The Butler weekly times. (Butler, Mo.) 1881-1918, 1911-05-25

PROPOSAL OF AN ACT OF TIRE 4sTH GEN.
ERAL ASSEMBLY OF MISSOURI FOR
THE RATIFICATION THEREOF BY THE
VOTERS OF SAID STATE AT AN EI.EC.
TON TO BE HELD FOR THAT PURPOSE
bNTUEsDAY, AUGUST, !. 1911
Said ast Of tho general ~, emily being in
words and figures ~ follows to.wit:
ls AN ACT
Authorizing and directing the contracting Of
the liability Of the stase Of Missouri BY the
issuance OF it, atste bonds in . sum-. not u
exceed three and one.hAlf millions Of dollars,
and for the sale Of said bonds, to provide
means for the building. furnishins and other
equipment Of new state capitol at the pres
ent sest Of government Of the state. and fol
the purchase Of additional state capitol prem
Uses, and also providing for the psymen: OF
said bonds and 10 terest accruing thereon.
BE il enacted by the General Assembly of the
state Of Missouri, rs follows:
Section l.. That the contracting of the liabil.
ity Of the state Of Missouri by the issuance OF
iis bonds in an aggregate sum not to exceed
three and one-half millions Of dollars (rendered
necessary by the unforeseen emergency OF the
destruction of the state capitol by fire), lie here
BY authorized and directed, said bonds to be in
the denomination Of one thousand or Ave hun
dred dollars each. or Of both said denomina
tions (as the state board OF fund 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 shall bear interest at rate not to exceed
three and one-half per centum . year (as the
state board Of fund commissioners may deter
mine), syable semi annually on the fret days
of January and July Of each year and to that
end suitable coupons shali be attached to each
bond for the payment Of said interest; each cou
pom 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 countersigned
by the secretary Of state, with the great seal Of
the state attached, and ehall be resis, cred by
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
fund commits sioners, shall be sold to the best
advantage by said board, but for not less than
par, The proceeds Of said sale or sales shall
constitute fund to be designated 40 the capt.
toll building fund, and shall be applied sxclus
lively to the building Of . 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 add ionsl capitol premises adjoining those
now owned by the state Provided, that three
6hi i5ed thousand dollars Of ssid fund, CT DO
much thereof - may be necessary shall be
applied to the furnishing and other equipment
Of said capitol. and two hundred thousand dol
lars Of eaid fund, or 90 n UGH thereof 10 may be
necessary, shall b. applied TO the purchase Of
land tadjoining the present state cap tai premi-
ses) for additional state capitol premises:
Provided, sleo, that lsid building shsll be con.
structed with native Missouri granite and
stone Contract or contracts tor expenditures
to carry out the purposes OF this actin excess OF
said three and one-half millions Of dollars with
interest collected thereon shall, TO the amount
of said excess, be illegal and void and forever
non payable.
sec.2 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 payment Of
the accruing interest on said bonds and for the
creation o. . sinking fund for the payment
thereof, said taxes. beginning with the year
1919, to be levied and collected annually IS in
case Of other state taxes In this state until said
bonds are fully paid.
Sec. 3. That this oct shall 80 into eject and
be In force from and after Ito ratification by the
voters Of this state At IN election. TO be held
for the purpose, authorized by the general -
sembly, o contemplated and required by
clause Of section ~. article Nv Of the Constitu-
ton Of this etate.
Approved March IL. 1911