The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-10-22

dlers' settlement fund.
JOINT AND CONCURRENT REsOIU-
TON providing for the amendment OF
section "a, article 1 OF the Constitution
Of the state Of Missouri, relating to
the contracting Of a liability In behalf
OF the state Of Missouri, IN the sum Of
one million dollars Isl, OGO. 900. by an
issue OF bonds for the purpose OF Gre
ating q soldiers settlement fund.
Be Il resolved BY tina Senate. the House
OF Representatives concurring therein.
as follows:
The general election to be held In this
state on the first Tuesday following the
1rst Monday In November, A. y. 1920.
there shall be submitted to the qualified
voters Of the state OF Missouri for adop-
ton, the following amendment TO sec
ton a, article I Of the state Constitu-
tion, entitled General assembly not To
contract debts except as hcrein"-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 AT the completion " the SOL
der settlement contracts to the general
revenue funds Of the state:
Section l.. That section A, article 4
vi AUt NVlSliNuilOn OF the STATE OF Misc
souri,. entitled General assembly not to
contract debts except as herein
be amended by the addition Of the fol-
lowing provi uons which shall be append
ed thereto, and shall be known as sub
division fourth Of section a., article (
Of the Constitution. Subdivision fourth.
section "A, article 4 Of the state Con-
stitution--The object OF this amendment
Is. In recognition Of military service. TO
provide employment and rural homes for
QOldlnrc aallnrE n rAnAu ar41 aNRawa wmk.
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 have been r~epatriated. and who
have been honorably discharged. here
after referred to as soldiers" and to
accomplish such purpose BY cooperation
with the agencies OF the United States
engaged In work OF a 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 It's bonds In
an aggregate sum. not to exceed one
million dollars, Il hereby authorised and
directed, said bonds to be In the denomi-
nation OF one thousand or FIVE hundred
dollars each, or OF both denominations (aB
the state board OF fund commissioner may
Determined and be payable thirteen years
from the issuance thereof; shall be pay
able to bearer In lawful money OF the
United States. n shall bear interest at
\ rate not to exceed four n one-half
per centum q year (as the state board
OF fund commissioner may determine),
payable semi-annually on the first lays
OF January and July OF each year, and to
that end suitable coupons shall be at
tached to each bond for the payment OF
said interest; each coupon shall have
a facsimile OF the signature OF the state
treasurer engraved thereon. Said bonds
shah be redeemable at the option Of the
state after eight years from date; shall
signed by the secretary OF the state, with
the great seal OF the state attached; and
shall be registered by the state auditor
TO which he shall certify on each bond.
signature and his official seal attached:
said bonds. when 20 prepared and exc
cuted, under the supervision OF the state
board OF fund commissioners. shall be
SOLD % the best advantAge by said board.
OF said sales or sale shall constitute a
fund 20 be designated a. the Boldiers'
settlement fund. ard shall be used ex-
clnsively as n revolving fund by the
soldier settlement board or department
for such \ period Of time az Il may deslN-
nate. and for such projects as are APP
proved BY the governor. and requisltionH
upon the soldiers settlement fund shall
osar the soysrnors epproyat AFTER which,
BE- returned to the general revenue fund
Of the state. Contract or c~ontracts Tor
expenditures or loans 70 carry out the
purpose q this act Ia excess cf said one
million dollars, with interest collected
thereon. shall, TO the amount Of said ex- |
cess. be Illegal and void and forever non
payable.
Section 2. That the general assembly
shall and does hereby levy an annual
tax Of one cent on the one hundred dol
lars valuation OF the taxable property OF
Interest OF the said bends. and for the
creation OF a sinking fund for the pay
rnent thereof, said taxes, beginning With
the year 1920. TO be levied and collected
In this state. until said bonds are fully |
paid