuation of said property, except taxes levied for the payment of interest and principal on obligations heretofore incurred, which sums shall be separately assessed in all cases: Provided, That for the purpose of the acquisition of real estate or erection of public buildings or public works, or making permanent extensions thereto or other capital improvements thereof, this limitation may be increased for a period of not to exceed 15 years at any 1 time to not more than a total of 3 percent of the assessed valuation by a majority vote of only such persons having the qualifications of electors, who have property assessed for taxes in any part of the assessing district to be affected by the result of such election, or the lawful husbands or wives of such persons: Provided further, Thatthisfor all other purposes the limitation of 11⁄2 percent may be increased for a period of not to exceedfive5 years at anyone1 time, to not more than a total offive5 percent of the assessed valuation, by atwo-thirds2⁄3 vote of the electors of any assessing district, or when provided for by the charter of a municipal corporation: Provided further, That this limitation shall not apply to taxes levied in the year 1932.
