Iron County register., 1899-03-23
Section 8 rela1es 10 dividends.

j other corporations, and the handling
and managing of exhibits intrusted to
its care.
Section IL gives the corporation the
power to condemn property either in
fee simple or for term of years.
Section II provides for dissolution
OF the corporation after the purposes
for which it was formed are accom-
plished.
Section Is provides for the exemp-
ton of the property of such corpora
tions from taxation.
Section IA repeals inconsistent acts.
Section Is contains the emergency
clause. and
Section 16 provides that other cor
porations may have power to subscribe
to the stock of corporations of this
| character.
City and State.
Contemporaneously with the exam
ination of the statutory law with ref
erence to worlds fair corporations.
Mr.. Blair, at the request of the COM
mittee. made an examination of the
| constitutional provisions relating to
the increase of Indebtedness of the
state and city for the purpose of aid
ing the exposition company. 1t was
found that by the state constitution
| the city of st. Louis is absolutely for
! hidden to increase its bonded indebt-
edness beyond the limit of five per
cent. upon the assayed valuation of
property in the city. The city's bond
| ed Indebtedness, while exceedingly
small as compared with other cities
of its class, is $4.500.000 in excess of
this constitutional limit. The consti-
/ tutional provisions relating to the
state Indebtedness are equally strin-
gent. They absolutely prohibit the
issue of bonds for the purpose of aid
| ing private enterprises, and also pro-
hibit the state from lending its credit
to any such organization. The matter
was discussed at number of meetings
of the executive committee upon an
informal report made by Mr.. Blair as
| chairman of the committee on the le
| gal status of the enterprise. and it
became evident that a choice must be
made between one of the following
methods of accomplishing the desired
purpose.
In regard to the city, the state con-
stitution may be amended-first. so
as to permit the city to amend its
charter in the regular way and issue
bonds in aid of the fair. Second. so
as to permit the city by majority
vote of its qualified voters to issue
bond:. in excess of the constitutional
limit. Third. so as to direct the may
| N,- 70 1c
without the Intervention of a vote by
| the people.
The amount considered by the COM
| mittees in this connection was $5,OOO,-
900. 1t was thought by many that as
the city of st. Louis is in Il condition
as 10 it's streets and public institutions
utterly unfit for the holding of a fair,
and has no money to remedy these
defects. is would be wise at the same
time to amend the constitution so as
to authorize the city to issue $5,00O,-
900 OF bonds additional for the pur-
pose of effecting these improvements.
The question as to whether these two
amendments should be submitted as
separate propositions or joined in one
authorizing the issue of $1O,OOO,OOO of
bonds. one-half to be used in aid of
the Worlds fair. and the other in the
public improvements suggested, was
much discussed, but at the last meet
ing of the committee it was decided
that the measures should be separate
ly submitted. While no positive ac-
ton has yet been taken. the commit
tee have informally expressed the
opinion that the method by which the
question of bond issue should be sub
mitted is by the affirmative vote of a
majority of the qualified voters of the
city, instead of by direct authorization
to the municipal authorities to issue
the bonds, or by an amendment of the
charter.
In regard to the state aid various
suggestion as to method have been dis
cussed. First, an amendment of the
constitution, authorizing the state to
issue S2,5OO,OOO, the proceeds to be do
mated to the fair corporation. Sec
ond. authorizing the state to take ST.
100000 of stock in the fair corporation.
Third, an amendment, authorizing the
state to guarantee the payment of $2,-
500, 900 of bonds to be issued by the
fair corporation, and fourth. an amend
ment, authorizing a special tax of an
amount sufficient to furnish the S2,-
100000. between the present time and
the opening of the exposition.
The method most generally APP
proved is that providing for the diretc ,
issue of bonds by the state, but no
decisive action has yet been taken, and |
while Mr.. Blair and the gentlemen as |
sociated with him have prepared con-
current resolutions designed to sub |
nit all these different phases of the |
matter, both in regard to city and !
state bonds, the executive committee |
has not as yet directed the committee !
on legislation to submit any particu-
lar one, it being felt that the matter |
must be carefully considered before
any final action is taken.
Health and Beauty.
Pour the white of an egg over a
burn or scald, for nothing is more
1t makes the softest var
nish. and being always at hand, can
be applied Immediately. Anything
which excludes air from a burn and
prevents Inflammation is the best
thing to apply at once.
Nothing in time so destroys good
looks as constant i'll health and neg
ected colds. The skin loses its healthy
look and becomes worn and sallow.
Damp shoes and stockings ought to
De specially guarded against, as these
!, ff1Y1 Of |