Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1920-10-07
CONSTITUTIONAL AMENDMENT
NO. 8.

~ L IkElOO1U.
IlQN providing for the amendment of
article 10 of the Constitution of the
state OF Missouri by striking out sec
' lion " thereof. and adding a new sec
tlon IN lieu thereof, to be known as
section IL thereof, relating to the lin
II OF Indebtedness of counties. cities.
towns, townships. school districts and
otner political corporations and sub
divisions.
Be 1t resolved by the Senate, the House
OF representatives concurring therein.
as follows: '
Tnat at the general election to be held
on tuesday next following the first Mon
pc submitted for adoption or rejection. to
the qualified voters Of the state of Mis-
souri, the repeal Of section 10 of article
~ OF me Constitutio9 of Missouri and the
lieu thereof, to be known as section IL
tnereof. relating 10 the limit of indebted
ness OF counties, cities, towns, Townships.
Scnooi alstrlcts n other political cor
porations and subdivisions:
Section IL. No county. civ. town
township, school district or other political
corporation or subdivision Of the state
snan pc allowed to become indebted in
amount exceeding in any year the income
ana revenue provided for such year. with
out the consent Of two-thirds of the vot-
ets tnereoI voting on such proposition,
~ w llClu4 u III DUTD0AA.
nor In cases requiring such assent shall
any Indebtedness be allowed to be in
CURED TO an amount including existing
tnuepteoness IN the aggregate exceeding
Hve per centum on the value of the tax
able property therein, to be ascertained
py n assessment next before the last
assessment for state and county purposes.
prevlops to the mourning of such in
o~eDeoness, except that cities having a
population of seyenty-five thousand in
naDltantS or more may, with the assent
OF two-thirds of the voters thereof yot-
ing on such proposition at an election to
pc heid for that purpose, incur an in
oeptedness not exceeding ten per centum
on the value of the taxable propertv
therein. to be ascertained by the assess
ment next before the last assessment for
state and county purposes previous to
the mourning of such indebtedness; such
proposition may be submitted at anv
election, general or special; provided. that
WIN sucn assent any county may be al
amount for the erection of courthouse or
JAIL, or for the grading, construction.
paving, or maintaing of paved, graveled,
macadamized or rock roads and neces-
sary bridges and culverts therein; and
provided further, that any county, city.
town, township, school district or other
politlcal 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 for the collection of an annual
tax sufficient to pay the interest on such
constitute a sinking fund for the paw
ment of the principal thereof, within
twenty years from the time of contract
ing the same; and provided further, that
me corporate authorities of the city of
81: Louis are hereby authorized to issue
lnterest-bearing bonds of said city in
the amount of five million dollars, at a
rate OF interest not to exceed four per
cent per annum; the principal payable
within thirty years from the date Of their
issue, and the proceeds thereof shall be
paid 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
a worlds fair or exposition in said city.
And said corporate authorities of st.
LOUIS shall be repaid as large a proper
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 after said stockholders and said CITY
shall have been paid in full, shall be
divided between said stockholders and
city in proportion to the aggregate
amount OF said stock so paid in and the
amount so received by said city from
corporation shall be paid into the
sinking fund of said city for the redemp-
ton Of its outstanding bonds: Provided,
il, at the election for the adoption
OF this amendment to the Constitution, a
majority of the votes cast within the lin
Its Of said city of st. Louis voting for and
against this amendment shall be against
its adoption. then no bonds shall be is
sued under this amendment; and provid-
ed further, that no such Indebtedness so
shall be in any part thereof paid
py the state or from any state revenue.
tax or fund, but the same shall be paid
by the city Of st. Louis alone: Provided, |
In the city of st. Louis the amount
bonds now a~ggregating $6,111, 900, that |
peing the amount assumed by said city
county of st. Louis, and the sum OF S.
sos, 900 heretofore prior to January /.
1901, expended in the construction of
waterworks for the city of st. 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 wherein and the principal
whereof shall be provided from the rev.
enue of said waterworks; that is to say,
the amount of said bonds which shall be
outstanding at the time shall not be in
oiudsd in the computation of the exist
ing bonded indebtedness in determining
amount Of bonds authorized to be
by said city with the assent OF
of the voters under the provis-
ions Of this article, but said city shall
pc authorized at any time to issue bonds,
with the assent aforesaid, to an amount,
including outstanding Indebtedness, other
than that above named, to the amount
ten per cent of the value of the tax
property III Sdlu city, TO De aScer- |
tanned as above provided, and said city
have power, with such assent of the
voters, to issue bonds for the construc-
ton n Improvement of waterworks, the j
interest wherein and the principal where
shall be provided for from the income
said waterworks. Said city shall es-
a sinking fund for the m of
the bonds SO authorized according to
the times fixed for the maturity Of the
same: Provided further, that any city
which now has or may hereafter attain
4 population of seventS- five thousand or
inhabitants may acquire by pur-
chase. condemnation or construction,
waterworzs, gasworks. electric light
works, street railways, telegraph and
telephone systems, heating plants, Toe orSt
refrigeration plants, or any other plant |
or public service institution, with
IN or outside of the limits Of such city.
lor the use Of the city or its citizens.
for the purpose Of paying therefor,
n whole or in part. may issue public util-
ties bonds; which public utilities bonds
shall not be included in the liabilities or
Indebtedness of the city limited by the
prior provisions of this section; but the
.otal amount of such public utilities
to be issued by such city shall
not exceed twenty per centum OF the
yalue of the taxable property in said city,
% be ascertained as above specified, The |