The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-17

1 respective JOuTndISy WIN the yeas
and nays thereon, and they did de-
termine and direct that the said
Joint Resolutions be submitted TO
| the electors of the State at the Gen.
eral Election in November, 1912.
! NOW, THEREFORE,, I, r. A.
| GRAY. Secretary of State of the
State of Florida, do hereby give
/ notice that :
GENERAL ELECTION
will be held in each county in Flor
! ida on Tuesday next succeeding the
| first Monday in November, A. D.
i 1912, the said Tuesday being the
THIRD DAY OF NOVEMBER
| for the ratification or rejection of
the said Joint Resolutions proposing
amendments to the Constitution of
the State of Florida. viz:
A JOINT RESOLUTION Proposing
an Amendment to Article TX of the
Constitution of the State of Florida
Relating to Taxation and Finance,
/ BY Adding Thereto an Additional
| Section Creating a State Board of
Administrations; Prescribing it's
Powers and Duties, and Providing
for the use of Proceeds of Two Cents
per Gallon of the Gasoline or Other
Motor Fuel Tax for ID the Payment
and Retirement of All Outstanding
| Bonds Issued BY Any County or Spe-
cial Road and Bridge District Prior
to First Day of July, A. u. 1881, for
Road and Bridge Purposes, and for
| CD Public Highway Purposes.
BE 1T RESOLVED BY THE LEG
FLORIDA: That the following
amendment to Article TX of the
| Constitution of the State of. Florida
relating to Taxation and Finance by
adding thereto an additional section
to be known as Sectionss16 of said
Article TX creating State Board of
Administration; prescribing its
powers and duties, and providing for
| the use of the proceeds of. two cents
per. gallon of the. gasoline or other
motor fuel tax for Up the payment
and retirement of : all outstanding
bonds issued by. any county or spe-
ciaI road and bridge district prior
| to the First DaysOfS J uly "a. u. 1891,
for road and bridge purposes, and for
(2l.public highway puEpbses, is here
by agreed to and shah he submitted
to the electors ofsthe, State. of Flor
ida for ratificationSorSr ejection at
the next GeneraIgElectio to be held
in 1912, as follows:
Section 16 (a). That beginning
| January LIST, 1913, and for fifty 600
years thereafter, the proceeds of two
Geo cents per gallon of the total
tax levied by the State law upon
gasoline and other like products of
petroleum, now known as the Second
Gas Tax, and upon other fuels used
to propel motor vehicles, shall as
collected be placed monthly in the
State Roads Distribution Fund in
the State Treasury and divided into
three (3) equal parts which shall be
distributed monthly, among the sew
eral counties as follows:
One part according to area, one
part according. to population, and
one part according to the counties
contributions to the cost of State
road construction in the ratio of dis
tribution as provided in Chapter.
1868, Laws of Florida, Acts of 1881,
and for the purposes of the appor-
tionment based on the counties
contributions for the cost of State
road construction, the amount of the
contributions established by the GER
tificates made in 1881 pursuant to
said Chapter 1869, shall be taken
and deemed conclusive in computing
the monthly amounts distributable
according to said contributions. Such
funds so distributed shall be ad-
ministered by the State Board OF
Administration as hereinafter pro-
vided.
OBJ The Governor as Chairman,
the State Treasurer and the State
Comptroller shall constitute a body
corporate to be known as the State
Board of Administrations which
Board shall succeed to all the power.
control and authority of the statu-
tory Board of Administration. Said
Board shall have, in addition to
such powers as may be conferred
upon it by law, the management,
control and supervision of the pro-
ceedS of said two Geo cents of said
taxes and all moneys and other as
sets which on the effective date of
this amendment are applicable or
may become applicable to the bonds
of the several counties of this State,
or any special road and bridge dis
| trict, or other special taxing district
thereof, issued prior to July LIST, 1881,
| for road and bridge purposes. The
word Bonds" as used herein shall
| include bonds, TINA warrants notes
and other forme OF Indebtedness is
sued for road and bridge purposes
| by any county or special road and
| bridge district or other special tax
! ing district, outstanding Si1 July LIST.
1881, or any refunding issues there
of. Said Board shall have the Statu-
tory powers of Boards OF County
! Commissioners and Bond Trustees
! and of any other Authority of spec
other Special taxihE 6iNritfE there--
| of with regard to said bonds, lex
cept that the power to levy ad va
/ loren taxes is expressly withheld
from said board) and shall take over
all papers, documents and records
concerning the same, Said Board
shall have the power from time to
| time to issue refunding bonds to
mature within the said fifty (5o)
year period, for any of said out
standing bonds or interest thereon,
and to secure them by pledge of
anticipated receipts from such gaso-
| line or other fuel taxes to be dis
| tributed to such county as herein
provided, but not at a greater rate
{ of interest than said bonds now
bear; and to issue. sell or exchange
on behalf of any county or unit for
| the sole purpose OF retiring said
bonds issued by such county, or spe-
cial road and bridge district. or
other special taxing district thereof,
gasoline or other fuel tax anticipa-
/ ton certificates bearing interest at
not more than three (3l per cent per
annum In such denominations and
maturing ut such time within the
i fifty (5o) year period an the Board
may determine. In addition 70 ex-
ercising the powers now provided by
statute for the investment OF sink
! ing funds, said Board may use
the sinking funds created for said
bonds of any county or special road
and bridge district, or other unit
hereunder, to purchase the ma
tured or maturing bonds participant
| ing herein of any other county or
any other special road and bridge
district, or other special taxing dis
| triet thereof. provided that as to
said matured bonds, the value there
! of as an investment shall be the
price paid therefor, which shall not
exceed the par value plus accrued
| interest, and that said investment
shall bear interest at the rate OF
three CD per cent per annum.
/ (cl. The said Board shall annually
use said funds in each county ac-