The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1901-11-14

Indebtedness. payable ~ years atssf nh.f,
bearing 4 per cent, interest. tor the
amount Of The a.oe MISSOURI state per
cent. bondp. and the fsoe.tso certtfcate OF
Indebtedness then held In trust bf the
state for the school fund, 90 be "sscrediy
preserved IN the state treasury Tot the
permans.. --h@,! Fad Of she rsai~ir and
another { per cent. certificate for the u
Missouri state per cent, h1ids belonsinE
!" the seminary fund. Whafeupon the
fund commissioners issued q consolidated
ststs csFtifcute 81 Indebtedness 70 toe
state board OF education for q. sen.ss1, ana
The se@orda show that lhe s@n bonds and
IN. So. 90 cnftihcnte-ihe one ISSUED by
the liberal republican administration 90
IG'y !. N2-wcrr duly canceIed an the
law directed. Section 3 provides that the
certificates OF indebtedness issued under
cred and irr@vucablo obligation ~ the
state, unconVVriibla and untranaferable
Ter the purpose ~ It's issue. but shall re-
main ns 20 much Of the permanent school
fund and 81 the seminary fund ab II rep
rgsentcd W their amounts, respectively"
FURTHER INVESTMENTS IN GER
TtFICATES DIRECTED.
on the iith day ot January, iSsS. scna.
tor Thomas V. nrynnt introduced senate
bill No. e, entitled An act to provide
for III" permanent investment of any
moneys remaining N tho state treasury
and = ieuFinr to either the Public scfN,oi
Fund or Seminary Fund OF the State,
1r that may hereafter b. paid into the
state treasury. 20 DO added to either Of
Auid funds and 10 provide for cancclipg
nuy Missouri state bonds now held by
irni 81 :nt state by ssulnE therefor Ger
uhcatca Of Indebtedness Of the State
bearing per ctnium interest per an
mum. payable semi-aunually." which,
with the emergency clause. received ev'
cry vote cast in the senate. via. Senators
Baldwin. Bland. bridges. HFstts. Bryant,
Creep. Diliey, tiobyns, Downing. Dun-
gan EdwartiH NJ Lafayette; Edwards %
~ charles; Farris Halliburton. Heard,
HUT Jacobs, McMahnn. Manistrr. Nor
rivHIn. 0Rrirn, Oliver. Pshie. Rogers,
Rouse. Stephens. Walker, Wear and YAM
c'y-tu total p. absent, Senators Hathaway
aud Mcdrath absent I'm ienvu. Senators
Aliru and Davis. paEC rs. senate Jour
nal, i&7b I'm March = and % the senate
bii WIS amended by the house. and the
biil. Ms amended, passed on the last-ucn.
tioncd day hV a vote Of e ayes and =
noes. Tho members voting for and
| AGAINST the bill belonging TO both pOiitl-
cot parties. and among those recorded Ms
voting Ia the affirmative may be mem
toned such distinguished leaders ~ the
| republican parry ~ Allen. Of III Louis.
Hackney, "f Miller; Harrington. Of Adalr.
Whltmrr ~ Holt; Whybafk, OF Boliln-
scr Muench 81 Warren; Murphy. u
Franklin. GrahcnhorrL. Of ST. Charles;
wade, M Greene, aud others page l1sl.
house journal iNaD The house amend
mruts were Agrrcd 10 IN the senate by a
vote 81 ayes ~ noes Senator Bald.
| VIM The bin WIS approved March 81.
| iSs1 90 10. Laws, is3i
I'nser tho act OF lS'ci. i've certificates
~ indebtedness were issued 90 the school
| fund amounting To Esgs.0oo and " 20 the
s'ruinary fund nEgregailnR st4l,01
BONnEp DEBT REDUCED BsTRANs-
FETtS TO SINKING FUND.
M state bonds have heeu taken mp un-
| der the act 81 March 81, iss7. aud " IL
proper 10 explain that while this net does
not require the school and seminary fund
moneys. for which certificates of iadebt-
| fNT n "a 40 atfs In he
sinking fnnd and used for the reduction
% the public debt, y has evidently been
/ the settled policy OF the various state
| administrations since the paEHngr aud APP
| provsi ~ the ast not 20 issue certificates
| In CgcrHH Of the amount Of money trans
| ferrrd from tho school fund. seminary
| fund or revenue fund. 10 this Sinkins
/ fund 10 pay on bonds. so that the debt
| ~ the state BE- not Increased. in violation
| ~ the constitution. by reason ~ the Issue
| o. certificates An inspection % the books
! ~ this department shows that the fol-
| luwinE sums NJ money have been trans
l farrcd from the funds Just mentioned 70
| tho sinking fund ana used for tho rCduc-
| ton OF the bonded dcot stuco the passage
| NJ tho act ~ March ~, iNl.
! From tho revenue fund ........1 NN.npi 70
! From the school fund .. ....... Ta,al o.
/ From the seminary fuad ...... si3is .
Total amount transferred to
sinking fund ........s.........a 81, iCi,aS 2
Tho total amount of certificates
| 81 indebtedness issued 10 the
| school fund since March 81,
| TN, total amount NJ certificates
! VI iudrbtrdunva irHusd 10 the
seminary FUND during that
tim" ............ -. 1iIa.ss9 q
Total amount 81 certificates
ir.u,d 90. $685.. ................ 81 30. SO a
! % viii b. noticed INA, ytal.l :, more
Ia. -. ..4..f 4 l.... Z. q
Ia pay on bonds lfrom other sources than
/ the state Interest fund.-, than the nEErc-
| gate amount 81 certificates issued to tho
school and seminary funds under that
STATE SEMINARY FUND
! The treasurer gtvsH nu account OF the
origiu Of the State seminary fund. and
! states that the following arc the ccrtin-
| ,1trs Of iu,loht-dns.a ouiatandIng:
/ lEKTIFlgA TES or INDEBTEDNESS
OrTFrANUiNG.
School certificates.
Under act Of March
vndrr set 81 March
%. 1873 .......,..... $1,000 -
| Total school certificates .... 81. fss coo %
| Seminary certificates.
! Under act Of March
-s5.- ~, ss, q, M March is'"0 "
rudrr act Of March -
81 tsgf ............. ei6si, =
Under set ~ April
2, tf'a .......r'.t''. -+.e'l II
Total seminary certificates .H.S55.ssS Z.
Total school and seminary
| certificates outstanding
| January l. iaoi .....,..,....... 81 80. SO q
STATEMENT.
| BLOWING CONDITION OF THEsTATE
| SCHOOL AND SEMINARY FUNDS
ON JANUARY l. isi.
School Fund Ccrtihcntcs OF Indebted
ness;
re con. July /. 81, act Mar
PC. july /. 'a. act Mar 81. s. E.So0 q
i,c Apr *. IS act Mar. 81 81 a0i 900 nj
ne Ian . &c act Mar n. -. 900 q
pc July /, 80 act Mar. II. -. 5000 N
Is pJ. July !. ~, act Mar II, 81. ls.ono q
Tq,a, certificates ..;;.....,..;...s5 .iSseee .
Cash I'm treasury unlnyeated... 30 "
Total school fund .............ss.iss.s7s q
Seminary Fund Certificates:
pc. July I, 81. &C, Mar. q, SIS Izleoo q
| pc July 2 80, act Mar. 81, -. 2t2elo u
PC. Nov, T. ~, act Mar. II, 81. kooo q
pc. Jan. =. 81 act Mar, u. ss. iooc0 o
8 pc. Jan 8. ~, act Mar q, ~. sool q
3 pc. Apr. 10. 81 act Mar. q. IS. 1soco q
Pc PC f fsb T. = SSt Mar Mar. Il Il. 3 ssS Z
! b pc jan l. ~ ACT MAFs 81 I.tAH "
pc Mar. !. -. act Mar ~, s.. G.00 q
5 nc. Dee Is, -, act Mar II. -. A0e0 0,
3 pc. May u. ~, act Mar. 81, "a. $3.50 o
IL nc. Apr. I. 'al, act Mar. -. 81. ess.a5s 2
> pc July 1. ~. act Mar. 81. "a. keo q
pc. Apr Is. 20. uct Mar. II, ~. 400 q
PC. May Is. 49, act Mar. ii. -. GeD9 q
. PC. APR. z. IS. act Apr. 2, Is. 29.sSi u
Is pc. Apr. 9, 10. act Mar. 81. "a. Sooo Q.
pc. Apr. 1, 20. act Apr. 1. 80. 20,o q
pc. july /. IS. act Mar. 81. s.. $500 d
-------------
Total certificates .,.............u 81. rs, 50 I.
Cash In treasury uninvested.... asa n
Total Seminary Fund .........a, III u
State of Missouri.
| County of Cole.
I AlheT, o. Allen. state auditor Of MIS-
Hourt being frst duly sworn, upon his
oath. xaYs that the foregoing contains 4
frli. true ana complete statement Of this
condition Of the School and Seminary
Funds on the first day Of January, fsoi
as shown by the books. and files Of IN,
Office OF the State Auditor.
Ai.BERT O, ALLEN,
Subscribed and sworn TO before me thil
Ind day Of November. 1901.
(seall JOHN A. LEE,
l Nofnrs fp,thIia