Potosi journal. (Potosi, Mo.) 1894-1929, 1911-07-26

Notice is hereby given that pursuant
TO an act OF the 4eth General assembly
March gath. 1911, an election will be
held on TUESDAY, AUGUST I. 1911, at
the various polling places in said state
for the purpose Of the ratification thereat
by the voters Of said state of an act, in
words and figures as follows:
PROPOSAL OF AN ACT OF THE 46TH
GENERAL ASSEMBLY OF MISSOURI
PGS P0E 81 THE He, RATIFICATION THERE
OE BY THE VOTERS OF SAID STATE
At AN ELECTION TO BE HELD FOR
THAT PURPOSE ON TUESDAY. AU-
GUST l, 1911.
Said act of the general assembly being
In words and figures as follows wit:
AN ACT
Authorizing and directing the contracting
OF the liability Of the state of Missouri
by the issuance of its state bonds in a
sum, not to exceed three and one-half
! millions OF dollars. and for the sale of
I said bonds, to provide means for the
! building, furnishing and other equip
! ment OF new state capitol at the pres
/ eht seat OF government of the state. and
| Tor the purchase OF additional state
! capitol premises, and also providing for
the payment of said bonds and interest
acs ruing thereon.
Be 1t enacted by the General Assembly
OF the State of Missouri as follows:
:, Section l. That the contracting of the
ilabilltE or the state cf Missouri by the
ISSUANCE of its bonds in an aggregate sum.
not TO exceed three and one-half millions
OF dollars rendered necessary by the un-
loreseen emergency of the destruction of
me state capitol by tire), Is hereby au-
| thorlzed and directed. said bonds to be in
the denomination of one thousand or five
hund red dollars each or of both said de-
nominations tas the state board of fund
commissioners may Determined and be
payab Bile thirteen years from the issuance
tnefeo1; snail be payable to bearer in
lawful money Of the United States and
snan pear interest at rate not to ex-
ceed three and one-half per centum d
year tas the state board OF fund commits
sloners may deteImine). payable semi
annually on the first days of January and
Juiy OF each year. and to that end suit
able coupons shall be attached to each
bond for the payment OF said interest;
each coupon shall have facsimile of the
signature of the state treasurer engraved
thereon. Said bonds shall be redeemahle
at the option of the state after eight
years from date, shall be signed by the
governor, and be countersigned by the
secretary of state. with the great seal Of
the state attached and shall be registered
by the state auditor. to which he shall
certify on each bond. and authenticate
50; eaGa reslstratlon by his signature and his
Official seal attached; said bonds. when so
prepared and executed under the sIper-
vision OF the state board of fund commits
sioneTs, shall be sold to the best advan-
'age by said board, but for not less than
par; The proceeds of said sale or sales
shall constitute fund to be desfsna ted
as the capitol building fund and shall be
applied exclusively to the building of a
ht state capitol at the present seat of
government of the state. including tha
furnishing and other equipment of said |
building and the purchase by the state OF
aooitiona. capitol premises adjoining those
now owned by the state: Provided that |
thfee hundred thousand dollars of said |
tund. or so much thereof as may be nee
essary., shall be applied to the furnishing
and other equipment of said capitoI, and |
Two hundred thousand dollars of said |
fund, or so much thereof as may be nee |
essary. shall be applied to the purchase
or iand tadJoinlng the present state can
itoi premises) for additional state can |
itoi premises: Provided, also that said |
oulld1ng shall be constructed with native |
Missouri granite and stone Contract NJ. |
contracts for expenditures to carry ont
the purposes Of this act in excess of 50 ia |
three and one-haif millions of dollars
with interest collected thereon shall to |
the amount OF said excess be illegal anS |
VOID and forever non-payable.
sec = That the general assembly shall |
Two cents on the one hundred dollars val
uatlon OF the taxable property In this |
state for the payment of the accruing in |
terest on said bonds and for the creation
OF a sinking fund for the payment there
OF. said taxes. beginning with the year
i912. to be levied and collected annually
as In case Of other state taxes in this
state, until said bonds are fully paid
Sec J. That this act shall go into eff |
rect and be in force from and after its |
rauncaton by the voters Of this state at |
an election. to be held for the purpose |
authorized by the general assembly as
contemplated and required by clause 2 of |
section a. article " Of the Constitution
OF this state.
Approved March lc 1911