Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1920-09-30
CONSTITUTIONAL AMENDMENT
NO. s.

StNtCo " q IHGuT
tiles. aD'' u"-
JOINT AND CONCURRENT REsoLU-
TON providing for the amendment of
article 10 of the Constitution Of the
state of Missouri by striking out sec
ton II thereof, and adding a new sec
tion IN lieu thereof. to be known as
sectlon IL thereof. relating to the linn
It of Indebtedness Of counties. cities.
towns. townships, school districts and
otner political corporations and sub
divisions.
Be It resolved by the Senate. the House
OF representatives concurring therein.
as follows:
Inat at the general election to be held
on tuesday next following the frst Nom
Say IN November, A.. D.. 1920, there shall
the qualified voters Of the state of Mis-.
souri, the repeal of section IL Of article
~ or the Constitution of Missouri and the
adoption OF the following new section in
thereof, relating to the limit Of indebted
ness or counties, cities, towns, townships.
school districts n other political cor,
porations and subdivisions:
Section IL. No county. CITY. fnwn
township, school district or other ~politicai
corporation or subdivision of the state
snaH pc allowed to become indebted In
any manner or for any purpose to an
LA oily year Tic lnC0mG
revenue provided for such year, with
out the consent of two-thirds of the yot-
ers thereof voting on such proposition.
at az election to be held for that purpose;
nor N cases requiring such assent shall
any Indebtedness be allowed to be in
CURED to an amount including existing
Indebtedness, in the aggregate exceeding
NE per centum on the value of the tax
apie property therein, to be ascertained
by the assessment next before the last
assessment for state and county purposes.
previous to the mourning Of such in,
n~eDteaness' except that cities having a
population OF seventy-five thousand i'm
hapitants or more may. with the assent
OF tWo-thirds of the voters thereof yot-
ing on such proposition at an election to
6eht nelo lor that purpose, incur an in
on the vaiue of the taxable property
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 any
ELECTION, general or special; provided. that
with such assent any county may be al
lowed 70 become Indebted to a larger
amount for the erection Of courthouse or
jail, OF 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
political corporation or subdivision of the
state mourning any indebtedness requir-
ing the assent of the voters as aforesaid.
shall before or at the time of doing SO.
provide for the collection Of an annual
tax sufficient to pay the interest on such
Indebtedness as It falls due, and also to
ment 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
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
ssue, and the proceeds thereof shall be
paid to the corporation organized for the
celebration of the Louisiana purchase
centennial IN satd city, to be used by said
corporation for said celebration, holding
a worlds fair or exposition in said city.
Ana said corporate authorities of st.
Louis shall be repaid as large a proper
Tomato amount Of the aid given by them
as shall be repaid to the stockholders Of
sald corporation on the sum subscribed
ana paid by them, and any surplus re-
naming from the assets of said corpora
ton after said stockholders and said city
snail have been paid in full. shall be
divided between said stockholders and
said city in proportion to the aggregate
amount OF said stock so paid In and the
amount so loaned by said city; and any
amount SO received by said city from
said corporation shall be paid into the
sinking fund of said city for the redemp.
ton Of Its outstanding bonds: Provided.
that II, at the election for the adoption
OF this amendment to the Constitution, a
majority of the votes cast within the linn
Its OF said city of st. Louis voting for and
against this amendment shall be against
It's adoption, then no bonds shall be is
sued under this amendment; and proyid-
ed further. that no such Indebtedness so
created shall be in any part thereof paid
Dy the state or from any state revenue,
tax or fund, but the same shall be paid
by the city Of st. Louis alone: Provided,
that in the city of st. Louis the amount
OF bonds now a~ggregating &c. Ill, 900, that
peing the amount assumed by said city
IN the scheme Of separation from the
county of st. Louis. and the sum of S.
s0S. 900 heretofore prior to January /,
1901, expended in the construction Of
waterworks for the city Of ST. Louis and
any PONDS which may be hereafter issued
by said city in the construction and inn |
provement OF waterworks, the payment |
or the interest whereon and the principal
shall be provided from the rev.
the amount of said bonds which shall be
outstanding at the time shall not be in
Guided in the computation of the exist
bonded indebtedness In determining
by said city with the assent of
two-thirds of the voters under the provis- |
Of this article. but said city shall
authorized at any time to issue bonds, |
WhtAA tiu uSSCtil dlOIcSdlu, 10 HI amount. |
including outstanding indebtedness, other |
b that above named, to the amount
OF ten per cent of the value of the tax |
able property in said city, to be ascer-
tanned as above provided, and said city
"a nave power, with such assent of the
voters, to issue bonds for the construc-
ton and Improvement of waterworks, the
interest wherein and the principal where
Of shall be provided for from the. income
pr said waterwOrks. Said city shall es-
tablish a sinking fun for the payment 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
, population of seventy-five thousand or
more inhabitants may acquire by pur-
chase condemnation or construction,
waterworks, gasworks, electric light
works, street railways, telegraph and
telephone systems, heating plantS, Ice or
refrigeration plants, or any other plant
or public service institution, with
n OF. outside Of the limits OF such city,
Tor 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
2 not be included In the liabilities or
Indebtedness Of the city limited by the
prior provisions of this section; but the
amount of such public utilities I
to be issued by such city shall
lot exceed twenty per centum OF the
raiu0 OF the tayabIa Drnuertv IN unfd rffv III