The Bessemer indicator., 1894-09-01
PROPOSED AMENDMENT TO THE
CONSTITUTION OF THE STATE
OF COLORADO,

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
10 the qualified electors the question OF
amending the constitution Of this state.
The authority for submitting such
| question is found in House Bill No. l95.
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 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 ratified by ma,ority OF those
voting thereon, shall be valid ns part
of the constitution, that is to say: Sec
tion OF article ri. Of the constitution
OF the state Of Colorado, shall be 10
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, 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 wnrrants
may be guaranteed in such manner
and subject to such limitations as may
be prescribed by law.
Sec. .. Section of SAID article shall
be so amended MS 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 a 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
U5), 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 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 councilmen alder
men or officers Of such city or town, be
submitted to vote Of such qualified
electors thereof as shall, in the year
next preceding, have paid n property
tax therein, and majority Of those
voting on the question, by ballot de-
posted In separate ballot box, shall
vote in fayor OF creating such debt; but
the aggregate amount OF debt so Great
ed, together with the debt existing at
the time of such election, shall not Mt
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 y-five thou
sand (25,000 an additional indebtedness
OF not more than tive (2) per cent Of the
same valuation may in like manner and
Qnthnrtfv In .v,o,
purpose ef 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. |
ton, may equal but shall not exceed at |
any time five 90 per cent. OF the same
valuation; and, Provided, That the |
Limitations of this section shall not
apply to the gu uaranty 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
holders thereof.
Sec. 3. Each elector voting Mt said |
election and deslrous Of voting for or
against all the amendments to said |
article, proposed ut said election, shall |
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 us aforesaid may express his
approval or rejection OF any one or more
OF the amendments to said article 40 |
proposed; 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 cast for the adop- |
ton or rejection Of said amendments.
or either or any Of them, shall be can, |
vassed and the result determined. in |
the manner provided by ths laws Of
this state for the canvass Of votes for |
Representatives. in congress.
Approved April s, 1883.
In testimony whereof, ! have here
unto eet my hand and affixed the great
Heal sf the state Of Colorado, st the
city OF Denver, this sixth day of
August, A. D, 1854.
NELSON o. MoCr4Ene |
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