The Rich Hill tribune. (Rich Hill, Mo.) 1903-1911, 1903-03-05

said bonds be secured by and be-
come a lien oa the county, road dis
trics, issuing the same.
That as soon as said bonds are
properly executed as shall be pre-
seribed by law, they shall be for.
warded 10 the proper state official
for registration and endorsement.
Said endorsement shall guarantee
on behalf Of the state the payment,
Of the par value and interest Of said
bonds. The bonds shall then be
forwarded 10 the treasurer Of the
United States, who shall, by author
ity Of congress, open and keep an
account with said bonds and state,
in the manner as accounts are now
kept with the national banks, and
shall issue in payment thereof, at
par value National Road Curren.
cy" in the manner as national bank
currency is now issued, but in de.
nominations not less than e dol
lars, aud forward same TO the state
treasurer, from whom the bonds
were received, to be used for the
building and constructing of the
roadway for which bonds were
issued, and for no other purpose.
Said National Road Currency
shall be a legal tender with all like
provisions as national bank currency
now is, but shall bear interest at the
rate Of one-half of one per cen, per
annum interest and principle pay
able at the United States treasurer
at the end of ten years from date OF
issue.
On receipt Of the currency by the
state treasurer, he shall place it to
credit Of its respective road organi-
cation account, and as the road
work progresses, as certified by the
lawful officials III charge Of the
work, he shall forward to said road
Official, such amounts as needed,
who shall sign and c~ountersign said
National Road Currency in tn,
manner as the officials of the ma
tional banks now sign nationa
currency, when il shall be ready fo'
circulation. Records of thes'
transactions shall be duly kept il
the state and county records as shall
be prescribed by law.
The county court shall annually
lew a lax at the time other tai
levies are made, on the RESPECTIVE.
road bonded counties, or road dis
~tricts, sufficient to pay the aunua
interest on the road bonds outstand
ling, and enough for a sinking fun
to retire each year one - part @
the bonds issued. These taxes ar
to be collected in the same mamie
as other taxes, and when collector
shall be promptly paid to the stat
treasurer, who shall see o il tina
interests and principals of said bond
as they become due. be prompt
paid to the treasurer of the Unite
! States. The object and intent IS
E pao off the entire issue within Ii
, time prescribed in the bonds, How
! ever, there shall be nothing to pre-
vent the maker of the bonds to pa
off any or all at any time they ma
1 select.
In consideration tina, the Unite
States government will have the al
D OF said roads for the mails and oil
y erwise, they shall pay to all suC
improved roads, when completed,
4 bounty Of not less than 10 per eei
OF the cost OF construction.
That, the states discontinue en-
ploying convict labor in manufa'
a turing articles Of merchandise
competition with free labor, but wi
employ its eonvie,s at road worI
6 aud in the manufacturing OF sew.
pipes, tiles, brick Or any other maj
n ufactured material. which ente
into the making aud constructing
lgood roads.
And that these articles so man.
} featured by the state, be furnish,
10 the public or to the contractors
: road work, AZ the actual get cost
e production, not charging anythil
for rhe convict labor enteril
therein.
Respectfully submitted,
CHARLES &. BILL.