The adoption of the amendment will
also confer on the legislature authority
to levy a tax on motor vehicles, using
he public streets and highways, on a
more onerous basis than other personal
property is taxed. The proceeds of such
tax will be credited to the Highway Sink
ing Fund, which is to be used to pay
bonds issued as above any surplus In
he Highway Sinking Fund not needed
for the retirement of bonds to be trans
ferred to the Trunk Highway Fund. Mo
tor vehicles taxed by any law passed by
the legislature under the amendment,
will not be subject to any other tax, ex
cept that a wheelage tax may be Im
posed on such vehicles by any borough,
city or village, if they see fit to do so.
In case the tax on motor vehicles Is
not sufficient to pay he principal and
interest of the bonds Issued, the legisla
ture, In case of the adoption of the
amendment, will be empowered to pro
vide by law for the taxation of all the
taxable property of the state in an
amount sufficient to meet he deficiency,
or It may, in its discretion, appropriate
to such Highway Sinking Fund any
moneys In the state treasu ry not other
wise appropriated.
PROPOSED AMENDMENT NO. 2.
