The Bessemer indicator., 1894-09-15
PROPOSED AMENDMENT TO THE
CONSTITUTION OF THE STATE
OF COLORADO,

PROPOSED AMENDMENT TO THE
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 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 aud figures,
following, viz:
AN ACT
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 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 rejection, the
following amendments to the constitu-
ton Of the state OF Colorado, which,
when ratieed by q majority of those
OF the constitution, that is to say: Sec
tion OF article XI. Of the constitution
OF the state of Colorado, shall be 30
amended as to read MS 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 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 OF corporation,
public or private, in or out of the stnte
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 en- the property
benefited, but such bonds and warrants
may be guaranteed in such manner
and subject to such limitations us may
be prescribed by law.
Sec. 2. Section Of said article shall
he 30 amended rs 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 provid-
ing for the levy OF tax, not exceeding
twelve Q2) mills on each dollar OF
valuation Of taxable property within
such city or town, sufficient to pay the
annual interest, and extinguish the
principal OF such debt within fifteen
tl5), but -ot less than ten C1O) years
from the creation thereof; and such
tax, when collected, shall be applied
only to the purposes in such ordinances
specified, until the indebtedness shall
be paid or discharged. But no such
debt shall be created unless the ques-
tion of incurring the same shall. at
regular election for counclmen alder
men or officers OF such city or town, be
submitted to vote OF such qualified
electors thereof MS shall, in the year
next preceding, have paid II 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; but
the aggregate amount OF debt 30 GREAT
ed, 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. Debts
contracted for supplying water to such
city or town are excepted from the ,
operation Of this section. The valua-
ton in this section mentioned shall be
in all cases that Of the assessment
next preceding the last assessment
before the adoption Of such ordinance;
Provided, That in cities having popu-
latlon OF more than twenty five thou
sand (25,0O0) an additional indebtedness
OF not more than tive (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 30 created, together with the |
debt existing at the time Of such cleo.
tion, may equal but shall not exceed at |
valuation; and, Provided, That the
limitations Of this section shall not
apply to the gu aranty by any such city
or town OF any bonds or warrants
issued by such city or town in the con
struction OF local improvements; but
in discharge Of such guaranty such CITY
or town may purchase and hold bonds
or warrants so guaranteed, and be-
subrogated TO all the rights of the
holders thereof.
Sec. 8. Each elector voting at said
0ioSt'ou auu ueSlTOub OF vOLlnG fCr or
against all the amendments to said
article, proposed at snid election, shnll
deposit in the ballot box ticket where.
on shall he printed the words "For the
amendments" or Against the amend
ments." Any such elector not deeirous
OF voting as aforesaid may express his
approval or rejection Of any one or more
OF the amendments to said article 20
proposed; Provided, That he shall
designate each amendment 80 approved
or rejected by him by number as il
appears in this act.
Sec. 4. The votes cast for the sdop-
tion or rejection Of said amendments.
or either or any Of them, shall be can.
vassed and the result determined, ia
the manner provided by the laws Of
this state for the canvass Of votes Tor |,
Representatives in congress.
Approved April 8, f6g8.
In testimony whsreof, have hero
unts eet my hand and mixed the mat
sal q the state 0f Co3oeulo, q the /,
city Of Denver, this slxth day ofl
August, A. y. loo4.
Nn16ON o. 1cUI.llR
{Ha4z3 1sssslsry q ~.