Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1920-09-30

Authorizing General Assembly to con-
tract a debt on behalf Of the state and
to Issue bonds OF not exceeding $50, 000,-
10000 for constructing hard surfaced
roads.
JOINT AND CONCURRENT RESOLU-
TON submitting to the qualified voters
to article 4. authorizing the general
assembly to contract a debt or liability
on behalfo of the state and to issue bonds
to an amount not exceeding $50, 600. 900
for the purpose of building a system
of roads within the state. and providing
for the payment of such indebtedness.
Be 1t resolved by the Senate, the House
OF Representatives concurring therein:
That at the general election to be held
on the Tuesday following the first Mon
day In November. A. D. 1920, there shall
Missouri. for adoption or refusal, an
amendment to the Constitution of the
state, adding to article 4 thereof, between
section "A n section 45, a new section
to be known as section Ala, to e as
follows:
Section 44a. In addition to the excep-
stions made n created in section A,
THE general assembly shall have the pow
en- from time to time, for the purpose
roads, In each county of the state, to con-
tract or to authorize the contracting
Of a debt or liability on behalf of the
state, and to issue bonds or other evil
dences of indebtedness thereof not ex-
ceeding. in the aggregate, sixty millions
of dollars. such bonds to bear interest
at a rate not exceeding five per centum
per annum. payable semi-annually, and
maturing not later than thirty years
from the date they bear. The said bonds
and the interest that will accrue thereon
shall be paid out of a fund to be provid-
ed by the levy and collection of a direct
and nnnltol Tow fyNnn oil kavah1a 49,
In the state. Any motor vehicle regis
tration fees or license fees or taxes,
authorized by law, except the property
tax thereon, less the cost and expense
any state highway department or. COM
mission. authorized by law. shall, after
the issuance of such bonds, and so long
as any bonds herein authorized are I'M
paid, be and stand appropriated without
legislative action for n to the payment
of the principal of said bonds. and shall
be credited to a sinking fund to be pro-
vided for by law. 1t 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 pay the principal and interest
maturing In the next succeeding year,
taking into consideration available funds,
~del1nquencies and the cost of collection.
The auditor shall annually certify the
rate Of taxation so determined to the
clerk OF the county court of each county
the city Of st. Louis whose duty it may
be to maxi up and certify the tax books
wherein are extended the state taxes.
It will be the duty of said clerk and
the said assessor or other proper officer
in the city of st. Louis to extend upon
the tax books the taxes to be collected
and certify the same to the collector of
the revenue Of their respective counties,
and the city of st. Louis, who shall COL
lect such taxes at the same time and in
the same manner and by the same means
as are now or may hereafter be provided
by law for the collection Of state and
state treasury. The legislature shall en-
act such laws as may be necessary to
carry into effect this amendment.