The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-24

1871, under the Constitution of 1885,
of the State of Florida, did pass 8
Joint Resolutions proposing amend
ments to the Constitution of the
State of Florida, and the same were
agreed to by a vote of three-fifths
of all the members elected to each
house: that the votes on said Joint
RESOLUTIONS were entered upon their
irrespective Journals, with the yeas
land nays thereon, and they did de-
atermine and direct that the said
lJoint Resolutions be submitted to
Ethe electors of the State at the Gen.
peral Election in November, 1912.
I 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..
/ 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 its
Powers and Duties, and Providing
| for the use of Proceeds of Two Cents
per Gallon of the Gasoline or Other
Motor Fuel Tax for CD 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. e.. 1891, for
Road and Bridge Purposes, and for
| CD Public Highway Purposes.
BE 1T RESOLVED BY THE LEG
ISLATURE OF THE STATE OF
| 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 Section 16 of said
Article TX creating state Board of
| Administrations; prescribing it's
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 I'D the payment
and retirement of all outstanding
bonds issued by any county or spe-
| cial road and bridge district prior
to the First Day of July, a. II. 1881,
for road and bridge purposes, and for
| CD public highway purposes, is here
| by agreed to and shall be submitted
| to the electors of the State of Flor
ida for ratification or rejection at
the next General Election to be held
in 1912, as follows:
Section 16 (a). That beginning
January list, 1943, and for fifty (5e)
years thereafter, the proceeds of two
(2c) 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
1869, Laws of Florida, Acts OF 1891
and for the purposes of the appor4
tionment based on the counties
contributions for the cost of State
road construction, the amount of the
contributions established by the eer-
l tificates made in 1891 pursuant to
said Chapter 1868, 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 pros
vided.
(b) The Governor as Chairman,
| the State Treasurer and the State
Comptroller shall constitute a body
| corporate to be known as the State
Board of Administration which
Board shall succeed to all the power,
control and authority of the statu-
| tory Board of Administration. Said
Board shah 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 (2c) 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 1st, 1881,
| for road and bridge purposes. The
| word Bonds" as used herein shall
| include bonds, time warrants notes
and other forms OF Indebtedness is
sued for road and bridge purposes
tby any couhty or special road and
bridge district or other special tax
! ing district, outstanding en- July LIST,
1881, or any refunding Issues there
Fof. Said Board shall have the Statu-
| tory powers of Boards of County
! Commissioners and Bond Trustees
! and of any other Authority of spe-
cial road and bridge districts, and
| other special taxing eistEictS therez
lie rnyfN Il ~ Ill l. Ic [oxr
cept that the power to levy ad va
loren taxes is expressly withheld
from said boardl and shall take over
| all papers, documents and records
| concerning the same. Said Board
shall have the power from time to
| time to issue Tefunding bonds to
mature within the said fifty (50)
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
mot more than three CD per cent per
! annum in such denominations and
maturing at such time within the
I fifty t50) year period as the Board
may determine. In addition to 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