The Butler weekly times. (Butler, Mo.) 1881-1918, 1911-07-06

PROPOSAL OF AN ACT OF TIE 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
ONTUESDAY. AUGUST, /, 1911
said act Of the general as, emily 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
issuance of its state bonds in q sum, not to
exceed three and one.hHlf mil lions of dollars,
and for the sale OF said bonds, to provide
means for the building, furnishing and other
equipment of new state capitol at the pres
ent seat Of government, uf the state, and for
the purchase of additional state capitol prem
Uses, and also providing for the payment. of
said bonds and interest accruing thereon.
Be it enacted by the General Assembly of the
State of Missouri, a follows:
Section i. That the contracting of the liabil-
ity of the state OF Missouri by the issuance Of
lis bonds in an aggregate sum not to exceed
three and one half millions OF dollars (rendered
necessary by the unforeseen emergency Of the
by authorized and directed said bonds to be in
the denomination of one thousand or five hun
bred dollars each, or Of both said denomina
tions las the state board of und commissioners
may determine) and be pa able thirteen years
from the issuance thereof; shall be payable to
bearer in lawful money of the United States,
and all bear interest at . rate not to exceed
three and one-half per centum year (as the
1oP rup mi oein mi
mine), payable semi annually on the frat 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; zach cou.
pom 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
py bis signature and his official seal attached;
said bonds, when 80 prepared and executed,
under the supervision of the state board of
fund commissioners. 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 fund to be designated as the capi-
toll building fund, and shall be applied exclus
lively to the building of q 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 additional capitol premises adjoining those
now owned by the state: Provided, that three
hun tired thousand dollars OF said fund, Or 80
much thereof as may be necessary shall be
applied to the furnishing and other equipment
of said capitol. and two hundred thousand dol
lars OF said fund, or 40 u UGH thereof rs may be
necessary, shall be spilled o the purchase Of
land fadjoinng the pres MT state cap tai prem-
ses) for additional state capitol premises:
Provid d, ALEC, that .aid building shall be con-
structed with native Missouri granite and
stone Contract or contracts tor expenditures
10 carry ont the purp ses OF his actin txcess of
said three and one-half millions of dollars with
interest collected thereon. shall, 70 the amount
of said excess, be illegal and void and forever
non payable.
Sec. That the general assembly shall and
does hereby levy an animal tax Of two cents on
the one hundred dollars valuation Of the tax
able property in this state for the pay mint Of
the accruing interest on said bonds and for the
creation OF q sinking fund for the payment
thereof, 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 pail.
Sec. 5. That this act shall 90 into effect and
be 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 a.
sembly, as contemplated and required by
clause of section a. article w Of the Constitu
lion of this state.
Approved March l6. 1911