Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1920-10-21

10000 for the purpose Of creating a SOL
dlers' settlement fund.
JOINT AND CONCURRENT REsOLU-
TION providing for the amendment of
section A, article 4 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, 900, 000), by an
issue of bonds for the purpose of Gre
ating a soldiers settlement fund.
Be it resolved by the Senate, he House
of Representatives concurring therein,
as follows:
The general election to be held in this
state on the first Tuesday following the
first Monday in November. A. D. 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 4 of the state Constitu-.
ton, entitled General assembly not to
contract debts except as herein'-prov1d-
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 its accrued earning,
shall revert at the completion of the sol,
dier settlement contracts to the general
revenue funds of the state:
Section /. That section A. article 4
or the CONSTITUTION Oh the STATE Oh Mis-
souri,, entitled General assembly not to
contract debts except as herein"
be amended by the addition of the fol-
lowing provisions which shall pe append
ed thereto, and shall be known as sub
division fourth Of section A, article 4
of the Constitution. Subdivision fourth,
section Al, 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
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 have been repatriated, and who
nave 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 its bonds in
an aggregate sum, not to exceed one
million dollars, Is hereby authorized and
directed, said bonds to be in the denomi-
nation Of one thousand or FIVE hundred
dollars each, or of both denominations Gas
the state board of fund commissioners may
determine) and be payable thirteen years
from the issuance thereof; shall be pay
dDl6 W OCGASA Ala NV GAOAtNI NS
| United States, and shall bear interest at
a rate not to exceed four and one-halt
per centum a year (as the state board
of fund commissioners may Determined,
payable semi annually on the first days
| 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
shal be redeemable at the option OF the
state after eight years from date; shall
be signed by the governor, and counter
| signed by the secretary of the state, witt
the great seal of the state attached; ano
| shall be registered by the state auditor
to which he shall certify on each bond
and authenticate such registration by his
| signature and his official seal attached
| said bonds, when so prepared and exc
cuted, under the supervision of the state
board of fund commissioners, shall bt
sold to the best advantage by said board
but for not less than par. The proceeds
of said sales or sale shall constitute &
fund to be designated as the soldiers
settlement fund, and shall be used ex'
| ~cluslvely as a revolving fund by tht
! soldier settlement board or department
for such a period OF time as 1t may desig-
nate, and for such projects as are ap'
proved by the governor, and reQuisitions
upon the soldiers settlement fund shal
bear the governors approval, after which
this fund with its accrued earnings, shall
! be returned to the general revenue fun(
of the state. Contract or contracts fo
expenditures or loans to carry out thu
purpose Of this act in excess Of said on
million dollars. with interest collected
thereon, shall, to the mount of said ex
cess, be illegal and void and forever non
payable. ..
Section z. That the general assembl.
shall, and does hereby levy an annla
tax Of one cent on the one hundred dol
lars valuation of the taxable property 0
the state for the payment Of the a~ccruinl
interest on the said bonds, and for tn
creation OF a sinking fund for the pay
ment thereof, said taxes, beginning witt
the year 1920, to be levied and c~ollectel
annually as In case OF other state take
In this state. until said bonds are full
paid.