The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1914-10-09
SECOND CONSTITUTIONAL
AMENDMENT

Joint and concurrent rcsoIution
submitting ia the uuuIifrd voters of
Missouri an amendment ia section -
of article y of the Constitution there
of. authorizing the increase of in
dchlcdncss in Kansas CITY for the
purpose of acquiring or purchasing
public utilities.
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A. the general election to be held
! me tuesday, next following the hrst
| monday IN november A. j. IVA, the
following amendment to section Il
OF article \ OF the Constitution Of the
| state OF missouri Shali be submitted
10 me Gu"IIhcG voters OF the state,
V"-Wll.
orct"h J. MunlcipaI Indebtedness
| i''''' ono" increased keep
| Iiouo Us 10 ~ LOUIS ana Kansas Ilty'
section IL OF artcIc \ OF the ConSti-
tutlon OF the state OF missouri shall
| be amended by inserting after the
following words: provided, further
| That IN the city OF Kansas city, the
| amount OF bonds issued by said city,
bearing date July l), 7, 1895, for
acquiring 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
VISION Of this article, but said city
small be authorized mt 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
ccntum Of the value Of the taxable
property in said city, to be ascer-
tanned rs above specified" the follow
ing words; provided, further. that
Kansas City may acquire by purchase
condemnation or construction, water
works, gas works, electric light works,
street railways, telegraph and tele-
phone systems, heating plants. or any
other plant or public service institu-
ton within or outside Of the limits
Of said city, for use of the citizens in
said city, and for the purpose Of pay
ing therefor, IN whole or in part, may
issue public utilities bonds, which
public utilities bonds shall not be in
cluded in the liabilities for indebted
ness Of the city limited by the prior
provisions of this section; but the to-
tai 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 asccrtaned rs above
specified. the principal Of said public
utilities bonds shall not constitute an
obligation of the city enforcible ont 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 nj ma
turity shall be paid out of the earn
ings or sale of the utility, or out of
funds raised by taxation. or both. ms
shall be provided in the ordinance
authorizing the issuance of such
bonds. Such city shall have power
to execute its mortgage or mortgages
on any such utility, or any addition
thereto. or extension thereof, TO Sc
cure the payment of such public util- |
tiles 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 to any court of competent iur-
isdiction sitting in jackson county,
Missouri, and said court may, if said
default continue, appoint a receiver
to take charge of such property and
such receiver shall operate said prop
erty pending such proceeding in such
court and until final decree Of fore
closure in such proceeding and for
period Of one year thereafter, during
which period the city may, upon pay
ment Of the bond holders of ali in
debtedness past due and court costs
accrued to the date of payment, re-