The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1914-10-16
SECOND CO\STITUTlON Al
AMENDMENT

Joint and concurrent resolution
submitting 10 the qualified voters OF
Missouri an amendment TO section II
ul article y Of the constitution there
of, authorizing. the increase oi m
dcbtcdncss III Kansas CITY for tn"
purpose OF acquiring or purchasing
puhHc utilities.
Be II resolved by the Senate, the
House of Representatives concur
ing therein, rs follows:
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Nl''U' Oh 'hL7 aFuGie' DuI 7aid Guy
't'a" "' ""Ih"LlI'' ~ any time 10
s'uc ""I'"' WIN 'ii' assent al "reSald'
20 an amount, H'c'uHl'iE outstanding
'h"ep''"Nr'7, "'h'r man thai ABOVE
haihrH, 10 lhe amount oil iFc per
c'h'uiN OF ihr Naiuc OF the taNabIe
property ~ sald city, to be ascer-
tanned as above Speciled the follow
ing words iioF'aed, iurthcr, that
Kansas city may acquire by purchase
condemnation or constructions water
works, gas works, electric hight works,
street railways, telegraph and tele-
phone systems heating plants, or any
other plant OF pubic service instltu-
ton Wllhin or outside OF the limits
oi SAID city for use OF the citizens IN
#a'd cIly, and FOR the purpose OF pay
ing therefor M WhoIe or 10 part may
issue pubic utilities bonds, when
pubic utilities bonds snail not he m
Guided IN the liabilities Tor indebted
ness oil the CITY UNITED ny the prior
provisions OF tins section; but the to-
tai amount OF such public utilities
bonds to be issued by Kansas City
shalI not exceed twenty per ccntum
oi the value OF the taxable property
IN SAID city to be a5ccrtancd as above
specified, the principal Of said public
utilities bonds shall no, constitute an
obligation of the city crforclhlc out of
IN" funds raised by taxation, but the
principal Of each issue Of such bonds
shall he payable out of the earnings
ur 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
turlty shall be paid out Of the earn
ings 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 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 jur'
lsdiction sitting in jackson county
Missouri, and said court may, if saic
default continue, appoint receiver
to take charge of such property ant
such receiver shall operate said prop
erty pending such proceeding IN sucf
court and until a 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 all in
dcbtedncss past due and court cost
accrued to the date OF payment, re
take said property. If said propert!
is not thus retakcn by the city within