The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1902-10-18

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amendment 70 the constitution OF the
stat a. "a sour. concerning revenue n
taxation, shal he submitted TO the quail
fled voters Of said state, to wit:
That section u of article X Of the
constitution Of the state OF Missouri, be
amended by adding after the word
same" in the last line OF said section.
the following:
provided. that In the city Of St Louis
the amount OF bonds now a~gsresating
Il, III, 600, that being the amount Assumed
b. said city In the scheme Of separation
from the county OF st. Louis, and the
sum OF N,SQS 900 heretofore prior 10 jan
u8ry l, III, expended In the construction
OF waterworAs for the city OF 81. LOUIS,
and any bonds which may be hereafter
issueo by said city ia the construction
and improvement OF waterworks, the
payment OF the interest wherein n the
principal whereof shall be provided from
the evenu OF said waterworks; that Is
to say, the amount OF said bonds Whlcn
shall be outstanding at any time shall not
be Included Ia the computation OF the eN-
lsting bonded indebtedness in determining
the amoun Of bonds authorized TO De 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-
thor .lsS az any time to issue bonds with
the assent aforesaid to an amount IN
GLIDING 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 liked from the maturity OF the
same: Provided, further, that In the city
OF Kansas City, the amount of bonds
issued ny said city, bearing date July /,
li95, for acquiring WaterWorks n all
bonds lelcaltet IssGeO "a relsfNHl OF salu
bonds or any portion thereof shall not be
Included in the computation Of the exist
ing bonded indebtedness Of said city in
d. terminlng 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, but said
C.ty shall be authorized at any time to
issue bonds with the assent aforesaid to
an amount including outstanding In
u-btedncS5, oll.sE -nan that above named,
to the amount of i've per centum of the
value Of tile taxable property In said city
to be ascertained AS above specified so
tndt said section of the constitution,
when amended, shall read as follows.
Section ~. Municipal Indebtedness,
Linn ot.-No county, city, town, town
Allp, school district or other political cor
To. alton or subdivision Of the state, shall
be allowed to become indebted in any
manner or for any purpose to an amount
G.. ceeding in any year the income and
revenue provided for such yea, without
Tie assent Of two-thirds of the voters
t.,ereof voting at an election to be held
Tor that purpose, nor In cases requiring
och assent shall any indebtedness be all
lowed TO be incurred to an amount in
Guiding existing Indebtedness, In the ag-
sfCgate exceeding 1ve per centum on the
value OF the tavahia nrnnprtv therein. to
be ascertainen ny Ine u.-, 4-
before the last assessment for stata and
ing of such Indebtedness. Prov lded, that
with such assent any county may be al
lowed to become indebted TO u 'arSer
amount Tor the erection OF a court house
or Jail; and provided further, tina any
county, city, town, township, school dis
tritt, or other political corporation or
yabdiv ision Of the STATE, mourning any
Indebtedness, requiring the assent of the
the time OF doing So provide for the coll
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
vided. that In the city Of st. Louis
the amount of ponds now -sgrregating
Gill, 900, that beirg ths a.Ao4... assumed
Nv sold city il he scheme a. ,o~'ra'ion
/. ON the county oI 81 Louls, and tile
sum of S5,S08 900 heretofore prior to jan
uary /, 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 w~aterworks, 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
hall be outstanding at any tim shall not
be included in the computation Of the ex-
Lifting bonded Indebtedness In determining
IN 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 aus
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
If the bonds so authorized according ia
TIT HAN ~ ~ AAAAA . VI AAA
same: Provided, further, that In the city
Of 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
lied 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 10
an amount including outstanding in
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.
SEVENTH CONSTITUTION
NEUTRALITY-SUSPICIOUS. 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 to
provide for the future investment OF
school INC seminary funds.
Be u resoIped bv the Senate, the House Of
Representatives concurriH0 therein, as fol-
That at the general election, to be held
on the Tuesday next, following the first