Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1914-10-22

Section l. Municipal indebtedness-limit
of-how increased-excspttous as to- St.
Louis and Kansas City.-Section II OF
article X OF the Constitution of the state
Of Missouri shall be amended by insert
ing after the following words 'PrOUided,
further, that in the city Of Kansas City.
the amount of bonds issued by said ciey,
bearing date July III, 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 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 snail
be authorized at any time TO issue bonds
with the assent aforesaid, to an amount,
including outstanding Indebtedness. other
than that above named. 10 the amount
of five per centum of the value of the
taxable property in said city, to be as
certained as above specified" the follow
lowing words "PfoUided, 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
d%ebtedness 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 centutn 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 or
mortgages on any such utility, or any
addition thereto, or extension thereof, to
secure the payment of such public utili-
ties bonds, and in case of default in the
INS ~ tf0NAA abAA HNAAfNA09 nv
or interest thereon, said bond holders,
CT their representatives, may apply to
any court of competent jurisdiction sitting
In jackson county, Missouri, and said
court may, if said default continue, APP
point a receiver to take charge of such
property 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
n nn1In1 nf aFAa NrA - tEA-H-Ftz, x
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. II said property is not thus re-
taken by the city within said period of
redemption, said receiver shall deliver
said property to such 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,
as owner, of said utility or plant, shall
cease n 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-thirds 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 a general election,
i'll either of which events if two-thirds
of all the legal votes cast 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, n
such bonds other than public utility bonds
shall constitute a direct obligation of the
city, but the total amount of such bonds
other than public utility bonds shall not /
exceed in the aggregate five per centum
IN the taxable property therein, as here
inbefore provided. Such utility may be
acquired by condemnation. proceedings in
the same manner that Kansas City may
acquire real estate for public purposes,
or in such other N 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-
NIT from Kansas City, and the owner
and 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
such utility and it's owner are subject,
and with all reasonable orders of any
public officer, committee. commission or
other authority having the power to make
such orders the city shall not nave power
to acquire such utility except as provide
in such grant, or by agreement with the
owner thereof. But the judgment of any
court of competent jurisdiction that such
owner or operator of such utility is not
complying with such obligations, duties |
or orders shall authorize the acquisition
by. Kansas City of such utility.
THIRD CONSTITUTIONAL AMEND
MENT.
Joint and concurrent resolution sub
hitting to the qualified voters of the
state of Missouri IN amendment to the
Constitution thereof, concerning tax
alton.
Be 1t resolved By the Senate, the House
Of Representatives. concurring therein:
That at the general election to- be held
on Tuesday next following the first Mon
day in November, 1914, the following J
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 X Of the Con-
stitution of Missouri be and the same
is hereby amended by adding thereto one
new section, to be known as section
twenty-seven (27), which is in words and
figures as follows:
Section q. A state tax Of ten cents on
the one hundred dollars assessed valua-
ton shall be levied and collected on all
objects and subjects of taxation in the
same manner that the state and county
taxes are collected. All moneys derived
from said levy shall be set apart as a
special FUND to be appropriated and used
for the construction and maintenance of
public roads in the several counties Of the
state in such manner as may be pro-
vided by law.
FOURTH CONSTITUTIONAL AMEND
MENT.
Be IL reso[ped bv the Honoc ~ D..