The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-10-08

article 10 OF the Constitution OF the
state OF Missouri by striking out sec
tion II thereof, and adding a new Soc
ton In lieu thereof, 70 be known as
section II thereof, relating to the linn
II OF indebtedness OF counties, cities,
towns. townships. school districts and
other political corporations and sub
divisions.
3e II resolved by the Senate. the House
OF Representatives concurrlng therein.
as follows
on Tuesday next following the first Mon
Gay IL Move mbcr, A. d.. 1920, there shall
be submitted for adoption or rejection, to
the qualified voters Of the state Of Mis-
souri, the, repeal OF section II OF article |
10 OF the Con institution OF Missouri and the
adoption OF the following new section In
leu thereof. to be known as section II
thereof. reia ting to the limit OF indebted /
ness OF counties, cities, towns. townships, |
school districts and other political cor
poratlons and subdivisions:
Section l.. 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 Hny purpose To an
amount exceeding In any year the income
ana r~eNenie provided for such year with
out the consent Of two-thlrds OF the vot-
crs thereof voting on such proposition,
at an election to be held for that purpose;
nor In cases requiring such assent shall
any lndebt edness be allowed to be in
CURED to AN amount including existing
Indebtedness. in the aggregate exceeding
hNe per centum on the value OF the tax
able property therein. to be ascertained
by the assessment next before the last
assessment for state and county purposes.
previous to the mourning OF such in
debtedness. except that cities having a
population Of seventy five thousand in
habitants or more may, with the assent
81 twO-thirds u 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 value Of the taxable property
therein, to be ascertained by the assess
J ment next before the last assessment for
I state and county purposes previous TO
. the mourning Of such Indebtedness; such
. proposition may be submitted at any
election, general 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 maintaing Of paved grayeled,
u macadamized or rock roads and neces-
sary bridges and culverts therein; and
Y provided further. that any county, city,
q town, township. school district or other
I political corporation or subdivision Of the
e state, i~ncurring any Indebtedness requir-
: INK the assent Of the voters AZ aforesaid
u shall before or at the time OF doing so,
= provide for the collection OF an annual
tax sufficient 10 pay the Interest on such
hhANAAAAIAC9E u y ~ ANAN Altf all diNO W
constitute a sinking fund for the pay
"a ment OF the principal thereof. within
twenty years from the time or contract
h ing the same; and provided further. that
he corporate authorities OF the city OF
10 st. Louis are hereby authorized to issue
interest-bea ring bonds OF said city In
the amount OF five million dollars, at a
4 rate Of Interest not 40 exceed four per
cent per annum, the principal payable
within thirty years from the date Of theiI
ISSUE. aud the proceeds thereof shah be
rs paid to the corporation organized for the
celebrat on Of the Louisiana purchase
centennial In said city. 10 be used by said
"ol pOratlon for said celebration, holding
~ a worlds fair or exposition In said city
y And said corporate authorities Of st
N Louis shall be repaid as large a proper
tionate amount Of the aid given by then
!. as shall be repaid TO the stockholders o.
said corporation on the sum subscribed
v and paid Oy them, and any surplus re
: naming from The assets OF said corpora
" tion after said stockholders and said Cit
" shall have been paid In full, shall b.
u divided be said stockholders ant
A. said city in proportion to the aggregate
amount OF said stock 30 paid In and tn
Nv amount So loaned by said city; aud an
or amount 50 received by said city iron
no said corporation shall be paid into tn
IS sinking fund II said city for the redemp
%, ton Of It's outstanding bonds; Provided
e, that II. at the election for the adoption
Del ~ this mendment to the Constitution,
iOr majority of the votes cast within the lin
tie lite OF said city OF st. Louis voting for an
he against this amendment shall be agains
ed lis adoption. then no bonds shall be Is
sued under this amendment and prOvid
oh ed further. that no such Indebtedness :
on created shall be In any part thereof pal
by the state or from any state revenue
ch TAX or fund but the same shall he pal
Ich by the city OF 81, Louis alone; Provided
All that In the city OF ST. Louis the amour
M OF bonds now aggre8ating 50, III 900, tina
a being the amount Assumed by said cit
In the scheme OF separation from q
- a.ftnfH - IL Qnlu nnH the utm nj *
yS SOS,0O0 heretofore prior to January
1901. expended In the construction {
~ watorworks for the city Of st. Louis an
any bonds which may be hereafter issue
y by said city In the construction and In
provement OF waterWOrls, the paymei
my OF the interest whereon and the pfincipl
AZ whereof shall be provided from the rev
M enue OF said water works; mat Is To ga,
the amount OF said bonds which shall J
OF outstanding at the time shall not be u
OF cluded In the computation OF the eNla
ted ing bonded Indebtedness n determtnii
err the mount of bonds authorized To
re. issued by said city with the assent
and two-thlrds OF the voters under the provi
pit ions OF this article. but said city sh.
lu- be authorized al any time 20 Issue bond
the with the assent Aforesaid. TO an amour
uch including outstanding indebtedness, 9th
than that above named. 10 the aruou
the OF ten per cent Of the salue OF me "a
ned able property in said city. to be asce
rser tained ns above provided. said 81
shall have power, with such assent OF q
az voters. to issut bonds Tor tho constru
nan ton aud improvement OF WaterWorks. {
Interest wherein and the principal Nher
anv OF shall be provided fur frum the incui
OF said Waterworks, said city shall Z
,ra tabish a sinking fund for the payment
Wy, the bonds 80 authorized according
,hnas the times fixed for the maturity OF {
wv same. Provided further, thQt amy cl
~ ~, which now has y may hereafter alta
~ a p0pulat lon Of sevcnty-hvc Thousand
saee more Inhabitants NAV acquire by ~
~ chase, condemnation OF coustructt'
,.ns waterworl<s, Easworks, electric ir
lte1 works. street railways, telegraph 4
nl telephone systems, heating plants, ice
'epl' rc~fflgrrntion plants. OF any other pll
Tor system or public service Institution. wit
r az la or outside OF the limits Of such 81
vs. for The use Of the city or its ciize
,ws- and for n purpose Of paying itheief
CIR la whole OF IN part. may issue public lt
two ltioa bonds. which public utilities boz
hlch shall not De Included IA the liabilities
hlch Indebtedness 81 the city limited by
inu- orlor proNialons Of this section but
the total amount Of such public utlii
llca- bonds to be Issued hy such city 81
least not exceed twenty per ctntum OF
day value OF the lRXahic property m said IL
,oks. % hc nfccriolned hs above specified