The Bessemer indicator., 1894-08-18
PROPOSED AMENDMENT TO THE
CONSTITUTION OF THE STATE
OF COLORADO.

L hCT opISb AN T4N l'hF.. ~ ltEs
CONSTITUTION OF THE STATE
OF COLORADO.
| Public notice is hereby given that at
| the general election to be held in the
several wards and precincts in the state
of Colorado on the sixth day Of Novem-
Der, A. ID. 1894, there will be submitted
to the qualified electors the question OF
amending the constitution OF this state.
The authority for submitting such
question is found in House Bill No. 1876,
which is, in the words and figures,
following, viz:
| AN ACT
| To submit to the qualified electors OF
the state OF Colorado amendments TO
article ri of the constitution of the
state OF Colorado.
Be it enacted by the General Assembly
Of the state OF Colorado:
Section /. 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 rejection, the
following amendments to the constitu
ton Of the state of Colorado, which,
when ratified by ma.ority of those
voting thereon, shall be valid as part
OF the constitution, that is to say: Sec
tion OF article SI. of the constitution
OF the state Of Colorado, shall be 80
amended as to read as follows:
Section /. Neither the state, nor any
county, city, town, township or school
district shall lend or pledge the credit
or faith thereof, directly or indirectly,
in any manner to or in aid of any person.
company or corporation, public or
private, or for any amount or for any
purpose whatever, or become respon-
sible for any debt, contract or liability,
to any person, company or corporation,
public or private. in or out OF the state;
Provided, That the limitations of this
section shall not apply to the guaranty
by any such county, city or town OF
bonds or warrants issued in the con
struction of local improvements, and
payable out OF moneys to be collected
by special assessments on the property
benefited, but such bonds and warrants
may be guaranteed in such manner
and subject to such limitations MS may
be prescribed by law.
Sec. .. Section 8 of said article shall
be 10 amended as to read as follows:
Sec. 8. No city or town shall con
tract any debt by loan in any form.
except by means OF an ordinance, which
shall be irrepealable until the indebt-
ness therein provided for shall have
been fully paid or discharged; specify
ing the purposes to which the funds to
be raised shall be applied, and proyid-
ing for the levy Of n tax, not exceeding
twelve Q2) mills on each dollar Of
valuation OF taxable property within
such city or town, sufficient to nav the
annual interest, and extinguish the
principal OF such debt within fifteen
tl5), but rot less than ten 1O) years
from the creation thereof; and such
tax, when collected, shall be applied
only to the purposes In such ordinances
specified, until the indebtedness shnII
be paid or discharged. But no such
debt shall be created unless the cues.
ton OF incurring the same shall nj n
regular election for councilmep ulder
men or officers OF such city or town, be
submitted TO u vote of such qualified
electors thereof MS shall, in the year
next preceding, have paid "a property
tax therein, and a majority OF those
voting, on the question, by ballot de
posted IN separate ballot box, shall
vote in favor OF creating such debt; but
the aggregate amount of debt so Great
ea, together with the debt existing at
the time OF such election, shall not at
any time exceed three (3) per cent of
the valuation last aforesaid. Debta
contracted for supplying water to such
city or town are excepted from the
operation OF this section. The yalun-
ton in this section mentioned sbnll he
In all cases that Of the assessment
next preceding the last assessment
before the adoption OF such ordinance;
Provided, That in cities having n popu,
lation OF more than twenty five thou
sand (25,OO0) an additional Indebtedness
OF not more than two (2) per cent. OF the
same valuation may in like manner and
by like authority be incurred for the
purpose Of acquiring and improving
sites for parks and parkways for such
city, and that the aggregate amount Of
such debt 80 created, together with the
debt existing Mt the time OF such elec
tion, may equal but shall not exceed at
any time five (5) per cent. Of the same
valuation; and, Provided, That the
limitations OF this section shall not
y ply to the gu iranty by any such city
or town OF any bonds or warrants
Issued by such city or town In the CON
struction OF local improvements: hut
in discharge OF such guaranty such CITY
or town may purchase and hold bonds
OF warrants so guaranteed, and be
subrognted to all the rights OF the
holders thereof.
Sec. 3. Each elector voting at said
election and desirous OF voting for or
against all the amendments to said
article, proposed at said election. shnIi
deposit in the ballot box ticket where.
on shall be printed the words "For the
amendments" or against the amend
ments." Any such elector not desirous
OF voting ms aforesaid may express his
approval or rejection Of any one or more
OF the amendments to said article no
Provided, That he shall
designate each amendment 30 approved |
or rejected by him by number as il |
appears in this act.
Sec. 4. The votes cost for the a.lop- |
tion or rejection Of said amendments.
OF either or any sf them. shall be can.
vassed and the result determined. in
the manner provided by the laws 81
this state for the canvass Of votes FOR
Representatives. in congress.
Approved April 9, 1893.
In testimony whereof, hsve hare
unts eet my hand ard adixed the rres4
Desl = tne e9Ate q Colorado, & ths
~ e p.yS tAis sixth ~ q
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