The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1914-10-02

lf-hoW creas-d-tNCeluu tom as 10 ~.
louis and Kansas CIty.-Secuau IL az
y of the Constitution of 'he state
Missouri shall Dc amended by insert
Ing after the following words "Proridtd,
s.yiher. that in the city oil Kansas Chy,
he amount of bonds issued 10y said city,
bearing date July IN, e. 1888, for acQuir-
ing waterwnrks and an bonds hereafter
issued in renewal of said bonds, OF amy
portion thereof. shall not be included il
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-thirds of the voters under the pro-
visions Of this article, but said city shaIl
be authorized at any time to issue DohuS
with the assent aforesaid, 10 an mount
including outstanding indebtedness, other
than that above named, TO the amount
of five per centum Of the value OF the
taxable property i'm said city, 70 be as
oertaiued as above specified the follow
lowing words Preceded, further 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 olhei
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, nay issue public utilities
bonds, which public utilities bonds h
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 be 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 its mortgage OF
mortgages on any such utility, or any
addition thereto. or extension thereof, to
secure the payment Of such public utii-
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 to
any court of competent jurisdiction sitting
I'm Jackson county, Missouri, u SAID
court may, II said default continue, app
point a receiver to take charge of such
property and such receiver shall operate
said property pending such proceeding II
such court and until a final decree o
H-...T.rrra. tn 1HFgL- ANInnaIinu and In1
"a period Of one year thereafter, during
which period ,he 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
.aken by the city within said period o
redemption, said receiver shall delive
said property to such party as the cour
IN such action may order, and thereupo.
all liability Of the city on said bond
shall cease and determine and its rights
as owner, Of said utility or plant, sha.
cease and determine; and thereafter sal
utility or plant shall be operated by tn
party named in said order of the cour
or his successors or assigns, in con
formiy with and subject to the Pre-
visions Of the ordinance authorizing I'll
acquisition or purchase or construction {
said public utility or plant and the issu
auce Of bonds therefor, but Kansas Cit
shall not issue any such bonds withol
the assent Of twO-thirds OF the votel
thereof voting on that proposition at a
election to be held for that purpose; an
such proposition may be submitted at
! special election or at a general electiO
100 either OF which events If twO-thirl
Z Of all the legal votes cast on such pro-
= 1sition are in favor Of the issue OF sa
> bonds, the city shall ave authority
issue the same; and Kansas City ms
8lso issue its bonds other than publ
utilities bonds, for the payment, in who
or in part, for such public utilities, al
such bonds other than public utility bon.
shall constitute a direct obligation Of Il
city, but the total amount Of such BON
other than public utility bonds shall n
exceed in the aggregate five per centu
on the taxable property therein, as her
inbefore provided. Sue utility may
/, acquired by condemnation proceedings
the same manner that Kansas City mi
! acquire real estate for public purpose
. OF In such other amer as may be pr
vided by law. But whenever any pub
utility is being operated by any persC
firm or corporation under a grant o. pc
. nit from Kansas City, and the OWL
and operator OF such utility is COMPLY
= Will klt DlnN AElnAAE Va AlN hlaAN viz
- which the same lie being operated. a
, with the laws and ordinances to viii
= such utility and its owner are nubje
and with all reasonable orders Of a
= public officer, committee, commission
a other authority having the power to ma
!, such orders the city shall not have pow
. to acquire such utility except as proVtd
y in such grant, or by agreement with
4, owner thereof. But The judgment q a
I, court Of competent jurisdiction that ~
"a owner or operator OF such utility is
~ complying with ~Ich obligations, dut
., or orders shall authorize the acqUlsit
y, b. Kansas City OF such utility.
be THIRD CONSTITUTIONAL AMEN
I'd MENT.
~ joint aud concurrent resolution 81
"A hitting to the qualified voters OF
state of Missouri an amendment 10
I'd Constitution thereof, concerning Il
alton.
Be u resolved by the Senate, the No
Of Representatives. ConctTriHg therein d:
o. That at the general election TO be h
% on Tuesday next following the FIRST NJ
ne day In November, 1914, the follow
~ amendment to the Constitution Of n
OF souri,, concerning taxation, shall be S
Pc mitted to the qualified voters Of S
w state. to-wit.
oI Section /. That article X Of the c
H stitution Of Missouri be and the 81
ny is hereby amended by adding thereto
u new section, to be known as sect
tweuty-seven cd, which is in words
o figures as follows:
Section 81. A state tax Of ten cents
p' the one hundred dollars assessed val