The Meeker herald., 1894-09-01
PROPOSED AMENDMENT TO THE CON
STTTUTIoN OF THE STATE OF COLO

RADO.
Public notice is hereby given that at the gen
crul election to be held in the several wards
and precincts in the state of Colorado on the
sixth day of November, A. d. 1895, there viii
bc submitted to the qualified electors the ques-
tiou of amending the constitution of this sinte.
The authority for submitting such question
is found in House Bill No. l9j, which Is, in the
words and figures. following, VIZ;
Az ACT to submit TO the qualified electors Of
the state Of Colorado amendments to Article
XI of the constitution OF the state of Colo
rndo. BE 1t enacted by the general assembly
Of the state Of Colorado:
section l. There shall be submitted to the
qualified electors of the state Of Colorado, at
the next general election for members OF the
general assembly, for their approval or rcJec-
ton, the following amendments TO the consti-
tuition of the state of Colorado, which, when
shall be valid as part Of the constitution, that
Is TO say: Section OF article XI Of the CON
.ttutIOn Of the state Of Colorado, shall be so
amended as to read ns follows:
scction |. Neither the state nor any county,
lend or pledge the credit or faith thereof, di-
rectiy Indirectly, In any man
ner 10 or in aid Of any person, company or cor
porutiOn. public or private, or Tor any amount
or for any purpose whatever, or become re-
spODsiblc for any debt contract or liability, 10
any person, company or corporation, public or
private in or out OF the sDate: Provided, that
the limitations Of this section shall not apply
to the guaranty by any shch county, CITY or
town Of bonds or warrants issued IN the con
stnIction of local improvements, ana payable
out Of moneys to bc collected by special assess
mgUlh inc property DSUtUt'Hif pit Hbti
bond. and warrants may be guaranteed In such
manner and subject to such limithu"ns hs may
be prescribed by law.
Sec. .. Section of snld article SNAIL be SO
amended as to rcan IA follows;
Sec. 8. No city or town shall contract any
debt by loan in any form, except by means OF
an ordinance, which shall be irrcpcalable until
the indebtedness tberiu provided Tor shhll nave
been fully paid or discharged spcclfyins me tiG
purpOze1 10 IS hich the funds TO be raised shall
bc applied, ana providing Tor the IcNy Oi uis,
not exceeding twelve l2J mills on each dollar
Of valuation Of taxable property Within such
city or town, suiitcient 10 pay the annual inter. %
est and c1tingul-h the principal OF such debt
within fifteen n5j. but not les thhn ten liW
years from the creation thereof and such tax,
when collected shBil be hppileh only 10 me
purposes in such ordinances specified, until
the Indebtedness shall be paid or discharged
But no such debt shall be created unless the
question of inCurrtuR the same shhll, at reg
Iilnr election for councilmen, aldermen or Of
nccrs of such city or town, be submitted to "a
vote Of such qualified electors thercpi hs shall
IN the year next preceding; have pnlh prop
erty tax therein, and n minority OF tbote Vot-
ing ON the qucttiO 10y ballot deposited In n
separate ballot box, shall vote In favor of
CREATING such debt; but the aggregate amount
Of debt 80 created, together with the debt ek-
istlnp at the time of such election, shall not at
any time exceed three 80 per cent. OF INC vti-
uaiifm Iagt aforesaid. Debts contracted Tor
aupplying water to such city or town arc eh-
eepted from the operation OF ms section me
valuation ia this section mentioned shall be In
ali esiscs that Of tho assessment next preceding
the last assessment before the hhOptlon OF .ncb
nidinanco. Provided that In CITIES having II
population Of more than twenty-five thousand
il5'OlJj an additional indebtedness Of not more
than two ~ per cent OF the same valuation
may Ia ike manner ana By IKE nutbority pc
incurred for the purpose NJ acquiring anu I'M
proving sites for parks and parkwhys for such
CITY, and that the aggregate amOuut OF such
debt 20 created, together with the debt exist
ing at the time of such election, may cquhi nut
shall not exceed at any time Ave % per cent
Of the same valuation; and, Provided, thht inc
limitations Of this section shall NOT apply 10
the guaranty by any such city or town OF any
bonds or warrants ISSUED by such city or town
In the construction of local improvements; but
Ia discharge Of such guaranty such city or
town may purchase and hol1 Donns or war.
rauts 10 Ruarantocd. aud be suDrogatcd to all
the rights Of the holders thereof
Sec 8. Each clcctDr voting at saih clectiph
and desrDus OF voting for or against M INC
amendments tn said article proposed NJ hhln
election. shall deposit In the ballot box ticEct
Wherein shall bo printed the words 'For the
Amendments" or Ayning, the afncndments
Any such clcctDr not desrOus OF voting ns
aforesaid may express his approval or relcc-
tion Of any one or more OF the nuenhfhehts 20
| said article 10 propoAed; PROVIDED, thnt NC
| shall designate cinh amendment 30 approved
or rejected by him by number ns 1t appears IN
this act.
Gee. 4. Tho votes cast for tho adoption or
rejection Of safd amendments, or either or any
| OF thcrn, shall bo canvasscd and the result de
Of This state for the cnnvRss OF votes for repre-
4,ntntIyes in congress. Approved April y lb@3.
In testimony whereof, have hcrcunp s.t
my hand and fixcd the great seal OF tho state
| Of Colorado, at the city Of Denver. TINS ti1th
day N August, A. u. lb9f. NEfSoh y; no
CLxgs, Secretary Of state. fBosI.j agi1-n3