The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-10-15

Authorizing General Assembly to con-
tract a debt on behalf Of the state and
20 Issue bonds OF not exceeding 100000
$1,000 for constructing hard surfaced
roads.
JOINT AND CONCURRENT RESOLU-
TON submitting to the qualified voters
OF the state OF Missouri an amendment
to article 4, authorizing the general
assembly to contract a debt or liability
on behalf OF the state and to. issue bonds
to an amount not exceeding $50. 900, 900
for the purpose OF building a system
OF roads within the state. and providing
Tor the payment OF such Indebtedness.
Be 1t resolved by the Senate, the House
OF Representatives coneurring therein
That at the general election to be held
on the Tuesday following the first Mon
day In November. A. d. 1920. there shall
De submitted to the qualified voters OF
amendment to the Constitution OF the
state, adding 10 article 1 thereof. between
section a. and section IS, a new section
70 be known as section t4a, to read as
follows.
Section ga. In addition to the excep-
tons made and created In section a.
the general assembly shall have the pow
eT, from times to time. for the purpose
OF constructing hard surfaced public
roads, In each county Of the state, 10 con-
tract or TO authorize the contracting
OF a debt or liability on behalf Of the
state. and 10 issue bonds or other evt-
dences OF indebtedness thereof not ex-
ceeding. In the aggregate. sixty millions
OK dollars. such bonds to bear interest
at a rate not exceeding i've per centdm
per annum, payable semi-annually, and
maturing not later thar thirty years
from the date they bear. The said bonds
the interest that will accrue thereon
'shail.be paid out OF a1un9 to be provid-
ed by the levy and collection OF a direct
and annual tax upon all taxable property
In the state. Any motor vehicle regis
tration fees or license fees OF taxes,
authorized BY law, except the property
tax thereon, less the cost and expense
Of collection and the cost Of maintaining
any state highway department or COM
mission. authorised BY law, shall, after
the Issuance OF such bonds. and 80 long
81 any bonds herein authorized are un-
paid, be and stand appropriated without
legislative action for and to the payment
or the principal OF said bonds. and shall
be credited to a sinking fund TO be pro-
vided for by law. II shall be the duty
OF the state auditor. annually. on or be-
fore the FIRST day OF July. to determine
the rate Of taxation necessary to raise
the amount OF money needed for that
year to = The principal and Interest
maturing In the next succeeding year.
taking into consideration available flndR
de~linquencies and the cost Of collection.
The auditor shall annually certify the
rate OF taxation 20 determined to the
clerk OF the county court OF each county
and 20 the assessor or other officer Ia
the city OF st, Louis whose duty Il may
be to make up and certify the tar books
wherein are extended the state taxes.
II VIII be the duty Of said clerk and
the said assessor or other proper OFFICER
In the CITY OF st Louis to extend upon
the tar books the taxes to be collected
and earthly the BameTto the collector Of
the revenue OF their respective counties,
and the city OF 81. LouiB. who shall coll
lect such taxes at tho same time and In
the same manner and by the same means
by law for the collection Of state and
county taxes. and pay the same into the
state treasury. The legislature shall en-
act such laws q nay be necessary 10
carry into effect this amendment