The Key West citizen., 1952-09-05

eESATH Joint REsoLrTToN NO.

SENATE JOINT REsoLrTqoN NO.
A JoTNT RESOLUTION Proposing.
an Amendment TO Article XII Of tlie'
state Constitution bv adding thereto
Section IS. Providing That Part OF
The Revenue Derived From The liz
censinE Of Motor Vehicles Shall Re
Used For Capital OUTLAY and Debt
Service School Purposes and Pre-
scribing The Method OF Distribution
And Use Thereof.
BE TT RESOLVED BY THE LEGIS.
LATuRE OF THE STATE OF
FLORIDA:
That the following amendment 10
Article XII Of the State Constitution,
by adding thereto Section IS. provid-
ing that part OF the revenue derived
from the licensing of motor vehicles
shaH be used for capital OUTLAW and
debt service school purposes and pre-
seribinE the method Of distribution ana
use thereof ]: hereby agreed 70 and
shan be submitted TO the electors Of
the State For ratification or -eIec-
tion at the next general election 10
De held IN 1851. az follows:
SECTION 10 ea) That beginning Dan.
nary 1. 1863. and for thirty 1907 years
thereafter. the first proceeds Of the
revenues derived from ths licensing
or motor vehicles 10 the extent nee
ersarv 20 comply with the provisions
or this amendment. shah. az collected
be placed monthly in the County Capt
tai Outlay and Debt Service School
Fund IN the State Treasury. ana used
only ~ provided IN this AyneEdment
such reyeuue shall be distributed an
nualiy among the several counties IN
the ratio Of the number 81 inseruc.
tioH units 81 each crpnfy n each
year computed a. provided Aer1in, THE
amount o. the first revenues derived
rroyn the Hnensing Of Tnpk0P vehiclep
70 be eak aside N each wear and dfh
tribukeA ~ provide6 herein SlsAn b
an annQ9pt equal in tbs aNereHaee n
the Drodnef OF four .huudfgh 140D. co.
doiiars nhiiltipiied BY the total num-
Der OF inetenrtian units n al ne
csgrsiss ;ssg.sSoS Ss .,sd rlSrids Z Tas aS@Ssr q
each vear FOR the PURPOSES of Sfie
Amendment shan be the arsatep ~
I'D the number Of instruction units IN
eacb county for the school fiscal wear
tyki-5z computed IN the manner here.
f0foFe or hereafter nF0videA by genera
law. or f7) the number ~ instruction
units IN such county for the Dreesdln~
school fiscal wear computed IN the
manner heretofore or hereafter pro-
Ntuou ~ EEuefaI Jaw Huu approved
Nv the State Board of Education there
'--'.A~ csi'aA fhe SFs+e pnsrAl
s -~~-~ ~se 1svso ~s0usoT.
Such funds 10 aistrFbutad shan BE-
administered bv the state Board as
now crAsted ana constituted bv Sec
eion ; ~ Article VII of the Consti-
tuition Of Florida. For fhe purposes al
mis- Amendment. sai6 state board. as
BOW constituted shall continue as n
BODY corporate during the life ~ this
Amendment and shan have sfl the
powers provided in thls Amendment n
addition 70 all other constitutional
and statutory MOWERS related 10 fhe
purposes OF This Amendment hereto
fore or hereafter conferred upon said
Board
fhl The state Board shaii ln a6di-l
don TO its other constitutional andi
statutory uowers. have the manage.
ment. control and suueFvision Of The
proceeds u the first part 81 the reve-t
motor vehicles provided for IN smhsec- |
t'an (al hereof. The State Board shan !
aisn have power. FOR the purpose Of OBJ /
tanning funds for the use Of anv
County Board nf Public Institution In |
ACQUIRING. hriiding constructing. sitter
Ing. improving. enlarginE, furnishing !
or squippfng capital OUTLAW protects !
for school uurposes. 70 trsue bonds or !
motor vehicle tar anticipation certl- !
fieatea ana also 60 issue such bonds
or motor vehicle tax anticipation GER
tifiratep 70 nav. fiInd or refund any
bonds cr motor vehicle tax anticipa-
tion certificates Heretofore issued bv
said state Board. An such houds shah !
bear Interest At not exceeding fourl
(N per centum uef anHum ana shall
mature sAriailv In annual snstaIlments
commencing not more than fhree f3lI
yearH from the date Of issuance thereof
ana ending not later than January I'll
1883. and each annual installmeutl
shah not he less than (sl per centurnl
Of the total amount Of the issue An
such motor vehicle Tar anticinationi
oertificatss shall bear interest at not
exceeding four eg1 per ceHtum peri
annun and shah mature prior 20 Jam
nary (. 1881 The state Roard shall
have power 70 determine an other de-
tails Of said bonds or motor vehicle
tar anticipation Certificates and 20 sell
Mt public sale after puhlic sdvertise-
ment or exchange said bonds or motor
vehicle tar anticipation certificates
up0n such terms and conditions a.
enc state Board shah proSide.
The state Beard shah also have pow
~ 70 pledge for the payment of tlei
principal Of and interest on such bondsl
Or motor vehicle tax anticipation eer-l
tificateu. Including refnnding bonds or
refun0ing motor vehicle tar anticipa-
tion certificates. al Or any part from
the anticipated revenues 70 Be derived
from the hcenaing OF motor vehicles