The Key West citizen., 1952-09-19
No. l

No. 1
SENATE JOINT RESOLUTION NO.
Io6
A JOINT RESOLUTION Promising
an Amendnen to Article KIT Of the
state Constitution. by adding thereto
Section 1S. Providing That Part OF
The Revenue Derived From The IT,.
censinR of Motor Vehicles Shall Re
Used For Canitai Outlay and Debt
Service School PurnosAs and Pre-
scribinR The Method OF Distribution
And Tee Thereof.
RF TT RESOLVED RY THE T.EGTs-
1ATITRF OF THE STATE OF
FIT ORTDA:
That the following amendment n
Article XII ~ the state Constitution.
nv adding thereto Section 1s, rroyid.
ing that part Of the revenue derived
from the licensing Of motor vehicles
shall be used for capitaI OUTLAY and
debt service school purnoses and pre-
scribing the method NJ distribution and
use thereof. is hereby agreed 70 and
shall be submitted 70 the electors Of
the state for ratification nr reiec-
Hon at the next general election to
be held In 1882. as follows:
SECTION IL (a) That beginning Tan.
nary ]. 1883. and for thirty fS0) wears
thereafter. the first proceeds OF the
revenues derived from th- licensing
of motor vehicles n the extent nee
essarv "a conplv with the provisions
ot this amendment. shall. as collected
he placed monthly in the County Capi.
tal OUTLAY and Debt Service School
Fund In the State Treasury. and used
nnIv as provided 'n this Amendment
Such revenue shall be distributed an
nual1v emor0 the several counties ir
The ratio Of the number ~ instruc.
tion units IN each county IN eacl,
wear computed pc provided herein. The
amount Of the first revenues derived
from the licensing Of motor vehicles
70 he set aside in each wear and dlF
'rtbuted as provided herein shall /
an amount equal in the aggregate n.
The product OF four hundred (s400. .On>'
collars multiplied by the total nun.
her ~ instruction units IN all the,
counties Of Florida. The number o.
instruction units IN each county n
Zach wear for IRE purnoses of thie
amendment shall he the greater ~
~ the number oF instruction units IN
Hanh county for the school fiscal year,
'9St-52 computed in the mnrner here
'ofore or hereafter nrnvided nv genera
'aw. or (2) the number NJ instruction
"nttS IN such county for the nreoedIne
"chool fiscal wear computed in the
Manner heretofore or hereafter nro.
''ded nv general law and apnrovefi
y" the State Ponrd ~ Fducation there.
,-''Hr ca1'e1 The state poardl
- esr'-U euO -vuyO HsxrsE'1.
Such FUNDS so distributed shan ne
administered nv the state poard pc
now created ard Constituted nv Seo
hon ~ Article VII ~ the Consti-
s'tion ~ Florida. For the n1rrnosas ~
his Amendment. said state BOARD. as
pow constituted. shah continue ae a
body carporatA during thA life ~ t+'s
Amendment ana shan have all tbe
powers provided IN this Amendment IN
addition N All other constitution ~
and statutory MOVERS related n the
foie or hereafter conferred upon said
Board
(b) The state Board shan IN ada'-i
tion tn its other constitutional and
statutory mowers. have the maraee-
ment. control ana sunervisior Of the
nroceeds ~ the first na~t NJ the reve-
nues derived from the licensing Of
motor vehicles r~ovidAd FOR IN suhser-
tion fal hereof. The state Board she'll
aleo have nnwor FOR the purnose NJ on
tanning funds For the rsA ~ arv
County Board ~ Public Institution IN
acquiring. building constructing. altAr. /
~
or ecninninr canital OUTLAY nro'ec's
for school nurpnses. ~ issue bonds or
motor vehicle tax antic'nation cer+i-
ficates and also 20 Issue elirh bonds
or motor vehicle tax anticinatior cor
Nflcates "a nav. furd or refund any
bonds or motor vehicle tax antic'na-
tion Certificates Heretofore issued nv
said state Roard. All such bands eha'l
bear interest at not exceedin~ four
IAN eheU
mature ssriallv in annual ins'allmen+s
commencing nor more than three (9l
wears from the date ~ issuance thereof
Rrd ending NOT later thHu Januarv !.
1881. and each annual irstallur ant
shall not be less than f3N rer rantur7
of +he total amount ~ the Issue All
such motor vehicle taV antIcinatior
certificates shall hear interest at not
exceeding four t4l ner centUm per
usrv 7. 1888 IRE state Roard shall
have power 20 determine MI other da-
tails ~ said bonds nr r,ntor vehicle
tax Anticipation certificates arH ~ sell
AZ public sole after 0ublic advertise
mert or EXCHANGE said bonds ~ motor
vehicle tax anticipation cHrtfirateE.
uDon such terms and conditions as
the state BOARD shall nrntife
The state Board shan also have now
er 20 pledFe for the pavmant ~ I've
principal OF ard interest on sreh bonds
or motor vehicle tax anticipation GER
tificateS, Including refunding bonds or b,
refundinr motor vehicle tax antiripa-
ron certificates. all or anv part from
the anticipated revenues - he derived !
from the licensing Of motor vehicles
provided for in this Amendment and |
70 enter into any covenants ard other
agreement with the holders ot such /
bond or motor vehicle tar su'lcina-
tiou certificates At the time of THE is-
s'ianr@ thereof concerning the ssor'ritv
thereof ard the rights of the hol6evs
thereof. af ~ which cover ants and I
agreements shall constitute legallv /
binding and trrevocablA contra e's w''h
such holdsrs and shan he fGl'v en-
forceab9e bv such holders IA any court /
OF competent jurisdiction
No such bonds nr motor vehicle tax ,
sntjelpati0n certificates sNar ever Re /
issued hv the State R1a-a urf1 after /
the adoption % = resolution request
ing che issuance thereof nv re CoG~'~
Beard ot Public Instrlc'i7~ - tte /
county or heh&H % whlrh ~uch cbl'- +
gstlons srs - - Issued TIE state (
Rosra es education shan f3r'ff '~e /
amount - such hands ~ t7'er vehicle /
tax anticipation cert jfjcN'ss whleh can +
be issued on behss of asv ccg~'v .
10 seveutv-f'va f-sl Ne~ cent - tNs I
amount which = determines can 10 /
ssrvtced by thA revenue Accru.rg - +
ths rou7tv u-der fAR provisions o I
this Ar srarne-t A. sa-A b>rss ~ 4
motor vehicle tax aut.ciTAsf0u cer-I- !
fcStsS shah ne issued IN tNe name /
az tire state Board a. FAera.f0~ hrt (
sNaN - issued - s0a ~ eaAa| a. 4
ths County Bozra G. FrhH. IrVt-vlr- (
tion requesting fhs issuance thereof. !
ara - elsction 60 spr~0val g GuAi 1
fiei electors - trssk 0tdrrs shah - I
Required fcr ths tsv1H~~e tfe~ecs
te@ TIE State BonrA yNaH t- earA 4
year use 'hs tusss Gistr'hetas's pr
sua7t - fAs Amer surss, - ths ~rs. I
dlt 60 eArh ccuztT c~lv - tnR s>NaW- 1
irg raacze- arA order q erss~fy. +
a. - Vav a. s-,eu-'x - u~3S pal I
aH3 interest s,st4-#rg ~ se-h ve1r GO /
any e-arGs 81 n eor seA. . sAx arfsc. +
tcat'eH cev' fcatss tssueA unAh~ yNs
autheTfty ss~s0s t~r'-sf-r reFgs-ss-r 1
bor3s ~ EarteF yen - tAv arF5c.~s
tea rerts Gates isTEse 90 eaNa1f q /
TIE Bard o Puaar Irs7r sess~n - .
ssca ccsnty. Ss4Ntas~t- aowewer - R~v &
covRmsEts - sETeg-- s-ts -az - ~ sha
S-s's F.r7Tss c~7@es-1 '-s - rtxe-s -