Mexico weekly ledger., 1911-04-20

PROPOSAL OF AN ACT OF THE 18th
GENERAL ASSEMBLY OF MISSOURI
. THE RATIFICATION THERE
OF BY THE VOTERS OF SAID STATE
AT AN ELECTION TO BE HELD FOR
TINT PURPOSE ON TUESDAY. AU-
/ GUST /, 1911.
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 Of the state of Missouri
by the ISSUANCE Of lis state bonds In a
suIm, not TO 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 a 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
the ayment Of said bonds and interest
accruing thereon.
Be It enacted by the General Asserablv
OF the State OF Missouri. as follows.
Section I. That the contracting OF the
nabllTty of the state Of Missouri by the
ISSUANCE OF It's bonds In an aggregate sum
not TO exceed three and one-half millions
OF dollars ~-frendered necessary by the I'M
ioreseen emergency Of the destruction OF
ne state capitol by fire., is hereby au-
thorized and directed said bonas to be In
ine accumulation Of one thousand or five
hundred dollars each. or Of both said de-.
nominations Gas the state board of FIND
commissioners may determined and be
payable thirteen years from the Issuance
thereof; shall be payable To bearer in
laWIul money OF the United States. and
snail beaf interest at q rate nottto ex-
ceeu thfee and one-hah per centum a
year tas the state board Of fund commts-
sioners may determine), payable semi-
annually on the first days II January and
Juiy OF each year. n TO that end suit
dbie coupons shall be attached to each
bono tor the payment OF said interest
etch coupon shall have a facsimile Of Inc
signature of the state treasurer engraved
thereon. said bonds shall be redeemable
AZ the option Of the state after oiphi
years from date, shall be signed by the
soperhof, ana be eountersigned by. the
secretary Of state. with the great seal ~
the state attached. said bonds. when 40
ny the state auditor, TO which he nhnU
certify on each bond, and authontIaate
such registration by HIS signature and hie
onlcial seal attached said bonds. when 10
prepared and executed. undgr the e1Dpr.
vision OF the state board 81 fund rnmn,ia-
sloners, shall be sold 10 the beat adyan-
tase BY said board, hut for NOT leaa thar
par The proceeds OF said salo or gaiey
hhaH constitute q fund to be designated
as the capitol building fund and shail ~
applied exclusively TO the huiIding 81 !
new state capitol ut the present seat az
government Of the state, including ths
furnishing n other equipment al aaId
bullding and the purchase by The state Of
additional capitol premises adjoining fhos,
now owned by the state. Provided. tbaf
thfee hundred thousand dollars ~ said
una or 80 much thereof as may he nec-
essary, shall be applied to the FURNISHING
and other equipment Of said capitol. and
two hundred thousand dollars III said
tuhd or 50 much thereof as may be nec-
essary, shall be applied to the pnrchase
q land tadj6lning the present state can
itol premlses) for additional state can
itol premises. Provided, also. that asid
ouildlng Shall be constructed with nativo
Missouri granite n stone. Contract n,
contracts for expenditures 10 carry mi
the purposes Of this act In excess N esGa
three and onc-haif millions Of dollars
with Interest collected thereon. shall r.
the amount OF said excess, be Illegal ans
Fold ana forever ~non-payable.
sec, z. That the general assembly shall
ana uoes hereby levy an nnu tax Of
Two cents on the one hundred dollars val
uatiou of the taxable property ii thta
state for the payment Of me aecrujny ina
terest on said bonds n for the e~reatlon
or a sinking fund for the payment there
OF. said taxes, beginning with the veav
1917 TO be levied and collected AMMAN
as IN case of other state taxes In az
state, until said bonds are fully natd
Sec. 3. That this act shall 70 into a.
rect and be In force from and after W.
faufication by the voters Of this STATE al
an election, TO be held for the burmese
authorized by the general asseinhlv as
contemplated and required by clouse 2 IN
sectlon a; article Nv Of the Constituiion
Approved March 1s, 1911.