Mexico weekly ledger., 1911-07-27

PROPOSAL or An ACT OF THE 4sTH
GENERAL ASSEMBLY OF MISSOURI
FOE THE RATIFICATION THERE
OF BY THE VOTERS OF SAID STATE
THAT PURPOSE ON TUESDAY, AU-
GUST ], 1871,
Said act Of the general assembly being
In words and figures as follows, to-wit:
AN ACT
Authorizing and directing the contracting
OF the liability cf the state Of Missouri
by the issuance Of its state bonds In a
sum, not to exceed three and one-hslf
millions Of dollars. and for the sale OF
said bonds, % provide means for the
building. furnishing and other equip
ment Of a new state capitol at the pres
ent seat of government Of the state, and
for the purchase Of additional state
' capitol premises, and also providing for
- the payment of said bonds and interest
accrulng thereon.
Be 1t enacted by the General Assembly
OF the State Of Missouri. Is follows:
Section !. That the contracting Of the
liability OF the state Of Missouri by the
suaHc of its bonds in an aggregate sum-,
hot 70 exceed three and ~ millions
OF dollars trendered necessary by the I'M
toreseen emergency OF the destruction Of
the state capitol by hrel. is hereby au-
thorlzed and directed. said bonds 10 be in
tne denomination Of one thousand or five
hundred dollars each. or Of both said de-
nominations las the state board Of fund
commissioner may determined and be
payabfe thirteen years from the issuance
thereof 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-han per centum a
year Gas the state board Of fund commits
%sioners may determined, payable semi
annually on the first days Of January and
July Of each year. and to that end suit
sble coupons shall be attached to each
bono fof the payment or said interest;
each RnNVFWrH EHnn harnn &. F@-rNwaHlA a -
signature Of the stat. treasurer engraved
thereon said bonds shall be redeemable
81 the option Of the state after eight
years from date. shall be signed by the
governor, ana be countersigned by the
secretary Of state. with the great seal on
the state attached and shall be registered
by Tie state auditor. to which he shall
CERTIFY on each bond, and authenticate
such registration by his signature and his
official seal attached. said bonds. when 90
repaired and executed. under the SUPER
vision II the state board OF fund commits
slohsth shail Be sold 20 the best adam
take ny sald board, bat for not less than
par. The proceeds Of said sale or ssles
shall constitute a fund TO be designated
as the capitoi building fund. and shall be
applied exclusively 10 the building ~ a
new state capitol at the present seat Of
government Of the state. Including the
furnishing aHa other equipment OF said
building ard the purchase BY the state Of
additional ca pitOl premises adjoining thosa
- 4N E"E IT AhA aHAENl IhEI D.
lhree hundred thousand dollars Of said
fpnd or SO much THEREOF as may be nec-
essary shan be applied to the furnishing
ana other equipment ~ said capitol and
NO hundred th0us1ad dollars Of said
iuhd, or SO much thereof as may he nee
essary small be applied to the purchase
% iand i~aoJoining the present state cap-
itoi pfenlsesl Tor additional state cap
itoi premises Provided. also. that said
eHildine SHAH be constructed with native
htasouri granite and stone. Contract or
conttacts for expenditures 70 carry mpt
the purposes OF This etf IN excess OF said
three Hnd one-half billions Of dollars
with Interest collected thereon. shall. IN
me amount Of said excess, be Illegal ana
void and forever non-psyable.
Sec .. That the general assembly shall
and does hereby levy an annual tax IN
TWO cents on the one hundred dollars VAL
nailon OF the taxable property in this
slate Tor the payment o. the accruInR in
terest on said bonds and for the creation
OF a sinking fund for the payment there
Of. said taxes, beginning with the year
1872, to be levied and collected annually
as 10 case Of other state taxes IN This
state, until said bonds are fully paid,
Sec. 3. That this act shall 10 into ef-
feet and be in force from and after lis
ratification by the voters Of this state ri
election 10 be held for the burmese
authorized by the general assembly a.
and required by clause 4 ~
section "a article " Of the Constitution
Of this state.
Approved March 1s, 1911.