Mexico weekly ledger., 1920-10-07

W - SS'S SSe 49,
0oo.oo for The purpose OF creating a SOL
diers' settlement fund.
JOINT AND CONCURRENT REsoLU-
TON providing for the amendment of
section a., article 4 OF the Constitution
Of the state OF Missouri, relating, to
the contracting Of a liability, In behalf
one million dollars Isl, 900, 00O), by an
issue of bonds for the purpose Of Gre
ating a soldiers settlement fund.
Be it resolved by the Senate; the House
as follows:
The general election to be held In this
state on the first Tuesday following, the
there shall be submitted to the qualified
voters Of the state Of Missouri for adop-
tion, the following amendment to sec
ton A., article 4 of the state Constitu-
ton, entitled General assembly not to
contract debts except as herein"-provid-
ing for the contracting and repayment In
the manner hereinafter provided of a debt
of one million dollars, for the purpose OF
providing a revolving fund for the use OF
the soldier settlement board or depart
ment, which,. with its accrued earning,
der settlement contracts to the general
revenue funds Of the state:
Section !. That section A. article 4
Of the Constitution of the state of Mis-
souri,. entitled General assembly not to
contract debts except as herein'-
be amended by the addition of the fol-
lowing provisions which shall De append
ed thereto. and shall be known as. sub
Of the Constitution. Subdivision fourth,
section A, article 4 Of the state Con.
~stitution-The object Of this amendment
Ia. In recognition OF military. service, to
provide employment and rural homes for
soldiers, sailors. marines, and others who
have served with the armed forces of the
United States in the European war or
other wars of the United States. includ-
ing former American citizens who served
in allied armies against the central pow
ers and have been repatriated. and, who
have been honorably discharged, here
after referred to as Soldiers" and to
accomplish such purpose by cooperation
with the agencies of the United States
engaged In work of q similar character.
To provide, the necessary funds for ne
agencies of the United States, the con-
tracing of the liability Of the state of
Missouri by the ISSUANCE OF its bonds In
million dollars, Is hereby authorized and
directed, said bonds to be In the denoml-
nation OF one thousand or FIVE hundred
dollars each, or Of both denominatlons (as
the state board of fund commissioners may
determine) and be payable thirteen years
from the issuance thereof; shall be pay
able to bearer in lawful money of the
United States, and shall bear interest at
a rate not to exceed four and one-half
per centum a year Gas the state board
of fund commissioners may determlne),
payable ~semi-annually on the first lays
Of January and July OF each year, and to
that end suitable coupons shall be at
tached to each bond for the payment OF
said interest; each coupon shall ave
n fac-simile of the signature Of the state
treasurer engraved thereon. Said bonds
shall be redeemable at the option or the
| state after eight years from date: shall
be signed by the governor. and counter
E--Al 49,. NIa enCrafaYt F nf tho nfpTn wifi
| the great seal Of the state attached; and
shall be registered by the state auditor
to which he shall certify on each bond,
| and authenticate such registration by his
| signature and his official seal attached:
said bonds, when so prepared and exc
| cuted. under the supervision OF the state
board of fund commissioners, shall be
but for not less than par. The proceeds
of said sales or sale shall constitute a
fund to be designated as the soldiers
settlement fund and sha be used e Sa
| soldier settlement board or department
for such a period of time as 1t may desig-
nate, and for such projects as are APP
proved by the governor, and acquisitions
| upon the soldiers settlement fund shall
| bear the governors approval, after which,
| tnlS fund with Its accrued earnings, SHAH
be returned to the general revenue fund
| expenditures or loans to carry out the
purpose Of this act in excess Oh said one
million dollars. with interest collected
thereon. shall, to the amount Of said ex-
cess, be illegal and void and forever nom
payable.
Section 2. That the general assembly
shall, and does hereby levy an annual
tax Of one cent on the one hundred dol
lars valuation of the taxable property. of
interest on the said bonds, and for the
creation OF O sinking fund for the pay
ment thereof, said taxes, beginning. with
the year 1920. to be levied and collected
annually as in case OF other state taxes
In this state. until said bonds are FULLY
paid.