Mexico weekly ledger., 1914-10-29
SECOND CONSTITUTIONAL AMEND.
MENT,

Providing for an Increase Of the limit
of indebtedness that Kansas City may
incur for the purpose of acquiring or
purchasing public utilities.
Joint and concurrent resolution sinh
hitting to the qualified voters OF Mis-
souri, an amendment to section IL Of artl-
Gle X OF the Constitution thereof, au-
thorizing the increase of Indebtedness in
Kansas City for the purpose Of acquiring
or purchasing public utilities.
Be q resolved BY the Senate. the House
Of Representatives concUrring therein,
as foIloos;
At the general election to be held on
the Tuesday next following the first Mon
day in November. A. d. 1914, the fol-
lowing amendment to section IL OF ar
ticle x of the Constitution Of the state
Of Missouri shall be submitted to the
qualified voters of the state, to-wit:
Section 1. Municipal indebtedness-limlt
of-how increased-exceptions as to st.
Louis and Kansas City.-Section ~ Of
article x OF the Constitution OF the state
Of Missouri shall be amended by insert"
ing after the following words "Propided,
further, that in the city Of Kansas City.
the amount Of bonds issued by said city,
bearing date July III, Z. 1895. for acqulr-
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 hat above named. to the amount
Of 1--WE 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 Tor
the purpose OF paying therefor, In whole
or In part, may issue public utilities
bonds, which public utilities bonds shall
not b. Included in the liabilities or in
dehtedncss OF tho 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
sxcecd twenty per centum Of the value
Of the taxable property In said city TO
be ascertained as above specified; the
pflncipNl nI Silu pubic utllltitb nDHub
shall not constitute nn 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 n a sinking fund for
the payment Of the principal at ma
turity shall he 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 tho
issuance Of such bonds. Such city shall
have power to execute It's mortgage or
mortgages on any such utility, or any
addition thereto, or extension thereof, TO
secure the payment Of such public ut'li-
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
in Jackson county, Missouri. and said
court may, If said default continue, ap-
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
a period of one year thereafter, during
which period the city may. upon nay
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
redemption. said receiver shall deliver
said property to such party as the court
in such action nay order, and thereupon
all liability Of the city on said bonds