The St. Joseph observer. [volume] (St. Joseph, Mo.) 1906-1932, 1920-10-16

d.l'ic ~ or the Constitution of the
state OF Missouri hy striking ont soc
ton y thereof, and adding new soc
ton I'm lieu thereof. t. be known as
section j. thereof. relating 10 the linn
II Of inGehtgdDa-s Of cu.ptfas. cities
towns, town ships school districts and
other POLITICAL corporations aud sub
divisions
Be # resolved by the Senate the House
OF representatives concurring therein
as follows.
That at the general election to be held
on IHeSday next following tie first Mon
DAY IN Nov ember. A. y. 1920. there shall
e submitted for adoption or re ectiun. to
Ihe quahhed voters Of the state Of Mis-
souri, the repeal Of section u of article
10 Of the Constitution OF Missouri and the
adoption OF the following new section in
leu thereof. to be known as section ID
thereof. relating to the limit of Indebted
ness ot counties. cities, towns. townships
school districts and other political cor
porations and subdivisions:
Section T. No county. city, town.
IoMnshlp, school district or othur poiuCal
corporation or subdivision OF the state
snail be allowed to become Indebted in
any manner or for any purpose to an
amount exceeding in any wear the incone
and revenue provided for such year, with
out the consent Of two-thirds Of the yot-
ers thereof voting on such proposition
AZ an election to be held for that purpose
lor IN cases requiring such assent shall
any indebtedness be allowed to he in
CURED to an amount including eyistInr
indeotedness In the aggregate exec eding
nNe per centum on the value Of the tax
able property therein, to be ascprtainpd
Dy the assessment next before the last
assessment for state ID county purposes
previous to the mourning Of such in
debtedness. except that cities having a
population of seVenty-five thousand in
hahltantS or more may. With the assent
OF two thirds Of the voters thereof vot-
ing on such proposition at an election TO
pc heid Tor that purpose, Incur an in
deotedness not exceeuing ten per centum
therein. 10 be ascertslned by the assess
ment next before the last ass assmeut for
state and county purposes pre- yious to
the tncuI ring OI such Ind tedness; such
proposition may be submitted at any
election general or special. provided that
lowed to become indebted to a larger
amount for the erection of courthouse or
JslI, or for the grading. construction
paving, or mantaiug of paved sraveIed
laoAdamized or rock roads ana neres-
sarS bridges and culverts therein; and
pr fided further that any count y city,
town, township, school district or other
p1iltical corporation or subdivision of the
state, mourning any Indebtedness requir-
ing the assent Of the voters as aforesaid,
snail before or at the time of doing so,
provide Tor the collection Of an annual
tax sufficient to pay the interest on such
Indebtedness as II falls due. and also 70
constitute sinking fund for the pay
nent OF the principal thereof, within
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 annun, the principal payable
within thirty years from the date OF their
issue. and the proceeds thereof shall be
maid 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 propor-
Tomato amount Of tho 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, ton alter said stockh9lders and said city
divided between said stockholdsrs and
said city In proportion to the aggregate
amount Of said stock 30 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
or this amendment 10 the Constitution, a
majority of the votes cast within the nrn-
its OF said city Of st. Louis voting for and
against this amendment shall be against
is adoption, then no bonds shall be is
3u,d under this amendment; and prOyid-
ed further, thft no such Indebtedness so
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 asgresating s6,lll 900. that
nelng the amount assumed by SAID city
in the scheme Of separation from the
| county OF St. Louis, and the sum of S5,-
| sNs,OOO heretofore prior to January 1.
| waterworEs for the city OF 81, Louis and
/ any bonds which may be hereafter issued
| by said city IN the construction and i'm
| provement Of waterworks. the payment
| Of the interest wheTeOn and the principAi
| whereof shall be provided from the rev.
| enue OF said waterworks; that Is 10 say.
the amount Of said bonds which shall be
outstanding at the time shall not be In
cluded In the computation Of the exist
| Ing bonded indebtedness in determining
issued by said city with the assent Of
| two-thirds Of the voters under the provis-
ions q this article. but said city shall
with the assent aforesaid. 10 an amount,
including outstanding Indebtedness. other
than that above named. 10 the amount
able properly in said city, 90 be ascer-
tained as above provided and said city
6s have s tn ,SGh ,oI ssseIt q the
lion and Improvement OF wsterworiIA the
! interest whereon and the principal where
ssd %serSdass fes saa TO etI ths sha
tablish a sinking fund for the payment o.
tho bonds so authorized according "a
san sanei T ProVtdea % Ss,rther, iS ~ thSt any " cit, M,
which pow has or may hereafter attaiE
a population Of ssventy-fve thousand %
more Inhabitants may acquire by pur-
chase, condemnation or construction
waterworAs gasworks. electric -lighl
works. street railways, telegraph ant
tslephons systems, heating plants. ice o.
refrigeration plants. or RAy other plan
system or public service institution, with
IN or outside OF the limits Of such city
for the Use Of the city or its citizens
and for the purpose OF paying therefor
} tiles bonds. which public utilities bond
! shah not be included IN the liabilities o.
prior provislons Of this ssetoni but th,
total amount Of such public utfitie.
bonds 70 be issued by such city .Ehal
not exceed twenty per csntum OF thi
vaiae ot the teAsois pIOpery p "a 80 f,sy