Section 1. Resolved (if the Assembly concur), That section 4 of arti-
2 cle 8 of the constitution be amended to read as follows:
3 § 4. Except as otherwise provided in this constitution, no county,
4 city, town[,] or village [or school district] described in this section
5 shall be allowed to contract indebtedness for any purpose or in any
6 manner which, including existing indebtedness, shall exceed an amount
7 equal to the following percentages of the average full valuation of
8 taxable real estate of such county, city, town[,] or village