Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1911-04-28

PROPOSAL OF AN ACT OF THE 4sTH
GENERAL. ASSEMBLY OF MISSOURI
FOR THE RATIFICATION THERE
OF 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 rs follows. to-wit:
AN ACT
Authorizing and directing the contracting
Of the liability OF the state of Missouri
by the Issuance of its state bonds In q
sum. not to exceed three n one-half
millions of dollars, and for the sale of
building, furnishing and other equip
ment of a new state capitol at the pres
ent snat 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
aCCru3Gg thereon.
Be " enacted by tho General Assembly
OF the State OF Missouri, as follows:
Section /, That the contracting of the
liability of the state OF Missouri by the
isst.3;ire of its bonds in an aggregate sum
not IN exceed three and onc-half millions
of dollars rendered necessary by the nn-
foreseen emergency of the destruction of
the state capitol by fire., is hereby au-
thorized and directed. said bonds to be In
the denomination of one thousand or five
hundred dollars each; or of both said de-
tlpItlillsillDtlS iiS llS aSltlt DDdlu VI lullu
commissioners ma determinc) and be
payable thirteen years from the issuance
thereof; shall he payable to bearer in
lawful money of the United States, and
shall bear interest ut a rate not to ex-
coed three and one-half per ccntum a
| year las the state board of fund commits
| sioners may dctermine), payable semi
annually on the first days of January and
July Of each year, and TO TINT end suit
able coupons shall be attached to each
bond for the payment OF said interest;
each coupon shall a Il fac-simile of the
signature of the state treasurer engraved
thereon. Said bonds shall be redecmahle
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 he registered
by the state uditor to which he shall
| certify on each bond. and authenticate
such registration by his signature and his
official seal attached; said bonds. when so
| prepared ard executed under the super
vision Of the state board of fund commits
sioners, shall be sold to the best advan-
tage by said board, but for not less than
par. The proceeds of said sale or sales
shall constitute Il fund to be designated
as the capitol building fund. and shall be
applied exclusively to the building of a
new state capitol at the present seat OF
| government of the state. including the
furnishing and other equipment of said
building and the purchase by the state of
duulllOHdi CapltOl premises UuJOlilllE those
now owned by the state: Provided. that
three hundred thousand dollars OF said
fund, or so nue. thereof rs may be nee
essary, shall be applied to the furnishing
and other equipment OF said capitol. and
two hundred thousand dollars of said
fund, or 50 much thereof MS may be nee
essary. shall be applied to the purchase
OF lam ~(adioining the present state cap
itol premiscs) for additional state cap
itol premises: Provided. also, that said
building shall be constructed with native
Missouri granite and stone. Contract or
contracts for expenditures to carry out
the purposes Of this act in excess OF said
three and ore-half millions OF dollars.
with interest collected thereon. shall. 10
the amount of said excess. be illegal and
void and forever ~uon-payable.
Sec. 2. That the general assembly shall
and does hereby levy an annual tax OF
two cents or the one hundred dollars val
uation 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 fur for the payment there
OF, said taxes, beginning with the year
1912, to be levied and collected annually
as in case of other state taxes In this
state, until said bonds are fully paid.
Sec. .. That this act shall go into eff
feet and he In force from and after its
ratification 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 3 of
section a., article Nv OF the Constitution
OF this state,
Approved March 1G, 1911.