The St. Joseph observer. [volume] (St. Joseph, Mo.) 1906-1932, 1920-10-23

article 10 Of the Constitution Of the
siate OF Missouri by striking ont sec
tion y thereof, ana adding a new sec
ton in lieu thereof. tp be known as
section l2 thereof. rel ttiuE to the linz
It OF Indebtedness Of counties. cities.
towns, town ships school districts and
other political corpora ions and sub
divisions.
Pc It resolved by the Senate. the House
OF representatives concurring therein,
That at the general election to he held
on tuesday next following the Hrst Mon
day IN November, A. D. 1920, there shall
submitted for adoption or rejection, to
the quaiiiied voters If the state Of Mis-
souri, the repeal Of section ~ OF article
10 or the CouStitutlon Of Missouri and the
adoption Of the following new section in
leu thereof, to be known as section l2
thereof. relating to the limit Of indebted
ness OF counties. cities. towns. townships.
school districts and other political cor
porations and subdivisions:
Section l2 No county, city, town,
township, school district or Other political
corporation. or subdivision OF the state
shall be allowed to become Indebted in
any manner or for any purpose to an
amount exceeding in any year the income
ana revenue provided for sIch year. with
out the consent OF two thirds Of the yot-
ers thereof voting on such proposition,
at an election to be held FOR that purpose
nor In cases requiring such assent sh ali
Cured to an amount including existing
indebtedness In the aggregate exceeding
hNe per centum on the value OF the tax
aDle property therein, to be ascertained
by the assessment next before the last
assessment for state ? I'd county purposeS
prey yious TO the incurrlng Of such in
deotedness. except that cities having Z
population OF seventy five thousand in
habitants or more may, with the assent
of two-thirds of the voters thereof vot-
ing on such proposition at an election to
be held for that purpose, incur an in
debtedness not exceeding ten per centum
on the vaue OF the taxable property
therein. to be aScertained by the assess
lnent next before the last ass .ssment for
state ant county purposes previous to
the incui ring OF such indebtedness; such
proposition may be submitted at any
election geneT al or special: provided that
with such assent any county may be al
lowed to become indebted to a larger
amount for the erection of courthouse or
jail, or for the grading, construction
paving. or msintainG Of paved. graveled.
1acdGHmized or rock roads ana neces-
sary bridges and culyerts therein; and
PR vided further. that any county. city,
town, township. school district or other
p1iltical corporation or subdivision Of the
state, incurrinS any Indebtedness rsquir-
ing the assent OF the voters as aforesaid,
snail before or at the time OF doing so,
provide fer the collection Of an annual
ndeStednSss as Z fails n dne snd I also suto 10
constitute sinking fund for the pay
ment OF the principal thereof. within
ing the same. and provided further. that
the corporate authorities OF the city Of
st. Louis are hereby authorized TO issue
interest bea ring bonds OF said city in
the amount OF tive million dollars. at
rate OF interest not to exceed four per
cent per annum. the principal payable
issue, and the proceeds thereof shall be
paid to the corporation organized for the
celebration Of the Louisiana purchase
centennial In said city, TO be used by said
corporation for said celebration, holding
worlds fair or exposition in said city.
Aud said corporate authorities of St
Louis shall be repaid as large a propor-
| tiona te amount Of the aid given BY them
as shall be repaid to the stockholders Of
| said corporation on the sum subscribed
and paid by them. and any surplus re-
naming from the assets OF said Corpora
| tion after said stockholders and said city
| snail have been paid in full. shall be
said city IN proportion TO the aggregs te
| amount Of said stock 80 paid IN and the
amount so loaned by said city; and any
sad shall b. sI,a pSa cy S,o 'r4 tSa
| sinking fund Of said city for the redemp-
| tion OF its outstanding bonds; Provided.
| that II. at the election for the adoption
| OF this amendment to the Constitution. a
| majority OF the votes cast within the lin
| its OF said city Of ST. Louis voting for and
| against this amendment shall be against
| It's adoption, then no bonds shall be is
| sued under this amendment; and provid-
| ed further, that no such indebtedLess so
| created shall be In any part thereof paid
| by the state or from any state revenue,
| tax or fund, but the same shall be paid
| by the city OF st. Louis aicne: Provided,
nat td IN the city CT 81 ouis q the o9d an4Sn,
| being the amount assumed by said city
! In the scheme OF separation from the
county OF st Louis, and the sum OF ss.-
| SOS 900 heretofore prior to January I,
! 1901. expended in the construction Of
| waterworks for the city Of 81. Louis and
| any bonds which may be hereafter issued
| hV said = n ha nd ly,,
| provement OF WaterwOrks. the payment
| of the interest wherein and the principal
whereof shan be provided from the rev.
! the amount OF said bonds which shall be
| outstanding at the time shall not be in
cluded IN the computation Of the exist
| ing londed Indebtedness IN determ nj q
the amount Of bonds authorized to be
issued by said city with the assent OF
two-thirds OF the voters under the proyis-
ions 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, otheI
than that above named. TO the amount
Of ten per cent OF the value OF the tax
able property In said city. 10 be Ascer-
tained as above provided, and said city
voters, 10 Issue bonds for the ecnstr1lc-
tion and Improvement Of vsterwcrkS the
interest Shereen and the principal where
Of said WsterWorks. Said city shah ss-
tsblish sinking fund for the payment o.
the bonds SO authorized according tc
the times Fixed for the maturity Of thu
samei Provided further. that any city
which now las or may hereafter attalI
a populs tion OF ssyenty-nvo thousand o.
chase, condemnation or construction
Waterworks, gssworks. electric hgh,
works. street rsilwsyst telegraph ant
telephone systems, heatins piaIrs. Ice o.
| Refrigeration plants. or any other plan
system or public service Institution, nth.
In or outsIds OF the limits OF such city
| -. - - ~. EfN - .rfk A. =
and Tor the purpose oI paying therefor
in whole or In part. ray Issue public utll'
tiles bonds. which public utIities bond
indebtedness Of the city Hultsd by N,
prior proVislons Of this seetloni bot th'
total amount, Of Ench public uthitie,
bonds 70 be issued by such city bllal
SSs saGtsa 5s s tssay Per esRf11 II q IN