Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1914-10-09


day in November. A d. 1914. the fol-
lowing amendment TO section ~ Of ar
ticIe Y of the Constitution OF the stats
OF Missouri shall be submitted TO the
qualified voters OF the state. to-wit:
Section /. Municipal indebtedness-limit
of--how Observation-Disclosures as to st.
Louis and Kansas City.--Section IL OF
| article < Of the Constitution OF the state
of Missouri shall be amended by insert
Ing after the following words "Proutded,
i further, that in the city of Kansas City.
the amount OF bonds issued by said city,
| bearing date July IN. 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 amonnt 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 i've per centum OF the value OF the
taxable property in said city. to be as
oertained as above specified the follow
owing words: "PTopided, further, thar
Kansas City may acquire by purchase.
Y ~ 1S'HF 'NSNN
works, gas works, electric light works.
street railways. telegraph II telephone
systems. heating plants or any other
plant or public service Institution within
OF 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 he 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
shah not constitute AZ obligation Of the
city enforcibIe 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 to execute It's mortgage or
mortgages on any such utility, or any
addition thereto, or extension thereof, 10
secure the payment Of suGA puL2ic U,Mi-
ties bonds, and in case OF default in the
payment Of such public utilities ponds
OF interest thereon. said bond holders,
or THEN representatives, may apply to
any court OF competent Jurisdiction sitting
in Jackson county, Missouri, and said
court may, il said default continue, APP
point "A receiver to take charge of such
-I -.~.f 49, -.
said property pending such proceeding in
such court and until a lnal 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 rs the court
in such action may order, and thereupon
all liability of the city ON said bonds
shall cease and determine and It's rights.
as owner, OF said utility or plant, shall
1ease 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-
formity 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-thiIds OF the voters
thereof voting on that proposition at an
election to be held for that purpose; and
such proposition may be submitted at a
special election or at II general election,
III either of which events if two-thirds
of all the legal votes east on such prop
osition are in favor OF the issue of said
bonds. the city shall have authority To
issue the same; and Kansas City may
also Issue its bonds other than public
utilities bonds, for the payment, in whole
or IN part, for such public utilities. aud
such bonds other than public utility bonds
shall constitute a direct obligation Ut the
city. btIt the total amount Of such bonds
other Than public utility bonds shall not
exceed In the aggregate i've per centum
tn the taxable property therein, as here
inbefore provided. Such utility may be
acquired by condemnation proceedings Ia
the same manner that Kansas City may |
acquire real estate for public purposes.
or IN 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 or per-
init from Kansas City. and the owner
and operator of such utility is complying
WIN NiN PRIV oijil u tue grant Nflusl' I
which the same is being operated, and
with tho laws and ordinances to which
such utility ana It's owner are subject.
and with all reasona de orders of any
public officer, committee. commission or
other authority having the power 10 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 stcli
owner or operator OF such utility is not
complying With such obligations, duties
or orders shall authorize the acquisition
10y Kansas city OF sued, utility.
THIRD CONSTITUTIONAL AMEND
MENT.
Jolnt and concurrent resolution sub
hitting To the qualified voters OF ,h.,
state OF Missouri an amen dinrnt 10 the
Constitution thereof, concerning lax
alton.
&c IL TCsolpcd By the Senate, the House
Of Represent attecs concarring 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 ron-