Mexico weekly ledger., 1921-07-28

PtOtfOttEH TIA LU6 tnI0TeSk OF t0e SiXtN
million dollar authorized road bond Issue
sess. 70 'A'0 ''0" "''or Ssn'''' license
section AGA of article " Of the Con.
stitution OF Missouri by inserting the
words and interest," between the
words principal" and of in line Is
Of said section.
Be It resolved by the House Of Represen-
tattves. the Senate concurring there.
in:
That at the general election to be held
on the Tuesday next following the first
Monday In November. 1922, or at a special
election to be called by the governor in
his discretion prior to u general cleo
ton, there shall be submitted to the cleo.
tors Of the state, for their approval OF
rejection, an amendment to the Constitu-
tion OF the state amending section 44-a
Of article " thereof by inserting between
the words principal and of" as the
same appear in line 10 of said section
44-a, the. words land interest so that
aid section 44-a. when amended, will
Section 44a. In addition to the excep-
tions made and created in section "A, the
general assembly shall have the power
from time to time, for the purpose Of
constructing hard surfaced public roads,
In each county of the state, to contract
or to authorize the contracting Of a debt
or liability on behalf Of the state. and to
issue bonds or other evidences Of in
debtedness thereof not exceeding, in the
aggregate, sixty millions OF dollars, such
bonds to bear interest at q rate not ex-
ceeding FIVE per centum per annum, pay.
able semi-S!nually, and maturing not
later than thirty years from the date
they bear. The said bonds and the in
terest that will accrue thereon shall be
paid out Of a fund to be provided by the
levy and collection Of a direct annual tax
upon all taxable property in the state
Any motor vehicle registration fees OF
license fees or taxes, authorized by law,
except the property vax thereon, less the
cost and expense of collection and the
cost Of maintaining any state highway
department. or commission, authorized by
law shall after the ISSUANCE of such
bonds, and SO long as any bonds herein
authorised are unpaid, be and stand ap-
propriated without legislative action fol-
and to the payment of the principal and
interest of the said bonds, and shall b
for BY law. It shall be the duty Of the
state auditor. annually, on or before tha
first day OF July, to determine the rata
OF taxation necessary to raise the amount
principal and interest maturing / thu
next succeeding year, taking Into eonsid-
Grafton available funds. delinquenciea
and the cost Of collection. The auditol
SO determined to the clerk Of the county
court of each county and to the assessor
or other officer in the city Of St. Louis
whose duty 1t may be to make up and
certify the tax books wherein are ex.
tended the state taxes. It win be the
duty OF said clerks and the said assessor
or other proper officer In the city Of st
taxes to be collected and certify the same
TO the collector Of the revenue of theii
respective counties, and the city Of st
Louis, who shall collect such taxes al
the came time and IN the same n
and By the same can as are now OF
may hereafter be provided by law for the
collection of state and county taxes, and
pay the same into the state treasury
The legislature shall enact such laws a.
may be necessary to carry Into effect this
amendment.
Aupssvsd March 2s. 1874.