Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1914-10-23

Section I. Municipal indebtedness-limit
| of-how Neutrality-suspicious. as to st.
Louis and Kansas City.-Section IL OF
article Y OF the Constitution OF the state
| Of Missouri shall be amended by insert
ing after the following words Provided,
| further. that in the city of Kansas City.
| the amount of bonds issued by said city.
bearing date July III. z. 1895. for acquir-
! ing waterworks and all bonds hereafter
| issued In renewal of said bonds. OF any
| portion thereof. shall not be Included in
the computation of the existing bonded
/ Indebtedness OF said city in determining
the amount OF bonds authorized to be
issued by said city. with the assent Of
two-thirds OF the voters under The pro-
visions OF this article, but said city shall
be authorized at any time to Issue bonds
with the assent aforesaid. TO an amount,
including outstanding Indebtedness. other
than that above named, to the amount
OF five per centum OF the value of the
taxable property in said city, To be as
~oertained as above specified the follow
lowing words Provided, further, that
Kansas City may acquire by purchase,
condemnation or construction, water
works, gas works, electric light works.
street railways. telegraph and telephone
systems. heating plants or any other
plant or public service institution within
or outside of the limits OF said city, for
. VI nv a - 80 80 ~
the purpose OF paying therefor. in whole
or in part. may issue public utilities
bonds, which public utilities bonds shall
not be included in the liabilities or In
debtedness Of the city limited by the
prior provisions of this section; but the
total amount of such public utilities bonds
to be issued by Kansas City shall not
exceed twenty per centum of the value
OF. the taxable property in said city to
be ascertained as above specified. the
principal of said public utilities bonds
shall not constitute an obligation of the
city enforcible out of the funds raised
BY taxation, but the principal of each
issue Of such bonds shall be payable out
of the earnings or sale of the utility or
plant for the acquisition or purchase of
which such issue was made. The interest
on such bonds and a sinking fund for
the payment Of the principal at ma
turity shall he paid out of the earnings
or sale OF the utility. or out of funds
raised by taxation, or both. as shall be
provided in the ordinance authorizing the
issuance OF such bonds. Such city shall
have power 10 execute it's mortgage or
mortgages ON any such utility. or any
addition thereto. or extension thereof, TO
secure the payment OF such public utili-
ties bonds, and in ease of default in the
payment of such public utilities bonds,
OF interest thereon, said bond holders,
or their representatives, may apply to
any court OF competent Jurisdiction sitting
in Jackson county, Missouri. au1 said
court may. If said default continue, APP
point a receiver TO take charge of such
property and such receiver shall operate
said property pending sue proceeding in
such court and until Il final decree OF
foreclosure in such proceeding and for
a period Of one year thereafter. during
which period the city may, upon pay
ment to the bond holders OF all indebted
ness past due and court costs accrued
to the date of payment, retake said prop
erty. IL said property is not thus re-
taken by the city within said period Of
redemption. said receiver shall deliver
said property TO such party as the court
III such action may order. and thereupon
all liability of the city on said bonds
shall cease and determine and its rights,
as owner, of said utility or plant, shall
cease and determine; and thereafter said
utility or plant shall be operated by the
party named in said order Of the court,
or his successors or assigns, In con-
formlty with and subject to the pro-
visions Of the ordinance authorizing the
acquisition or purchase or construction OF
said public utility or plant and the iSsu-
ance of bonds therefor; but Kansas City
shall NOT ISSUE any such bonds without
the assent of two-thirds of the voters
lHtit Ol NuiliIS bU that pIOpOslltOi ut iii
election To be held for that purpose; and
such proposition may be submitted At a
special election or at a general election,
lit either of which events Ii two-thirds
OF all the legal votes cast OIL such prop
osition are in favor of the issue OF said
bonds. the city shall AVE authority to
issue the same; and Kansas City may
also issue it's bonds other than pubic
utilities bonds. for the in whole
nr in mart fnrs lRlrl nIglIin tgGtiiffyL and
such bonds other than public utility bonds
shall constitute a direct obligation OF the
CITY. but, the total amount of such bonds
other than public utility bonds shall not
exceed In tile aggregate live per centum
On the taxable property therein. as here
inbefore provided. Such Utility may be
acquired by condemnation proceedings In
the same manner that Kansas City may
acquire real estate for public purposes.
or III such other manner as may be pro-
vided by law. But whenever any public
utility is being operated by any person,
firm or corporation under a grant OF per-
init from Kansas City, and the owner
and operator OF such utility is complying
with the provisions OF the grant under
which the same is being operated. and
with the laws and ordinances to which
such utility and its owner are subject,
and with all eaSona de orders of any
public officer, committee. commission or
other authority having the power to make
such orders the city shall not have power
TO acquire such utility except as provided
in such grant, or by agreement with the
owner thereof. But the judgment Of any
court OF competent jurisdiction that such
owner or operator OF such utility is not
complying with such obligations, duties
or orders shall authorize the acquisition
by Kansas City OF such utility.
THIRD CONSTITUTIONAL AMEND
MENT
Joint and concurrent resolution sub
hitting to the qualified voters OF the
state of Missouri an amendment to the
Constitution thereof, concerninE tax
alton.
Be II tesoiUcd by the Senate, The House
Of Representatives. concHfria0 therein:
That at the general election to- be held
on Tuesday next following the first Mon
day In November, 1914, the following
amendment to the Constitution of Mis-
souri,, concerning taxation, shall be sub
mitted TO the qualified voters OF said
state, to-wit:
Section !, That article Y OF the Con-
stitution of Missouri he and the same
is hereby amended by adding thereto one
new section, TO be known as section
t~wenty-seven t2I. which Is in words and
figures as follows;
Section q, A state tax OF ten cents on