The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1902-10-04

amendment to the constitution OF the
state OF Missouri, concerning revenue ana
taxation. shaH be submitted % p qral-
fed voters OF said stale. to wit:
That section j. Of article y or lne
constitution OF the state Of Missouri be
amended by adding after the WoIo
same, In the last line Of said section
the following.
Provided. that IN the city Of ST Louis
the amount OF bonds now aggreeauif
S6,Iu 900, that being the amount ssumed
by said city in the scheme Of separatloA
from the county OF St Bouis ana tno
sum of S,SQS, 900 heretofore prior 10 jan
uary I, 1901, expended in the CONSTRUCTION
Of waterworks for the city Of St. LOUIS,
and any bonds which may be hereaile
issued by laid city in the constructors
and improvement OF waterWorks, -
payment Of the interest wherein anu ne
principal whereof shall be PROVIDED ltoM
the revenues Of said waterWorksi thet -
10 say, the amount Of said BONDS Whlch
shall be outstanding at any time shen not
be included in the computation OF the eA-
listing bonded indebtedness in determining
the amount OF bonds authorized TO be Is
sued by said city with the assent OF tHo-
thirds Of the voters under the PROVISIONS
of this article, but said city shall pc Az
thorized at any time to Issue oonos Win
the assent aforesaid to an amount IN
GLIDING outstanding indebtedness otnet
han hat above named, to the amount
Of five per cent. Of the value OF the
taxable property in said city, TO be as
c~ertained as above provided, ana sala city
shall have power, with such assent OF lhe
voters, to issue bonds for the cohsIruc-
ton and Improvement of waterworks, the
interest wherein and the principal where
of shall be provided for from the income
Of said waterworks. Said city shaN es-
tablish a sinking fund for the payment
OF the bonds so authorized accofdlhs 70
the times fixed from the maturity. OF tne
same: Provided, further, that IN the city
Of Kansas City, the amount OF Dohds
issued by said city, bearing GATE July \,
1895, for acquiring waterworks ana az
bonds hereafter issued in eneWal OF salu
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
ICED to be Issued by said city, with the
assent Of two-thirds OF the. voters undeCT
the provisions of this article, but SAID
CITY Shall be authorized &C any time 10
issue bonds with the assent aforesaid to
an amount including outstanding M
debtedness, 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 as above specified. 30
that said section Of the constitution,
when amended, shall read as follows;
Section u. Municipal Indebtedness,
Limit of.-No county, city, town, town
shin. school district or other political cor
poration or subdivision Of the state, shall
be allowed to become indebted In any
manner or for n purpose to an amount
exceeding in any year the income ana
revenue provided for such year, without
the assent OF two-thirds or the VOTERS
thereof voting at an election to be heTd
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 aB-
gregate exceeding five per centum on the
10, - tha taWah1a nrOnQrfW fhprpin 10
be ascertained by the assessment next
mfore the last assessment for state and
county purposes, previous 10 the lncurf-
ing of such Indebtedness: Provided, h
with such assent any county may be al
lowed to become indebted to a larger
amount for the erection OF a court house
on 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 col
lection of an annual tax sufficient to pay
the interest On such Indebtedness as 1t
falls due, and also to constitute a sink
ing fund for payment of the principal
thereof within twenty years from the
time of contracting the same: Pre-
vided, that in the city of st. Louis
the amount of bonds now aggregating
Sc, iii, 900, that being the amount assumed
by SAID city III lHe scnenie VI SepdIdtlOh
from the county Of st. Louis, and the
sum of $5,S0S, coo heretofore prior to JAM
nary 1, 1901, expended In the construction
of waterworks for the city OF st. Louis,
and any bonds which may be hereafter
issued by said city in the construction
and Improvement Of waterworks, the
nayment Of the interest wherein and the
principal whereof shall be provided from
Inc 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-
isting 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
Of 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 waterworks. 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, tina in the city
Of Kansas City. the amount Of bonds
issued by said city, bearing date July J.,
1896, for acquiring w~aterworks 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
lied to be issued by said city, with the
assent of two-thirds of the voters under
the provisions of mis- article, but said
I city shall be authorized at any time 10
issue bonds with the assent aforesaid 30
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 ascertained as above specified.
SEVENTH CONSTITUTIONAL
MISUNDERSTANDING joint and concur
rent resolution submitting to the qualified
voters Of Missouri an 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 fund.-
and the seminary fund.-" to extend and
perpetuate the same; to provide for the
payment Of the interest thereon; and te
provide for the future investment OF
school and seminary funds.
Be 1t resolved BY the Senate, the House Of
Representatives. coHcurTiD0 therein, as fol,
lotps.
That at the general election, to be held
on the Tuesday next, following the first
aAAn -