The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1894-09-15
sTITUTION OF THE STATE OF COLO
RADIO.

RADO.
eral election to be held in the several wards
and precincts in the state of Colorado on the
be submitted to the qualified electors the ques-
ton 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:
AN ACT to submit to the qualiiicd electors Of
the state Of Colorado amendments to Article
XI of the constitution Of the state of Colo
RADIO. 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 reJec-
ton the following amendments to the consti-
tuition OF the state OF Colorado which, when
ratified by majority Of those voting thereon,
shall be valid as part of the constitution, that
Is to say: Section / of article Xi of the CON
stimtion of the state of Colorado, shall be so
amended as to read us follows:
Section |. Neither the state nor any county,
city town, township or school district shall
lend or pledge the credit or faith thereof, di-
rectiy indirectly, in any man
ner to or in aid of any person, company or cor
! porntion. public or private, or for any amount
or for any purpose whatever, or become re
sponsible for any debt, contract or liability to
any person, company or corporation, pubic 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
u
mcnts on the property benefited, but such
bonds and warrants may be guaranteed IN such
manner and subject to SUCH limitations hs may
be prescribed by law.
Sec. g. Section of said article shall be so
amended as to rean ns follows:
Sec. s. No city or town shall contract any
debt by loan in any form, except by means Of
an ordinance, which shall be irrepenlnbie until
the Indebtedness thGrin provided Tor shnll nave
been fully paid or discharged; specifying the
purposes 10 which the funds to be raised shall
be applied, and providing for, the levy Of 4 tax,
not exceeding twelve ~ mills on each dollar
OF valuation of taxable property within such
city or town sufficient to pay the annual inter
est, and extinguish the principal OF such debt debt
| within fifteen d5), but not less than ten tlU
| years from the creation thereof ana such tax,
| when collected, shall be applied only to the
| purpose, in such ordinances specified, until
| the Indebtedness shall be paid or discharged.
| But no such debt shall be created unless the
| question of incurring the same shall at reg
| lilaT election for cOuncilmen, aldermen or OIL
| fccrs of such city or town, be submitted TO q
vote of such qualified electors thereof as shall,
| In the year next preceding, have PAID n prop
erty tax therein, ard II majority of those Vot-
| ing on the ques ton by balot deposited IN a
| separate BALLOT box, shall Yoto N 1hVor OF
| creating such debit but the aggregate amount
| of debt so created, together with the debt ex-
| listing at the time of such election, shall not mt
any time exceed three % per cent. of the val
| uaiiou last aforesaid Debts contracted for
| supplying water to such city or town are cH-
copied from the operation of this section. The
| valuation In this section mentioned snail PC III
| NIL cNses that of the assessment next preceding
| the last assessment before the adoption OF such
/ Oh dInauCG. IIONliti lbht III tItltS nav ih5 ..
| population Of more than twenty-five thousand
| i25O1O, AN additional Indebtedness oil 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 ana I'M
| proving sites for parks and pnrkwnyS Tor sIch
| city, and that the aggregate amount Oh such
| debt 40 created, together with the dent exist
| ing at the time of such election, may equal nut
| shnII not exceed at any time five 90 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; put
| IN discharge of such guaranty slch city OF
| town may purchase and hold bonus or war,
| rnutg so Guaranteed, and be subrogated to all
| the rights of the holders thereof
| Sec. g. Each elcctor voting at saiu clectipn
| aud desiious of voting for or against all inc
amendments to said article, proposed at std
election shall deposit in the ballot box Il ticket
Wbereon shnll be printed the words For the
amendments" or "Against the amendments
| Any such elector not desirons OF voting, us
| aforesaid may express his approval or fe1cc-
tion of any one or more OF the HinennneHts 70
said article so proposed; Provided, that nc
| sLull designate each amendment so approved
| or rejected by him by number us 1t appears III
| this act. - ,.., o
reelection OF snid amendments, or either or any
az them shall be canvasscd and the result dc
| terInined In the manner provided Dy inc hive
OF this state for the canvass OF yoscs I9T fePpe P
scntatves In congress. Approved April ., iova pa:
IN testimony whereof. have hcreuntn M set
nv bnnd and affixed the great seal OF inc M Msutte
Of Colorado, Mt the city Of Denver inns sixtn N,
day Of August. A. ID. 1884. NELSON y; NC
CHIEFS, secretary Of State. tseal.) aguna