Potosi journal. (Potosi, Mo.) 1894-1929, 1911-04-19

PROPOSAL OF AN ACT OF TIE .srp
GEHhRAE EGS "a |, ASSEMBLY or MIssOJiR
EDt: The RATIFICk TON Tlfi,l,f:
OF, RY THE VOTERS OF SAID WITH ,rtTg =;
~ ~, An ELECTION TO BE HELD Fof;
j THAT PURPOSE ON TUESDAY, ~.
GUST l, 1911.
j., oaiI aet OF the general assembly being
J III words ana hsures as follows to-wft.
AN ACT
/ Authorizing and directing the coptractin,,
VI ttir LIABILITY of the state of Missouri
ny the issuance of its state bonds in a
sum, not to exceed three ana opa-bo ~
nlN'',s OF dollars, and for the sale of
SaH1 bonds. to provide means far. rho
btlliting, furnishing and other 4nI1jne
lheht OF = new state capitol al The. i,rcs-
Sl' Sttt OF government of the state and
ot ':r pofc!lase OF additional state
ctpitoi premises, and also proyidint. for
lilt payment of said bonds and Interest
accrUiEg thereon ~
% II IT,, Enacted by the General Assembly
OF the state of Missouri as follows.
Section : That the contra crins of ,rs
ildEiiltE OF the state Of Missouri by tne
tS9utiiF' 81 It's bonds in an aggregate sum
Iiot ~ exceed three and ont-half millions
oi dollars trendered necessary hy 1he t,.,
ioieSeeH emergency of the dest ruc1i,, ,t
the state capitol by fire. is hereby M,
,Io'iZto ana directed, said bonds To be in
49, !.r uIeholnliifttion Of one thousand or five
hulufed dollars each, or of both said do
nominations tas the state board of fn,,a
t"ilfiiiSsioners may deterninel and hr
!ihhSap!e thlr5een years from the issuance
titlFoI: snail be payable to bearer in
a"i ui money of the Cnited States an't
SiIaI pear interest at a rate not to ex
, r@@1 three and one-haif per centun :,
Year 'aS The state board of fund ro,nm-s
Si"hvfS may dettrmineD Day.f,Ia ,,.,,,f
fin"allS On the first days of January :rn..
1i' VI 'itN year. anG 10 that end suit
I've, hoir coupons shall be attached to ,arr, |
poi!a iof tlt payment of said intrr.s,
e:tch coupon shall have n fac-simile ,f ~, !
stsil'ti ure of the state treasurer enp-ra[|.6 /
1.cte"h. said bonds shall be retieenraII,. |
1T t-t option Of the state after ,irr, !
Years from date. shall be sirne9 NV -
HoNtiti nor. and be countersisned Inv fha !
- t'"t1fN OF state. with the great seal ,f /
the state attached. and shall be 1eg.stert d !
py TIRE state auditor. to which he shall |
certify on each bond and authentiraf, |
such registration by his signature and his |
oHlriHl seal attached; said bonds when so !
prepared and executed, under the super |
iSlnh OF the sta te board of fund commits (
SioheiS. shall be sold to the best adyan- |
tag" i,H said board, but fts not less than
par The proceeds of said sale or sale, !
silai M constitute fund 10 be desisna ted |
as The capitol building fund. and shall b,
applied exclusively to the builaip. Of :,
new state capitol At the present seat If
government of the state. including tn,
furnishing and other equipment of sail
building and the purchase by the state of
additional capitol premises adjoining thos.
no" owned by the state: Provided tha;
thrE'' hundred thousand dollars of said
ithd. or so much thereof as may be nee !
"Ssaiy. shah be applied TO the furuishinf-
ana "ther equipment of said capitol ;,ni
I W" hundred thousand dollars of said
!HAd. or SO much thereof as may be nee |
tSSafN. shall be applied to the plir<.hit>.
o! tand tadjolnins the present STATE. can
lto premlSeSl for additional state can |
ltol premises: Provided also that said
oullf!lng shall be constructed with natf-a i
missouri granite and stone. Contract or. |
contracts for expenditures to carry o,it
lhe purposes of this act in excess Of said |
three and one-half millions Of dollar
with interest collected thereon. shall. ia
the amount OF said excess. Re Illegal ana
'olu ana forever non-payable.
sec :: That the general assembly SI,al;
anu d0eS hereby levy an annual tax of
'Wn cents on the one hundred dollars val
uation Of the taxable property in fhls
stat" Tor the payment of the fccruins in
ter'st on said bonds and for the creation
u Il sinking fund for the payment there
o. SAID taxes. beginning with the yt.3r
i'l- to be levied and coll, cted annually
iS III caSt OF other state taxes in his |
+t3te, until said bonds are fully paid.
SEC. =. That this act shall go INTO 81
feet and be III force from and after is |
by the voters of this staff ..
an election. to be held for the r}fr,os.. |
authorized by the general assembly 4 |
contemplated and required by clause ? or
section H. article " of the Cofletit;;tt.i, !
If this state
Approved March 16. 1911