The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1914-10-30

Louis and Kansas City.-SectiOu II OF
article Y 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 city,
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 he 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 tint 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 "ProUtded, 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 suoh 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
Ea aaaawfafnnl nc aInrra uV,npfYaTs Vha
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
nave 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
payment OF such public utilities bonds,
or interest thereon, said bond holders
or their representatives, may apply &c
any court OF competent jurisdiction sitting
in Jackson county, Missouri, and sale
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.
foreclosure in such proceeding and fol
a psSiod 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. II said property is not thus re
taken by the city within said period o
redemption, said receiver shall delive
said property to such party as the oour
in u action may order, and thereupol
all liability Of the city on said bond
shall cease and determine and its rights
as owner, Of said utility or plant, shaI
cease and determine; and thereafter sal
utility or plant shall be operated by tn
party named in said order of the couTt
or his successors or assigns, in con
formity with and subject to the pre-
visions Of the ordinance authorizing tn
acquisition or purchase or construction
said public utility or plant and the issu
, ance Of bonds therefor; but Kansas Cit
shall not issue any such bonds withot
the assent Of two-thirds Of the yoteI
g 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 election
, in either of which events II two-third
: Of all the legal votes cast on such PROF
' osition are in favor of the issue of sal
bonds, the city shall have authority [
issue the same; and Kansas City ma
, also issue its bonds other than publ
utilities bonds, for the payment, in who
a or in part, for such public utilities, an
r such bonds other than public utility bono
shall constitute a direct obligation Of III
city, but the total amount Of such bono
o other han public utility bonds shall M
y exceed in the aggregate FIVE per centuI
. on the taxable property therein, as hert
/, inbefore provided. Such utility may /
acquired by condemnation proceedings
y the same that Kansas City ma
e acquire real estate for public purpose
IL or in such other manner as may be pr.
yided by law. But whenever any publ
utility is being operated by any perso
firm or corporation under a grant or pc
At init from Kansas City, and the own
Dr. u operator of such utility is complyil
n with the provisions Of the grant und
pr which the same Is being operated, a
o. with the laws and ordinances to viii
ID such utility and its owner are subje
= and with all reasonable orders OF a
public officer, committee, commission
a other authority having the power to ma
10 such orders the city shall not have pow
T. to acquire such utility except as provid
al in such grant, or by agreement with
owner thereof, But the judgment OF a
lv court OF competent jurisdiction that 81
I'd owner or operator Of such utility is
n complying with such obligations, dut
Of or orders shall authorize the acuuiSit
n by Kansas City OF such utility.
be THIRD CONSTITUTIONAL AMEN
70 MENT.
X" Joint and concurrent resolution ~
.ed hitting 10 the qualified voters Of
In state of Missouri an amendment 10
.rd Constitution thereof, concerning L
ars alton.
a Be &c resolved BY he Senate, the Hc
or Of Representatives. conCurriHg therein
W That at the general election to be
on Tuesday next following the first NJ
IA day ia November, 1914, the follow
m amendment to the Constitution Of J
souri,, concerning taxation, shall be {
IN mitted to the qualified voters Of
state, to-wlt:
Section 1. That article X Of the {
stituton Of Missouri be and the S
IT, Us hereby amended by adding thereto
rs new section, TO be known as sec
,,s twenty seven go. which is in words
figures as follows.
Section %. A state tax Of ten cent
re- the one hundred dollars assessed va
ton shall be levied and collected Oh
tbo objects and subjects Of taxation In