The Bessemer indicator., 1894-09-29
WHITE & DAVIS
Clothers and Furnishiers
Corner of 3rd and Santa Fe.
PROPOSED AMENDMENT TO THE
CONSTITUTION OF THE STATE
OF COLORADO.

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-
ber, A. ID. 1894, there will he 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. 1875,
which is, in the words and figures,
following, viz:
To submit to the qualified electors OF
the state OF Colorado amendments to
article XI OF the constitution OF the
state OF Colorado.
Be it enacted by the General Assembly
of the state OF Colorado:
Section 1. There shall be submitted
to the qualified electors OF tho 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,
voting thereon, shall be valid US part
Of the constitution, that is to say: Sec
ton Of article XI. of the constitution
Of the state OF Colorado, shall be &c
amended as TO read as follows:
Section l. 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 OF
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 as may
he prescribed by law.
Sec. 2. Section 8 Of said article shall
be 30 amended a. 10 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 te
be raised shall be applied. and provid
ing for the levy Of tax, not exceeding
twelve Q2) mills on each dollar Of
such city or town, sufficient TO pay the
annual interest, and extinguish the
principal OF such debt within fifteer
15), but 'ot lees 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 shal
be paid or discharged. But no such
debt shall be created unless the cues.
tion Of incurrinQ the same shall. at a
regular election for councilmen alder
men or officers Of such city or town, be
submitted to vote Of such qualified
electors thereof as shall, in the yeai
next preceding, have paid property
tax therein, and majority. Of those
voting, on the question, by ballot de-
posted IN separate ballot box, shall
vote in favor Of creating such debt; bui
the aggregate ameunt Of debt SO creat.
ed, together with the debt existing at
the time OF such election, shall not al
any time exceed three (3) per cent Of
the valuation last Aforesaid. Debts
contracted for supplying water to suoh
city or town are excepted from the
operation Of this section, Tho yalua.
ton in this section mentioned shall bt
in all cases that Of the assessment
next preceding the last assessment
before the adoption Of such ordinance
Provided, That in cities having popu.
lation of more than twenty-five thou
sand (25,OOO) an additional indebtedness
of not more than tive "a per cent. Of the
same valuation may in like manner and
by like authority be incurred for the
/ purpose Of acquiring and improving
s,tes for parks and parkways for sucf
city, and that the aggregate ameunt ol
such debt 80 created, together with the
debt existing at the time Of such elec
tion, may equal but shall not exceed a,
any time five t5) per cent. Of the SAINT
valuation; and, Provided, That tht
. limitations OF this section shall moi
apply to the guaranty by any such cit,
or town Of any bonds or warrants
issued by such city or town in the con
struction Of local improvements; hui
in discharge Of such guaranty such cit,
or town may purchase and hold bonds
or warrants 80 guaranteed, and be
subrogated to all the rights Of the
holders thereof.
| coC' Os EbCn el0Ct0f Young at said
election and desirous Of voting for OF
ag ainst all the amendments to said
article, proposed at said election, shall
deposit in the ballot box ticket where.
on shall be printed the words "For the
amendments" or Against the amend.
ments.r Any such sisotor not desirous
OF voting ~ aforesaid may express IN
approval or rejection Of any one or mors
Of the amendments to said article so
proposed; Provided, That he shall
designate each amendment 70 approved
or rejected by him by numbar = Il
appears In this cot.
Sec. 4. The votes cost for the adop.
tion or rejection of mid smendmenfs
u either o.. any Il then, shall b. can.
yasssd and The result determined. in
the manner provided BY the laws Of
this stats for Tie CANVAS of votes for
representatives, II ooagraoa,
4 Appsoved April q, 1o9a
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