The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. State and local indebtedness

Collection:: Economics Books

52 THE FISCAL PROBLEM IN MISSOURI deserve mention as illustrating the general theory of limi- tations applicable in Missouri. An exception is made to the rule denying aid to individuals in the case of pensions to crippled and disabled firemen and payments for the relief of the widows and minor children of deceased firemen.! A similar exception is made in the case of the deserving blind.2 A third proviso® authorizes the levying of an annual state tax of not less than one half cent or more than three cents per $100 of assessed valuation for the purpose of establishing a pension fund for the deserving blind. Another section? of the constitution provides that “no county, township, city or other municipality shall hereafter become a subscriber to the capital stock of any railroad or other corporation or association, or make appropriation or donation, or loan its credit to or in aid of such corporation or association, or to or in aid of any college or institution of learning or other institution, whether created for or to be controlled by the State or others.” A proviso added to this section states that nothing contained in the constitution shall affect the right of any municipality to make such subscrip- tion, if authorized under existing laws by a vote of the people of such municipality prior to the adoption of the constitu- tion. Neither is this section to be construed so as to prevent the issue of renewal bonds or the use of other means pre- scribed by law for the liquidation or payment of such sub- scription or of any existing indebtedness. The most important constitutional limitations of the indebtedness of municipalities’ are found in Article X, Sec- tions 12 and 12a. Section 12° consists of several general restrictions and a number of provisos, which either authorize additional indebtedness in certain circumstances or pre- scribe further conditions that must be met. The general restrictions are as follows: 1 Proviso to Article IV, Section 47, adopted in 1892. 2 Proviso to Article IV, Section 47, adopted November 7, 1916. 3 Adopted November 2, 1920. 4 Article IX, Section 6. s City, county, town, township, school district, or other political corporation or subdivision. ¢ This section in its present form is an amendment adopted Nov. 2, 1920, Section 12 in its previous form having been repealed at that time.

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