The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1902-11-01

amendment 20 the CONSTITUTION OF tue
state Of Missouri. concerning revenue ana
taxation. shall be submitted 70 the quail
fed voters Of said state. 10 wit.
That section ~ OF article X OF the
constitution Of the state o. Missouri ps
same" in the last line OF said section
the following.
PROVIDED. that in the city Of St LOUIS
the amount OF bonds now aggregaurg
S6,ul. eD, that being the amount assumes
BY said city in the scheme Of separation
from the county OF st. Louis, ana the
sum OF S5sSQ6. 90 heretofore prior 10 jan
uary !. 1871, expended In the CONSTRUCTION
OF waterWorks for the city OF St. Louis.
issued Dy said city In the construction
and Improvement OF W~aterWorks, tne
payment Of the interest Whereon ano tne
principal whereof shah be provided IRON
the revenues Of said waterworks; that Is
70 say, the amount OF said bonds Mnlcn
shall be outstanding at any time snai NOT
be included IN the computation OF tne eA-
isting bonded indebtedness IN etermnin
the amount OF bonds authorised TO pc Is
u BY said city With b assent or Two
thirds OF the voters under the PROVISIONS
OF thia article, but said city snail pc tu-
thorixed at any time to issue BONDS Win
the assent aforesaid TO an amount IN
GLIDING outstanding Indebtedness ether
than that above named, to the AMOUNT
OF five per cent. OF the value OF the
taxable property IN said city, TO Pc as
eertained as above provided, ana sala cisy
shall have power, with such assent OF the
voters, to Issue bonds for the construc-
ton and Improvement OF W~aterW0rksy the
interest wherein and the principal wnere-
OF shall be provided for from the income
OF said waterworks. Said city shall es-
tablish a sinking fund for the payment
OF The bonds so authorized according 70
the times fixed from the maturity. OF the
same: Provided, further, that in the city
Of Kansas City, the amount OF bonds
issued hU Gpfd rffW hearing date July L..
1895, for acquiring waterWOrks and al
bonds hereafter issued IN renewal OF said
bonds or any portion thereof snail notiDe
included In the computation OF the exist
ing bonded Indebtedness OF said city IN
determining the amount OF bonds author
lied TO be issued by said city, With the
assent OF two-thirds of the voters under
the provisions of this article, put SAID
city shall be authorized at any time TO
issue bonds with the assent aforesaid TO
an amount including outstanding IN
d~ebtedness, other than that above named
to the amount Of five per centum OF the
value Of the taxable property in said city
to be a~scertained az above specified so
tina said section Of the constitution,
when amended. shall read as follows:
Section u. Municipal Indebtedness,
Limit of.-No county, city, town, town
ship, school district or other political cor
poratlon or fsubdivision Of the state, shall
be allowed to become Indebted In any
manner or for any purpose TO an amount
exceeding IN any year the income ana
revenue provided for such year, without
the assent OF two-thirds of the voters
thereof voting at an election TO be held
for that purpose, nor IN cases requiring
such assent shall any Indebtedness be al
lowed to be incurred to an amount in
GLIDING existing indebtedness, In the ag-
gregate exceeding hive per centum on the
value of the taxable property therein, to
be ascertained by the assessment next
before the last assessment for state and
800. ArattnfsaN - Aha. fnog4tr-
ing Of such Indebtedness: Provided, that
with such assent any county may be al
lowed to become indebted to a larger
amount for the erection Of a court house
or jail; and provided further, that any
county. city. town, township, school dis
trict, or other political corporation or
subdivision of the state, mourning any
indebtedness, requiring the assent OF the
voters as aforesaid, shall, before or At
the time OF doing SO, provide for the coli
I lection Of an annual tax sufficient to pay
the interest on such Indebtedness as II
falls due. and also to constitute a sink
ing fund for payment OF the principal
thereof within twenty years from the
vided, that in the city Of st. Louis
the amount OF bonds now ~aggregating
gill, 900, that being the amount assumed
by said city in the scheme Of separation
from the county of st. Louis, and the
sum OF S5,80S, 900 heretofore prior to jan
uary /, 1901, expended In the construction
OF waterworks for the city of st. Louis,
ana any bonds which may be hereafter
issued by said city in the construction
and Improvement Of waterworks, the
payment Of the interest wherein and the
principal whereof shall be provided from
the revenue of said waterworks; that Is
to say. the amount Of said bonds which
shall be outstanding at any time shall not
be included in the computation of the ex-
listing bonded indebtedness In determining
the amount OF bonds authorized to be is
sued by said city with the assent of two
thirds of the voters under the provisions
az this article, but said city shall be au-
thorized at any time to issue bonds with
the assent aforesaid to an amount includ-
ing the outstanding Indebtedness other
than that above named. to the amount
OF FIVE per cent. Of the value Of the
taxable property In said city, to be as
certained as above provided, and said city
shall have power, with such assent OF the
voters, to issue bonds for the construc-
ton and Improvement of waterworks. the
Interest wherein and the principal where
Of shall be provided for from The income
OF said waterwoTks. Said city shall es-
tablish a sinking fund for the payment
Of the bonds so authorized according to
the times fixed from the maturity Of the
same: Provided, further, that in the city
~ Kansas City, the amount Of bonds
issued by said city, bearing date July /,
1896, for acquiring waterworks and all
bonds hereafter issued In renewal OF said
bonds or any portion thereof shall not be
included in the computation Of the exist
ing bonded Indebtedness Of said city in
determining the amount of bonds author
ized to be Issued by said city, with the
assent of two-thirds Of the voters under
the provisions OF this article, but said
CITY shall be authorized at any time to
issue bonds with the assent aforesaid to
an amount including outstanding in
debtedness, other than that above named,
10 the amount Of five per centum OF the
value Of the taxable property in said city
70 be aeceftained as above specified.
SEVENTH CONSTITUTIONAL
NEUTRALITY-SUSPICIOUS. Joint and concur
rent resolution submitting to the qualified
voters OF Missouri IN amendment to the
constitution thereof to define the status
OF the state certificates OF indebtedness
now on deposit In the state treasury and
held IN trust for the public school fHnd"
and the Seminary fund" to extend and
perpetuate the same; to provide fer the
payment OF the interest thereon; and to
provide for the future Investment OF
school and seminary funds.
9s A. resolved bv no Senate, the HoAse OF
Representatives. concuyTin0 therein, as fol-
loDe:
That at the general election, to be held
on the Tuesday next, following the first
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