The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1914-10-23

ualiRed voters Of the state. to-wit'
Section 1. Municipal indebtedness-limit
,f-how increased-eXceptions as TO 81.
louis and Kansas City.-Section u OF =
article y Of the Constitution Of the state
Missouri shall be amended by insert
ing after the following words: 'PropidedS
that In the city OF Kansas Cty'
amount Of bonds issued by SAID Guy
bearing date July III, T. 1880 Tor acQulr-
ing waterwOrks and all ponds heIealtel
issued in renewal Of said bonds, or any
nortiop thereof. shall not be included IN
the computation Of the existing bonded
Indebtedness of said city in determining
the amount OF bonds authorized TO De
issued by said city, with the assent OF
two-tbirds of the voters under the pro
visions Of this article, but sald CITY shaIl
be authorized at any time to issue bonus
with the assent aforesaid, to an amount
including outstanding Indebtedness, othef
than that above named, TO the amount
of Ave per centum OF the value OF the
taxable property in said city, TO De as
~oertained as above specihed the IoNOW-
lowing words Provided, Tufthef n"'
Kansas City may acquire by purchase'
condemnation or construction, water
ys,rEs GAS works. electric light works.
street railways, telegraph and telephone
systems. heating plants or n DINER
nlant or public service institution within
or outside Of the limits Of said city, Tor
use of the citizens in said city. and Tor
the purpose Of paying therefor. in Wh9Ie
or in part, may issue public utlllues
bonds. which public utilities bonds shaLi
not be included in the liabilities or IN
d~ebtedness Of the city limited by the
prior provisions of this section; but the
total amount Of such public utilities Dohos
to be issued by Kansas City shall not
exceed twenty per centum OF the Yalue
Of the taxable property in said city 10
be ascertained as above ~specinedi the
principal Of said public utilities ponds
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 be paid out Of the earnings
or sale Of the utility, OF out OF FUNDS
raised by taxation, or both, as shall oe
provided in the ordinance authorizing the
issuance Of such bonds, Such city shall
have mower to execute It's mortgage OF
MORTGAGES on any such utility, OF any
addition thereto, or extension thereof 10
secure the payment Of such public utill-
ties bonds, and in case OF default In the
payment Of such public utilities bonds
or interest thereon, said bond holders
or their representatives, may apply tC
any court Of competent jurisdiction slttln1
in Jackson county, Missouri, and sale
court may, if said default continue, ap'
point a receiver to take charge Of sucl
property and such receiver shall operatl
said property pending such proceeding il
such court and until a final decree o
foreclosure in such proceeding and 10
a pe-iod Of one year thereafter, durinl
which period the city may, upon pay
ment to the bond holders Of all indebted
ness past due and court costs accrue
to the date of payment, retake said prop
erty. II said property Is not thus re
taken by the city within said period c
redemption, said receiver shall delive
said property to such party as the oouI
in such action may order, and thereupO
all liability Of the city on said bond
shall cease and determine and Its right
as owner, Of said utility or plant, sha
cease and determine; and thereafter sal
utility or plant shall be operated by tn
Jarty named in said order of the cour
lr his SUCCESSOR or assigns, In cor
- / lOA AAAlAg WIN hANA pARHNN = Wv EeA
visions Of the ordinance authorizing Il
: acquisition or purchase or construction
said public utility or plant and the issJ
, 1nce Of bonds therefor; but Kansas CT
shall not issue any such bonds witho'
the assent Of tWo-thipds Of the vote
thereof voting on hat proposition at Z
election to be held for that purpose; al
such proposition may be submitted at
a special election or at a general electiO
= ina either OF which events II two-thir'
, Of all the legal votes cast on ouch pro-
usition are in favor Of the issue Of sa
, bonds, the city shall have authority
issue the same; n Kansas City ms
. also issue its bonds other than publ
y utilities bonds. for the payment, in who
q Or in part, for such public utilities, al
- such bonds other than public utility bon
. shall constitute a direct obligation Of 1
city, but the total amount OF such bon
/. other than public utility bonds shall II
exceed in the aggregate V per centu
N the taxable property therein, as heI
q inbefore provided. Such utility may
a. acquired by condemnation proceedings
- the same manner hat Kansas City m
"a acquire real estate for public purpos
=. or in such other manne as may be pi
=, vided by law, But whenever any puE
utility Is being operated by any perSO
hrm or corporation under a grant or p
~ nit from Kansas City, and the owl
~ and operator Of such utility is comply.
~ with the provisions Of the grant un0
which the same Is being operated, &
W. with the laws and ordinances 10 win
such utility and its owner are subj'
-. and with all reasonable orders Of I
"a public officer, committee, commission
"a other authority having the power 10 M
,is such orders the city shall not have po'
~ to acquire such utility except a. proVi
in such grant. or by agreement with
owner thereof. But the judgment Of
Iv court Of competent jurisdiction that .
- owner or operator OF such utility Is
complying with such obligations, du
-, or orders shall authorize the %acQuisi
by Kansas City Of such utility.
be THIRD CONSTITUTIONAL AMEl
ard MENT.
Joint and concurrent resolution =
sed hitting TO the qualified voters OF
in state of Missouri an amendment to
ard Constitution thereof, concerning
ers alton
BE it resolved By tho Senate, me II
Of Representatives. concarTiug therein
- ANdl Ut lHH beAelG e4S@Ni'H 10 bN
y on Tuesday next following the first \
day u November, 1914, the folio
amendment to tho Constitution OF
" souri,, concerning taxation. shall be
&c mitted to the qualified voters OF
w state. to-wit;
,ers oseV'oN @
is hereby amended by adding thereto
now section, To- be known as Sc
twenty seven go. which is In words