The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-10-15
CONSTITUTIONAL AMENDMENT
NO. 9.

Providing for a bond lssue OF $1,000.
10000 for the purpose OF creating a SOL
dIers' settle ment fund.
JOINT AND CONCURRENT RESOLU-
T1ON providing for the Amendment Of
section "A, article 4 OF the Constitution
Of the state Of Missouri, relating to
the contracting OF a Inability in behalf
OF the state OF Missouri, In the sum OF
one million dollars 1000, 0O0). by an
Issue OF bonds for the purpose OF ere.
adng . soldiers settlement fund.
BE IL resolved by the Senate, the House
OF Representatives coucWring therein,
"a follows:
The general election to he held In this
state on the nrst Tuesday foilo wing The
frst Monday in November, A. u. 1920.
there shall be submitted 10 the qualified
voters Of the state Of Missouri for adop-
ton, the following amendment to sec
tlon ~. article 4 Of the state Constftu-
ton. entitled General assembly not to
contract debts except AZ 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 it's accrued earning,
shall revert &C the completion OF the SOL
OldT q nEAAlomtul GOuNFNcNh 10 lnN MtnGfal
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 Rs herein
be amended by the addition OF the fol-
lowing proviuons which shall De append
ed thereto, and shah be known as sub
division fourth OF section "a, article I
OF the Con~stltution. Subdivision fourth,
section a.. article I Of the state Con-
Htitutfon--The object or this amendment
10, 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 q v been repatriated, and who
have been honorabfy discharged, here
after referred to a. "soldiere,' and to
accomplish such purpose by cooperation
With the agencies OF the United States
engaged In work OF 4 similar character.
To provide the necessary funds for the
state OF Missouri to cooperate with the
agencies OF the United States. the con-
tracing Of the liability. Of the state Of
Missouri by the Issuance OF its bonds IN
an aggregate sum not to exceed one
million dollarb, Is hereby authorized and
directed. said bonds 10 be In the denOmi-
nation OF one thousand OF five hundred
uOlAAIb tlCni OF OF OOLu QenomluAlOnh las
the state board OF fund commissioners may
determinel 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
q rate not to exceed -four and one-haif
per centum a year (as the state board
Of fund commissioners may determine),
payable semi-annually on the FIRST days
Of January and July OF zach year, and 10
that end suitable coupons shall be at
said interest; each coupon shall have
a fac-simile of the signature Of the state
treasurer engraved thereon. Said bonds
shall be redeemable At the option Of the
state after eight years from date; shall
be higned by the governor, and counter.
signed by the secretary OF the state, with
the great seal Of the state attached; and
shall DO registered by the state auditor
TO which he shall certify on each bond.
and authenticate Buch registration by his
signature and his Official seal attached:
said bonds. when so prepared and exc
outed, under the supervision OF the state
beard Of fund commissioners, shall b.
sold 70 the best advantage by said board.
but for not less than par. The proceeds
Of said sales or sale shall constitute a
fund TO DO designated as the soldiers
settlement fund, and shall be used ex-
olusively a. q revolving fund BY the
soldier settlement board or department
for such a period Of time as Il may deslg-
AM""H 8IA1 - - - 1AA ~
proved by the governor. and acquisitions
upon tho Boldiefs' settlement fund shall
bear the governors approval. after which,
this fund with lie accrued earnings. shall
DO returned 10 the general revenue fund
Of the state. Contract or contracts for
expenditures or loans 20 carry out the
purpose o. this act Ia excess Of said one
million dollars, with Interest collected
thereon. shall, 10 the amount Of said 6x.
cess, be illegal and vcid and forever non
payable.
Section 2. That the general assembly
shall, and does hereby levy an annual
lars valuation Of the taxable property OF
tho state for tho payment Of the accruipg
interest on the said bonds. and for the
creation Of a sinking fund for the pay
ment thereof, said taxes, beginning with
the year 1920, TO DO levied and collected
annually as In case Of other state taxes
IN this state, untl said bonds are fully
paid.