Mexico weekly ledger., 1920-09-30

Authorizing General Assembly to con-
tract a debt on behalf OF the state and
to Issue bonds Of not exceeding $eoooo,-
10000 for constructing hard surfaced
roads.
JOINT AND CONCURRENT RESOLU-
T1oN submitting to the qualified voters
OF the state OF Missouri an amendment
to article 4, authorizing the general
assembly to contract debt or liability
on behalf of the state and to issue bonds
TO an amount not exceeding $50 600 900
for the purpose of building a system
Of roads within the state. and providing
for the payment OF such Indebtedness.
Be II resolved by the Senate. the House
of Representatives concurring therein:
That at the general election to be held
on the TUESDAY following the first first. MonI Nor
be submitted to the qualified voters of
Missouri, for adoption or refusal, an
amendment to the Constitution Of the
state, adding to article thereof, between
section A and section IS, a new section
TO be known as section 44a, to read as
follows:
Section 44a. In addition to the excep-
tions made and created in section A.
the general assembly shall have the pow
er, from time to time. for. the purpose
of constructing hard surfaced public
tract or to authorize the contracting
of a debt or liability on behalf Of the
state, and to issue bonds or other evil
dences Of Indebtedness thereof not ex-
ceeding in the aggregate, sixty millions
of dollars, suclt bonds to bear interest
at rate not exceeding five per centum
per ,annum, payable semi-annuaily, and
maturing not later than thirty years
from the date they bear. The said bonds
and the interest that will accrue thereon
sfTrll be paid out of fund to be provid-
ed by the levy and collection of a direct
and annual tax upon all taxable property
In hn Anu Uehicla rapts
tration fees or license fees or taxes,
authorized by law, except the property
tax thereon. less the cost and expense
of collection and the cost of maintaining
any state highway department or COM
mission. authorized by law, shall, after
the issuance of such bonds, and so long
as any bonds herein authorized are un-
paid, be and stand appropriated without
Legislative action for and to the payment
of the principal of said bonds, and shall
be, credited to. a sinking, fund to be pro-
of the state auditor. annually. on or be-
fore the first day Of July. to determine
the rate of taxation necessary to raise
the amount of money needed for that
year to pay the principal and interest
maturing in the next succeeding year,
taking into consideration available funds
delinquenCies and the cost of collection
The auditor shall annually certify the
rate of taxation so determined to the
clerk Of the county court of each county
and to the assessor or other officer in
the city of st. Louis whose duty it may
he to make up and certify the tax books
wherein are extended the state taxes.
1t will be the duty of said clerk and
the said assessor or other proper officer
in the city of St Louis to extend upon
the tax books the taxes to be collected
and certify the same to the collector of
the revenue of their respective counties,
and the city of st. Louis, who shall col
lect such taxes at the same time and In
the same manner and by the same means
as are now or may hereafter be provided
by law for the collection of state and
county taxes, ana pay INC same INTO the
act such laws as may be necessary to
carry into effect this amendment.