The Butler weekly times. (Butler, Mo.) 1881-1918, 1914-10-29

4, day in November, A. D. 1914. the fol
lowing amendment to section IL of ar
ticle X Of the Constitution OF the stat,
of Missouri shall be submitted to tn,
qualified voters of the state. to-wit:
Section /. Municipal indebtedness-limt
of--how ncreased-exceptions as to st
Louis and Kansas City.-Section IL o.
article X 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. I. 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 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 five per centum of the value OF the
| taxable property In said city, to be as
oertained as above specified" the follow
lowing words: "Provided, further, that
Kansas City may acquire by purchase,
| condemnation or construction, water
works, gas works, electric light works.
street railways telegraph and 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
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 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, OF both, as shall be
provided in the ordinance authorizing the
issuance of such bonds. Such city shall
mortgages on any such utility, or any
addition thereto, or extension thereof, to
secure the payment of such public utilf-
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'll jackson county, Missouri, and said |
court may, if said default continue, APP
point a receiver to take charge of such
and such receiver shall operate
said property pending such proceeding in
such court and until a final decree of
foreclosure in such proceeding and for
IL 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. If said property is not thus re-
taken by the city within said period OF
said srfceiver shall deliver
said property to snch party as 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.
IL owner. of said utility or plant shall
cease and determine; and thereafter said
utility OF plant shall be operated by the
party named in said order of the court,
Dr. his successors or assigns In con-
forliaity 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-
ince of bonds therefor; but Kansas City
shall not issue any such bonds without
he assent of two-thirds of the voters
hereof voting on that proposition at an
election to be held for that purpose; and
such proposition may be submitted at a
pecial election or at a general election,
n either of which events if two-thirds
# all the legal votes cast on such prop
'sition are in favor of the issue of said
'onds. the city shall have authority to
ssue the same; and Kansas City may
lso issue its bonds other than public
Utilities bonds, for the payment, in whole
II in part, for such public utilities, and
UGH bonds other than public utility bonds
hall constitute direct obligation of the
ity, but the total amount of such bonds
ther than public utility bonds shall not
xceed i'll the aggregate five per centum
n the taxable property therein, as here
nbefore provided. Such utility may be
cquired by condemnation proceedings in
he same manner that Kansas City may
cquire real estate for public purposes,
+ in such other manner as may be pro-
ided by law. But whenever any public
Utility is being operated by any person,
rm on corporation under a grant or per-
nit from Kansas City, and the owner
nd operator of such utility is complying
With the provisions Of the grant under
which the same is being operated, and
With the laws and ordinances to which
UGH utility and its .owner are subject,
nd with all reasonable orders of any
ublic officer, committee, commission or
Their authority having the power to make
UGH orders the city shall not have power
1facquire such utility except as provided
n such grant, or by agreement with the
wner thereof But the judgment of any
curt of competent jurisdiction that such
wner or operator of such utility Is not
omplyng with such obligations, duties
r orders shall authorize the. acquisition /
y Kansas City OF such utility.
'HIRD CONSTITUTIONAL AMEND '
MENT.
Joint and concurrent resolution sub
aitting 10 the qualified voters Of the 4
tate Of Missouri an amendment to the |
thereof, concerning tax I
tion.