The St. Joseph observer., 1920-10-30

ton In lieu thereof, to be known az
section ~ thereof. relating 20 the linn
II or Indebtedness Of counties cities
towns, town ships school districts and
olhcr political corporations and SUB
divisions
BE It resolved by the Senate the House
Of Represcntatives concurring therein.
as follows:
That at the general election to be held
on tuesday next fOllowin the first Mon
day in November. A. y. 1890, there shall
e submitted for adoption or rejection. to
the qualified voters Il the state OF Mis-
10 Of the Constitution OF Missouri and tho
adoption Of the following new section in
neu thereof, to be known as section IL
ness OF counties, cities. towns. townships
school districts and other political cor
porations and subdivisions:
Section Il No county. city, town,
township. school district or 9TH, poi, ,icai
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
and revenue provided for such year with
out the consent Of two thirds Of the vot-
ers thereof voting on such proposition
at an election to be held for that purpose
nor In cases requiring such assent shall
any Indebtedness be allowed to he in
CURED TO an amount including existing
indebt edness. In The aggregate exceeding
able property therein. to be sscertained
by the assessment next before the last
assessment for state : d county purposes
previous TO the incurriag OF such in
debtedness. except that cities having a
population OF seventy-fiye thousand in
habitants or more may, with the assent
OF two-thirds OF the voters thereof yotS
ing on such proposition at an election to
be held for that purpose, incur an in
oeOtedness oe ear not eTceeaing ten per centum
therein, TO he ascertalned by the assess
ment next before the last assessment for
state ana county purposes previous to
The Incur ring OF such Indebtedness: such
proposition may be submitted at any
election general or special; provided that
lowed to become Indebted to 4 larger
amount for the erection Of courthouse or
Jail, or for the grading, construction
paNng or matntaing, OF paved. grsveled,
1acAdsmized or rock roads and neces-
sarS bridges and culverts therein; and
PR vided further, that any county city,
p1iiticel corporation or subdivision OF the
state, mourning any Indebtedness requir-
ing the assent OF the voters as aforesaid
shall before or at the time of doing So
tax sufficient to pay the interest on such
Indebtedness as IL falls due. and also to
constitute a sinking fund for the pay
twenty years from the time OF contract
Ing the same: and provided further, that
the corporate authorities of the city Of
st. Louis are hereby authorized TO issue
interest bearing bonds Of said city In
the amount OF five million dollars. at a
rate OF Interest not to exceed four per
cent per annum. the principal payable
within thirty years from the date OF their
issue. and the proceeds thereof shall be
naid 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.
And said corporate authorities OF ST.
Louis shall be repaid as large a proper
touste 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
ton after said stockholders aud said city
divided between @ % ssid stocsholdsrs i; ' and I'd
said city In proportion to the aggregate
amount OF said stock SO paid In and the
amount so received by said city from
said corporation shall be paid into the
sinking fund of said city for the redemp-
tion ot 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 Indebtedness 80
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
that in the city OF St. Louis the amount
II bonds now aggregRting s6,lll 900, that
being the amount assumed by said city
in the scheme OF separation from the
| county Of st. Louis, and the sum OF S.
| sos 900 heretofore prior to January 1,
| 1901, expended in the construction OF
| any bonds which may be hereafter Issued
| by said city In the construction and i'm
| provement Of waterworks. the payment
| OF the interest whereon and the principal
| whereof shall be provided from the rev.
| enue OF said waterwoTkE: that Is to say,
the amount Of said bonds which shall be
| cluded In the computation OF the exist
| ing bonded indebtedness in determining
the amount Of bonds authorized 10 be
two-thirds OF the voters under the provis-
! ions ot this article, but said city shall
be authorized at any time 10 issue bonds.
including outstanding Indebtedness. etheI
than that above named TO the amount
Of ten per cent Of the value Of the tax
tained as above provided, ana said city
shall have power with such ssssnt Of tht
interest whereon ana the principal where,
Of sheil be PROVIDED for from the ineOm'
he bond so sutSSriIsd sosofding e
samei Provided turtbs. that any eitt,
a popuisti Of seventy ave thoasand a
more Inhabitants may scquirs by pur
chase, condemnAtiD9 es construction
woTSs' woTS.AOit street Si rs;iSays teissTsph ant an,
telep hone systsms, heating plants. ies o
reirigsrstion PlsntA Or .say other piaSH
IN or outaids of ths limits q such city
ana f0T the purpose of paying therefor
ities iu Snees SSnss 81 " rRish pusi,s % uslitSes bon2
shRli not be included IN ths liabilities o
indebtedness Of the city hrqtted By n
prior provisions of thls seetlon1 bet ga
sossl snoHnt of enSa HSSShs& & gtnias aSs,