The Butler weekly times. (Butler, Mo.) 1881-1918, 1911-06-22

PROPOSAL OF AN ACT OF THE 46TH GEN.
ERAL ASSEMBLY OF MISSOURI FOR
THE RATIFICATION THEREOF BY THE
VOTERS OF SAID STATE AT AN ELEC.
TON TO BE HELD FOR THAT PURPOSE
TUESDAY, AUGUST, /. 1911
Said act Of the general as' embly being IN
words and figures as follows 10 wit:
AN ACT
Authorizing and directing the contracting of
the liability of the state of Missouri by the
issnance OF its state bonds in sum, 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
equipment OF q new state capitol at the pres
ent seat Of government Of the state. and for
the purchase of additional state capitol prem
ises, and also providing for the payment of
said bonds and In terest accruing thereon,
Be It enacted by the General Assembly of the
State of Missouri, as folIoHs:
Section /. That the contracting Of the liabil'
ity of the state Of Missouri by the issuance OF
i,s bonds in an aggregate sum not to exceed
three and one-half millions Of dollars (rendcreo
necessary by the unforeseen emergency OF the
destruction Of the state capitol by fire., is here
BY authorized and directed, said bonds to be In
the denomination Of one thousand or 1--WE hun.
dred dollars each, or Of both said denomlna
t,ons (as the state board Of fund commissioners
NAV determine) and be pa able thirteen years
from the issuance thereof; shall be payable to
bearer In lawful money of the United States,
and shall bear interest at q rate NOT 10 exceed
three and one-half per centum year (as the
state board of fund commissioners may deter
mine). parable semi annually on the first days
of January and July Of each year and to that
end suitable coupons shall be attached to each
bond for the payment Of said interest; each cou
non shall have q 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 coun'ersgned
by the secretary of state, with the great seal III
the state attached, and shall be reetstereu ny
the state auditor, to which he shall certify on
each bond, and authenticate such registration
py his signature and his official seal attached;
said bonds, when 90 prepared and executed
under the supervision OF the state board OF
FIND commi. ioners, shall be sold to the best
advantage by said board, but for not less than
par. The proceeds Of said sale or sales shall
c institute q fund to be designated as the cspl-
tol building fund, and shall be applied exclus
lively to the building of new state capitoi 81
the present seat Of government OF the sla1e'
including the furnishing and other equipment
Of said building and the purchase by the state
Of add; ionsl capitol premises adjoining those
now owned by the state: Provided, that three
hun red Thousand dollars Of said fund, tr 90
much thereof ss may be necessary shall be
applied to the furDishing and other equipment
Of eaid capitol. and Two hundred thousand DOL
lars OF eaid fund, or 90 n UGH thereof as may De
necessary, shall be applied to the purchase OF
land tsdjoinng the prese mt state cap tai prem'-
seal for additional state capitol premises:
Proyid d, also, that laid building shall be CON
structed with native Missouri grauite and
stone Contract or contracts Tor expenditures
to carry out the purp SEES OF his actin EXCESS OF
said three and one-half millions of dollars with
int, rest collected thereon. shall, 10 the amount
OF said excers, be illegal and void and forever
non payable.
sec, That the general assembly shall and
dov hereby levy an animal tax OF two cents on
the one hundred dollafs valuation OF the TAX
able property In this state for the PAYNE OF
the accruing interest on said bonds and for the
creation OF sinking fund for the payment
thereof. said tsxes. beginning with the year
1919, to be levied and collected annually as In
osse Of other state taxes in this state until said
bonds are fully paid.
Sec. s. That this act shall 60 into effect and
be in force from and AFTER ito ratification by the
voters Of this state At an election. to be held
for the purpose, authorized by the general -
sembly, a. contemplated and required BY
clause Of section a. article ~ OF the Constitu-
ton Of this state.