The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-10-08
CONSTITUTIONAL AMENDMENT
NO. 3.

Providing for a bond Issue Of 5000
10000 for the purpose OF creating a SOL
diers' settle ment fund.
JOINT AND CONCURRENT RESoLU-
TION providing for the amendment OF
section A, article 4 Of the Constitution
Of the state OF Missouri, relating 70
the contracting Of "A liability IN behalf
of the state Of Missouri In the sum OF
one million dollars (Sl 600. OOO), by an
issue Of bonds for the purpose OF Gre
atlng a soldiers settlement fund,
BE II resolved by the Senate, the House
Of Representatives cOncurring therein,
as follows;
The general election to be held In this
state on the first Tuesday following the
hrst Monday In November. A. d. 1920.
there shall be submitted to the qualified
voters Of the state OF Missouri FOR adop-
ton, the following amendment TO sec
tion a. article I OF the state Constitu-
ton. entitled General assembly not 10
contract debts except as herein" -provid-
ing for the contracting aud repayment in
the manner hereinafter provided OF a debt
OF one million dollars, for the purpose OF
providing a revolving fund Tor the use o.
The soldier settlement board or depart
ment. which. with ills accrued earning
shall revert at the completion ~ the sol
der settlement contracts to the general
revenue funds OF the state
Section ]. That section ~. article 4
OF the Constitution OF the state OF mis-
souri,. entitled General assembly not 10
contract debts except as herein
be amended by the addition Of the fol-
lowing proviron which shali ne append
ed thereto. and shall be known as sub.
division fourth of section ~, article :
Of The Constitution. Subdivision fourth,
section A. article 4 OF the state Con.
~stitutlon-The object OF this amendment
is. In recognition of military service, 10
provide employment and rural homes LOT
soldiers. sailors, marines, and others Wlo
have served with the armed forces OF the
United States In the European war OF
other wars Of the United States, includ-
ing former American citizens who served
In allied armies against the central pow
ers and have been repatrlated, ana who
have been honorably discharged, here
after referred 10 as soldiers, and &c
accomplish such purpose by cooperation
with the agencies OF the United states
engaged In work OF a similar character
To proyide the necessary funds for thu
state OF Missouri 10 cooperate with th'
agencies OF the United States, the con
tracing Of the liability OF the state O
Missouri by the issuance OF It's oonds u
an aggregate sum-, not to exceed on
Milton dollars. Is hereby authorized AM
directed, said bonds TO be In the denomi
nation OF one thousand or nve hunore'
dollars each. or OF both denominations "a
the state board OF fund commissioners ma
determine) and be payable thirteen year
from the issuance thereof; shall be pay
able to bearer In lawful money OF IN
United States, and shall bear interest q
q rate not to exceed four and one-hal
per centum a year Ias the state poer
OF fund commissioners may determined
payable -semi-annually on the hrst day
Of January and July pf each year. and !
that end suitable coupons shah be al
tached to zach bond for the payment {
said interest. each coupon shall hav
a facsimile Of the signature OF the stat
treasurer engraved thereon. Said bond
shall be redeemabla at the option OF IN
state after eight years from date; sha
be signed by the governor, ana c0untel
signed by the secretary OF the state, wit
! me great seal OF the state attached, an
shall be registered by the state auditC
to which ne shall certify on each BON
and authenticate such registration by n
! signature and his official seal attached
said bonds. when so prepared and exc
! cuted. under the supervision OF the sta
7 hoard OF fund commissioners. shall J
sold TO the best advantage by said boar
but for not less than par, The proceed
Z of said sales or sale shall constitute
/ fund to be designated as the soldier
. settlement fund. and shall be used e.
! ciusiveiy as a revolving u by u
! soldier settlement board or departmel
1 for such n period Of time as II may desil
! nate. and for such projects as are al
proved by the governor, ana requiaitioi
Z mon the soldiers settlement fund sht
4 bear the governors approval, after whic
: this fund with It's accrued earnings, shi
n be returned TO me general revenue fuI
i of the state. Contract or contracts I
a expenditures or loans to carry out q
= purpose OF this act In excess OF said Of
\. million dollars, with interest collect
n thereon. shall, TO the amount OF said e
cess, be Illegal and void and forever no
payable.
Z Section 2. That the general assent
Il shall. and does hereby levy an annu
u tax OF one cent on the one hundred q
y iars valuation OF the taxable property
IN the state for the payment Of the accrul
m interest on the said bonds, n for I
is c~reation Of a sinking fund for the pa
M nent thereof. said taxes, beginning vi
e. the year 1890. to be levied and collect
s. annually as in caseu Of other state TAI
r IN this state, until said bonds are ~
n paid