The Butler weekly times. (Butler, Mo.) 1881-1918, 1902-10-23

80 -. -. .y...vnt u me principal
thereof wIi4in tw-Gty years from the
t.a.e OF contracting the same: Pro-
ViCud that in the city d St Louis
tae AMOUNT " bonds now asgregauRs
S6lll.UuU. that being the amount assumed
by said city In the scheme OF separation
from the county Of 81. Louis, and the
sum OF S5.>us.p9 heretofore prior 10 jan
uary l. 1871. expended In the construction
Os wateTworks 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
payment OF the interest wherein and the
principal whereof shall be provided from
the revenue OF said waterworks; that u
To say, the amount OF said bonds which
shall be outstanding at any time shall not
lie included in the computation OF the eN-
listing bonded Indebtedness In determining
the amount OF bonds authorized 10 be is
sued Uy SAID city wltn the assent OF TWO
thirds OF the voters under tfo provisions
of this article, but said city all be au-
thorized al any time 10 issue bonds WAN
the assent aforesaid To an amount mcluu-
ing the outstanding Indebtedness otter
than that above named. TO the amount
of five per cent. of the value OF lne
taxable property In said city, TO be as
Ccrtaiued as above provided, ana SAID Guy
sGal have power, with sach assent Oh the
voters, TO issue bonds Tor the construc-
ton and improvement OF weterworks the
interest whercon and the principal where
OF SHAH be provided for from the income
OF sand wUtcTworkS, said city shail es-
tabish a sinking iund for the payment
OF the bonds SO authorized according 10
the times fixed from the maturity OF the
same: Provided. further, that in the cay
OF Kansas city, the amount OF bonds
issued by said city, bearing date July 1,
1885. for acquiring waterworks and All
bonds hereafter issued in renewal oil SAID
bonds or any portion thereof shall not be
Included N h. communication of the eNlSt-
ing bonded Indebtedness OF said city IN
determining the amount OF bonds author
izeI to bee issued 10y said city, with the
assent of Nv u-thirds Of the voters unutr
the .oVisons of this article, but said
city shall be authorized at 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 nve per centum OF the
value of ,"e taxable property in said city
to be ascertained as above specified
SEVENTH CONSTITUTIONAL
AMENDMENT.-Sena joint and concur,
rent resolution submitting To the qua!ined
voters OF Missouri AN amendment to the
constitution thereof 10 uenne the status
of the state certificates OF Indebtedness
now ON deposit In the state treasury ana
held in trust for the public school iund
and the seminary fund.- TO extend. ana
pcrpetuate the same. TO provide Tor the
payment of the interest thereon; and TO
provide for the future investment OF
school and seminary funds.
BE II resolved by the Senate. the House or
Representative concurring therein. as
follows.
That at the general election. TO be held
on the Tuesday next following the nrst
Monday In November, 1912, the following
amendment to the constitution or MIS-
souri, shall be submitted to the quaihed
voters OF said state to wit: That article
y OF the constitution OF the state OF mis-
souri, be amended by adding thereto a
new section, to be known as secuoh
/ twenty-siN ,2O, as follows:
Section %. All certificates of indebted-
7 uuss OF rrTU state 70 rns- '-pubtfc sc1uUf
fund" and to the seminary fund are
hereby confirmed as sacred Obligations
OF the state to said funds and they shall
be renewed as they mature Tor such
period of time and at such rate OF inter-
est as may be provided for by law. 1ne
| general assembly shall have the power TO
provide By law for the issuing eertihcates
| to the public school fund and seminary
! fund as the money belonging to SAID
funds accumuates In the state treasury
I Provided that after the outstanding
= bonded Indebtedness has been extln-
guished, all money accommodating In the
state treasury Tor above named purposes
shall be invested In registered county,
, municipal, or school district bonds of tins
| state of not less than par value. When
ever the state bonded debt Is extinguished
or sum sufficient therefor has been re.
/ csiveu, there snail be- levied and colecteu
' In lieu OF the ten cents on the one hum
| dred dollars valuation now provided for
by the statutes, an annual tax not 10 ex-
! coed three cents on the one hundred dol
| iars valuation to pay the acerulng IN
| terest on all the certificates OF indebted
| ness, the proceeds Of which tax shall be
| paid into the state treasury ana appro-
| priated and paid out for the SPECIFIC pur-
poses herein mentioned.
| EIGHTH CONSTITUTIONAL. AMEND
| MENI.-Join Int and, concurrent resolution
| providing for the amendment OF article
| ten * of the constitution OF the state
| Of Missouri, by adding new section
after section u Of said article, to be
| known as section la OF said article, re-
lating to the limit OF Indebtedness OF GER
| tain cities.
BE II resolved by the Senate, the House
| Of Representatives concurring therein,
as follows:
on Tuesday next following the first Mon
| day in November, \. d. 1902, the follow
| ing amendment to the constitution OF the
| state of Missouri, relating to the limit OF
| indebtedness of certain cities OF the state
of Missouri. shall be submitted Tor adop-
| ton or rejection, to the qualified voters
of the said state Of Missouri. TO wit:
That article ten OK Of the constitution
| OF the state OF Missouri, be and the same
| Is hereby amended by adding after sec
| ton IL of said article. new section, &c
| be known as section la OF article ten (x)
| and to read as follows:
tanning not more than thirty thousand
| (30,O00J nor less than two thousand C2,OOO)
inhabitants. may, with the assent OF two
| thirds of the voters thereof voting al
an election to be held for that purpose, bt
| allowed to become indebted In -largei
| amount than specified in section twelve
| Of article ten (X) of the constitution Of
| this state, not exceeding an additiona
| five 80 per centum on the value OF thu
taxable property therein, for the purpose
| of purchasing or constructing water
works, electric or other light plants, Il
be owned exclusively by the city SO pur
chasing or constructing the same: Pro
vided, that any such city mourning an,
such Indebtedness requiring the assent o.
the voters as aforesaid, shall have thu
power TO provide for, and, before or a
the time of mourning such Indebtedness
shall provide for the collection OF an an
nual tax in addition to the other take
| provided for by this constitution, sufh
cient to pay the interest on such IN
debtedness as it falls due, and also Z
constitute sinking fund for the pay
ment of the principal thereof withil
twenty years from the time OF contract
ing the same. any, provision In this con
stitution to the contrary, notwithstand
ing.
|. STATE OF MISSOURI-ss.
/, Sam b. Cook, Secretary Of State o
the State of Missouri hereby certify tina
, the foregoing are full, true and complet
copies of the concurrent resolutions Q
the Forty-first General Assembly OF tn