ARTICLE VI


FINANCE AND TAXATION

 Section 1. Power of Taxation: Power to Contract Debts The power of the
 Government of the Territory to impose and collect taxes, not inconsistent with Federal
 statutes, shall be exercised as determined by the Legislature. The power of the
 Government to contract and to authorize the contracting of debts shall be exercised as
 determined by law consistent with this Constitution.

 Section 2. Uniform Taxation. No assessment nor any exemption therefrom with
 respect to any tax imposed by the Territory or any governmental unit thereof shall be
 made except pursuant to uniform rules within classes or subclasses of taxpayers,
 property or events as may be provided by law.

 Section 3. Limitation on appropriation. The appropriations made for any fiscal
 year shall not exceed the total revenues, including available surplus, estimated for
 said fiscal year unless the imposition of taxes sufficient to cover such appropriations is
 provided by law. The general appropriation act shall contain only appropriations and
 rules for their disbursement.

 Section 4. Failure to Make Appropriations. If at the end of any fiscal year the
 appropriations necessary for the ordinary operating expenses of the Government and
 for the payment of interest on and amortization of the public debt for the ensuing fiscal
 year shall not have been made, the several sums appropriated in the last
 appropriation Acts for the objects and purposes therein specified, so far as the same
 may be applicable, shall continue in effect item by item, and the Governor shall
 authorize the payments necessary for such purposes until corresponding
 appropriations are made.

 Section 5. Use of Public Property. Public funds, property or credit shall be used
only for public purposes and pursuant to law.

 Section 6. Government Bonds.

 (a) The Legislature may cause to be issued, bonds or other obligations for
public improvements or public undertaking authorized by law, which shall be payable
solely from the revenues directly derived from and attributable to such public
improvements, public undertaking, or other project, and shall be sold at public sale.
Bonds or other obligations issued pursuant to this subsection shall under no
circumstances constitute a general obligation of the Territory.

 (b) The Legislature may cause to be issued such negotiable general
obligations, bonds or other evidence of indebtedness as it may deem necessary or


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