Potosi journal. (Potosi, Mo.) 1894-1929, 1911-04-26

NOTICE OF SPECIAL STATE
ELECTION.

Notice IS hereby given that pursuant
March 24th. 1911, an election viii be
held on TUESDAY. AUGUST I, 1911. at
the various polling places in said state
tor the purpose OF the ratification thereat
oy the voters OF said state os an act. in
words and figures as follows:
PROPOSAL OF AN ACT OF THE 4GTH
GENERAL ASSEMBLY OF NILSSON RI
FOR THE RATIFICATION THERE
OF BY THE VOTERS OF SAID STATE,
AT AN ELECTION TO BE HELD FOR
THAT PURPOSE ON TUESDAY. Atr-
GUST /. 1911.
Said act Of the general assembly being
In words and figures follows, to-wit:
AN ACT
Authorizing and directing the contracting
OF the liability Of the state of Missouri
oJ the issuance of its state bonds in A
suEl not 10 exceed three and one-half
millions of dollars. and for the sale Of
SAID bonds. to provide means for the
building furnishing and other equip
ment of IA new state capitol at the pres
ent seat of government of the state. and
Tor the purchase of additional state
capitol premises, and also providing for
az, rulng thereon.
Be it enacted by the General Assembly
OF the State of Missouri. AS follows:
SECTION |. That the contracting of the
I
issuance Of it's bonds in an aggregate sum.
not 10 exceed three and one-half millions
OF dollars trendered necessary by The. rn-
toressen emergency of the destruction of
tne state capitol by fire.. Is hereby
thor1zed and directed, said bonds to be in
the denomination Of Ole thousand or five
hundred dollars each. or of both said de-
nominations tas the state board of fund
commissioners may determine} and be
payable thirteen years from the issuance
,hefeof: shall be payable to bearer in
lawful money Of the United States and
shall bear interest at a rate not TO ex-
ceed three and One-haif per centunl q
year tas the state board of fund commits
sIoners may determine) payable semi
annually on the first days of January and
July 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 redeemable
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
SUCH registration by his signature and his
oniciai seal attached, said bonds when so
prepared and executed. under the super
vision Of the state hoard of fund commits
sioners. shall be sold 10 the best advan-
tage by said board. but for not LEGS than
pa Inc pfoCGclS OF dlu sale safes
snail constitute q fund to be designated
as the capitol building fund. and shall be
applied exclusively to the building Of a
n state capitol AT the present seat IF
government Of the state. including the
furnishing and other equipment OF said
building and the purchase by the state Of
additional capitol premises adjoining those
now owned by the state: Provided that
shTee hundred thousand dollars OF sr il
Idild. or so much thereof may be nee
essary. shall be applied to the furnishine
ana other equipment of said capitol and
,wo hundred thousand dollars of said
'und, or 50 much thereof may be nee
rssary. shall be applied to the purchase
u ialld tad1olnlng the present state cup
foi premises) for additional state ,ai-
Itoi premises: Provided also. that said |
building shall be constructed with native
Missouri granite and stone. Contract or !
contracts for expenditures to carry out |
ne purposes OF this act in excess of said
three ana one-half millions of dollars
with interest collected thereon. shall to |
Lhe amount OF said excess. he Illegal ana |
void and forever non payable
Sec. >. That the general assembly shall |
and does hereby levy m annual tax of |
-wo cents On the one hundred dollars val |
IA ton of the taxable property in this
state for the payment of the accruing in
.erest on said bonds and for the cre3tion
,f sinking fund for the payment there !
of. said taxes. beginning with the wear
''l2. to be levied and collected anniIaily
As IN case of other state taxes IN this |
state. until said bonds fully paid
Sec. ;. That this act Shall go into ef-
'ect and be in force from and after its |
ratification by the voters If this state At |
an election, to be held for the pIri,oSp |
authorized by the general assembly AZ
and required by clause :! of |
II this state.
Approved March IL. 1911