The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1902-10-11

amendment to the constitution Of the
stapC OF Missouri concerning revenue and
taxation. shall be submitted 70 the quail
fed voters 81 said state 70 wit.
That section AZ of article x Oi Lhe
constitution Of the state q Missouri, be
amended by adding after the word
same IN the last line Of SAID section,
the following.
Provided. that ia the city OF St Louis
the mount OF bonds now ~agsregating
Sill ,oe9, that being The amount assumed
BY sid city In the scheme Of separation
from the county OF ST. Louis, ana the
SUM Of S,N.,,00 heretofore prior 10 jan
lafy 4 1891, expended in the CONSTRUCTION
Of WaterWOrks for the city OF St. Louis,
T. any bonds which may be hereafter
issued BY said city In tue
and Improvement Of watecworks, the
payment OF the Interest Whefeon and the
principal whereof shall be provided from
the revenues OF said waterSOrks; that IS
10 say, the amount OF said bones Whlcn
shall he outstanolnH az any time ahal not
be included IN the computation OIL the eN-
listing bonded Indebtedness In determining
the amount Of bonds authorized TO be Is
sued ~ said city with the assent OF two
thirds Of the voters under the provisions
~ this article, but said city shall be au-
.a.rlzed at any time to issue bonds with
the assent aforesaid to an amcunt IN
Guiding outstanding Indebtedness other
than that above named, to the amount
OF five per cent. OF the value Of the
taxable property IN said ely. 10 be as
oerlained as above provided, and said city
shall ave power, with such assent OF the
voters, to issue bonds for the construc-
ton n Improvement Of watecWOrks, the
interest wherein n 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 liked from the maturity of the
M Provided, further, that IN the city
Of Kansas City, the amount OF bonds
issued by said city, bearing aate July /,
1850, fvt 1e4ua.lD5 wat :TcrFF ana all
bonds hereafter issued Ia renewal Of said
bonds or any portion thereof shall not be
Included In the computation OF the exist
irg bonded Indebtedness Of salo 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 his article, but said
city shall be authorized at any time TO
/ sue bonds with the assent Aforesaid TO
aa amOuat including outstanding in
deotedpess, other than that above named,
to the amount OF i've per centum OF the
value of the taxable property IN said city
to be ascertained as above specified so
that 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
p~Oration or subdivision Of the state, shall
be auowed to become Indebted IN any
manner or for any purpose to an amount
exceeding IN any year the income n
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 III cases requiring
such assent shan any Indebtedness be al
lowed 20 be incurred to an amount in
GLIDING existing Indebtedness, In the ag-
gregate exceeding five per centum on the
value u LAS -A-s-.- t4, 20
be ascertained by the assessment next
& hefQtf If rssl..--1. ~. llaLe and
/ gaHn4N 4. 4aIH4L4.AM nTaVflIIG In tho mourn
Ing Of such indebtedness: Provided, that
with such assent any county may be al
.oHsa 10 become indebted to a larger
amount for the erection Of (. 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
Yolere as aforesaid, shall, seio, or at
the time of doing 50, provide for the col
lection of an annual tax SUFFICIENT to pay
the interest or such Indebtedness as It
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: Pro-
vided. that in the citv of st. Louis
the amount Of bcl1 Ao~ a~ggregating
Sc III Gao. that being tho amount assumed
BY saIu cay Il. Tie selelue VI separation
from the county of st. Louis, and the
sum Of S5,S08, 900 heretofore prior to jan
uary 1, 1901, expended n the construction
I OI WHlGIWOIk6 LOI Tie CITY u OF. AUulS.
and 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 w-aterworks; that is
10 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
IA 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 nave power, with such assent of the
voters, to issue bonds for the construc-
ton and improvement of waterworks, the
interest whereon and the principal where
of shal be provided for from the income
} of said waterworks. Said city shall es-
tablish n 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
issued by said city, bearing date July l,
1896, for acquiring waterworks and all
bonds hereafter issued in renewal Of said
bonds or any portion thereof shall not be
llCluuNh III AA1 1NAAABaN@NANA u AhE CAAoI7
: ing bonded Indebtedness Of said city in
determining the amount eff bonds author
lied to be issued by said city, with the
assent Of two-thirds of the voters under
J the provisions of lnis article, but said
t city shall be authorized at any time to
z issue bonds with the assent aforesaid to
an amount including outstanding in
3 debtedness, other than that above named,
to the amount Of five per centum of the
, value of the taxable property in said city
4 to be ascertained as above specified.
SEVENTH CONSTITUTIONAL
ACCOMMODATIONS 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
8 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 to
e provide for the future investment OF
school and seminary funds.
BE II resolved By the Senate, the House Of
Representatives. coHcurrin0 therein. as fol.
I0Us:
d That at the general election, to be held
: on the Tuesday next, following the first