Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1914-10-16

| Section 1. Municipal indebtedness--limit
of-how Neutrality-suspicious. AS TO st.
Louis and Kansas C~ity,-Section IL OF
article K 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, or 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 ut 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
oertaiued as above specified the follow
lowing words "PrOUided, farther, that
Kansas City may acquire by purchase,
condemnation or construction. water
works, gas works, electric light works.
street railways, telegraph ana telephone
systems. heating plants or any other
plant or public service institution within
or outside OF the limits of said city, for
use OF the citizens in said city, and for
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
debtedncss 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 euforcible out uf the Iunds 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, VI out of funds
raised by taxation, or both. as shah be
provided in the ordinance authorizing the
issuance Of such bonds. Such city shall
have power 10 execute its mortgage or
mortgages on any such utility. or any
addition thereto. OF extensions thereof. to
secure the payment Of such public utiii-
Ties bonds. and in case of defdult IN the
payment ul such public utilities bonds,
or Interest thereon. said bond holders,
or their representatives, may apply to
any court OF competent Jurisdiction sittiu-
itf~ Jackson county, Missouri, ana sdid
court may, if said default continue, ap-
point a receiver To take charge OF such
property and such receiver shall operate
said property pending such proceeding i'll
such court and until a final decree of
foreclosure in such proceeding and for
a period of one year thereafter. during
which period the city may, upon pay
..ant -. 81. l.4nI ~ l-. r IA 81 a
ness past due and court costs accrued
to the date of payment, retake said prop
erty. II 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
in such action may order, and thereupon
all liability of the city on said bonds
SHAH cease and determine and its rights.
as owner, OF said utility OF plant, shall
cease and determine; and thereafter said
utility OF plant shall be operated by the
party named in said order of the court,
or his successors or assigns, in con-
fnrmity with and subject To the pro-
visions OF the ordinance authorizing the
acquisition or purchase OF construction OF
said public utility or plant and the issu-
ance of bonds therefor; hut Kansas city
shall not issue any suun bonds without
the assent of two-thiIls OF the voters
thereof voting ON that proposition at ;n
election to be held for that purpose; and
such proposition may he submitted at a
special election or at IA general election,
i'll either Of which events il two-thirds
of all the legal votes east OH such prop
osition aye in favor vi the issue OF said
bonds. the city shah have authority to
issue the s;trne; and Kansas City may
also issue its bonds other than public
utilities bonds. for the payment. lit whole
or IN part. Tor such public utilities. 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 plhiic utility bonds shall not
exceed IN the aggregate i've per centum
on the taxable property therein, as here
inbefore provided. Such utility may be
acquired by condemnation proceedings in
the same manner that kaHscs City may
acquire real estate for public purposes.
or in such other manner as may be pro-
Nfded by law. But whenever any public
utility Is being operated by any person,
frm or corporation under a grant or per-
nit 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 ltwS and ordinances to which
stich utility and its owner are subject.
ami with all reasona lie orders OF any
pubic officer, committee. commission or
hti4ei 9ur}Iy having Inc power tn make
such drdels the city shall not have power
10 acquire such utility except as provided
In such grant, or by agreement with the
owner thereof. But the Judgment uf any
court Of competent Jurisdiction that siu,t,
pwaer or operator Of such utnity is rot
complying with surli obligations. duties
or orders Shall authorize the acquisition
by kAnsNs city of such Utility.
THIRD CONSTITUTIONAL AMEND
MENJ.
Jaint nnd cOucurrcat resolution sub
hitting ia the 4Iaiihed voters of the
sfnie III Missouri an nmendIncni 10 the
Constitution thereof, concerning tax
alton.
BE IL r~es2tCed Gy he Senate, nc House
of Representatives concMriag therein:
That at tue general election to be held
on Tuesdty next following the first Mon
day in November, 1914, the following
amendment to the Constitution OF Mis-
sourt concerning taxation. shall be sub
miated to the qualified voters of said
state. to-wit;
Section ]. That article Y OF the Con-
stitution Of Missouri be and the same
is hereby amended by adding thereto one
new section. TO be known as section
twenty-seVen t27J, which is in words and
figures AS follows.