Mexico weekly ledger., 1921-07-14

PROPOSITION NO. 4

| f nv q
Proposed constitutional amendment
providing that the interest Of the sixty
million doilar authorised road bond Issvs
may be paid froNa MOTOR vehicle Moonsa
fees. $3.50
joint and ~concurrent resolution to amens
stitution. Of Missouri By inserting the
words "and interest" between ths
words "principaf' and 'tof"' In 'hne Is
OF said section. - -3@ :
Be It resolved by the House OF Represen.
tatives, the Senate concurring there
in:
That at the general election to be heN
on the Tuesday next following the frst
Monday IN November, 1922, or at q special
election to be called by the governor In
his discretion prior to such general cleo
ton! there shall be submitted to the, cleo
tors OF h state, for their approval o.
rejection, an amendment to the Constitu-
ton OF the state amending section 44-a
q article ~ thereof by inserting between
the words principal and "of." al the
same appear in line 10 Of said section
said section 44-a, when amended, viii
read as follows: -
Section Ala. In addition to the excep-
tons made and created in section "A, the
general assembly h 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 &c
issue bonds or other evidences Of in
debtedness thereof not exceeding, in the
aggregate, sixty millions OF dollars, such
bonds to bear interest at a rate not ex-
ceeding FIVE per centum per annum, pay
able s~emi-alnually, 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 tar
upon all taxable property in the state
license fees or taxes, authorized by law
except the property rax thereon, less the
cost and expense of collection and the
cost OF maintaining any state highway
law, shall after the issuance of such
bonds. and So long as any bonds hereir
authorized 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 ia
credited to a sinking fund to be provided
for by law. 1t shall be the duty Of the
state auditor, annually, on or before ths
hrst day Of July. to determine the rate
Of taxation necessary to raise the amount
OF money needed for that year 10 pay the
next succeeding year, taking into consid.
GRAFTON available funds, d~ehn0uencies
and the cost of collection. The auditor
soa des ennaales f to thss t elsrF rate e & &c sa soSna'
court of each county and to the assessor
or other officer in the city Of st. Louia
whose duty 1t may be to make up and
certify the tax books wherein are 81.
tended the state taxes. II will be the
duty of said clerks and the said assessor
or other proper officer in the city Of ST
Louis to extend upon the tax books the
taxes to be collected and certify the same
to the collector of the revenue of theil
respective counties, and the city Of ST
Louis, who shall collect such taxes al
the same time and in the sane manner
and By the same means as are now OF
may hereafter be provided By law for IN
collection of state and county taxes, and
pay the same into the state treasury
h legislature shall enact such avs ns
amendment.
ADCssssd March 81. 1Qa1.