The Delta independent., 1896-10-21
PROPOAED AMENDMENT
T~ the Consultation 81 the state Of
COlOrRslsp.

To the Qualified Electors of the State Of colora-
In pursuance of authority In me vested by
Article XIX. Section =. Of the Constitution OF The
State Of Colorado, and as directed by House BIN
No. li3 passed by the Tenth General Assembly
Of the state Of Colorado. and approved by the
Governor Of said State on the eighth day Of Apfii,
te d ls ess 10 be nes IL Se
wards and precincts in the state OF Colorado on
the thiri day OF November, A; u. 1876, there VIII
be submitted TO the quilted electors OF the state,
for their approval or rejection, the following pro-
posed amendment to Article xI. Section 8, Of the
Constitution Of the State Of Colornd"
"sec 3 The Statc shall not contract any deb,
by loan. or In any form. except to erect public
buildi.Es 1r :hs ne Of the sa,e, ~ snpPsss, IN.
sist In defending the United States.
"The de.t incurred In any one year for erec-
half mill on each dollar Of valuation of tasabie
property within the stste, as shown by the assess
snail no, be he sysa aeae q Asesy
- suihori,e ANY afprop,is,i1s n enees - ,h me
preceding two years except TO supfess insurrec-
ion defend the state. or In tine of war % assist
In defending the United states; Provided. That.
in addition u the amount OF debt that may e
incurred rs above. the stnte may contract deb,
by Loan to the amount OF twelve hundred fhous-
and dollars tsi. .DogOl; the bonds for sch indrbi
edncss shall draw Interest at rate not exceed ny
four 90 per esntum ycr annun, and shall be
sold at not less than their rar value, 70 PROVIDE
funds for the payment Of bliga'ions OF the state
outstanding at the end Of the fiscal year which
terminates November 30 is,.5 which said ibdebt-
cdncss includes four huntr Il and forty three
thou.and nine hundred ard fiflS and eighty one
hundredihs dollars tsii3o5O.sy) In warrants now
held in the public school-fund, On which there
will be. at the date ofihc issue Of the proposed
boIds. accrued interest amounting 70 two
hundred and filecn thousand dollars ts2i511l.
which interest will then be subject To d,stribu-
tion among the public schools of the state. and
which further am itIrit of said Indebtedness In
cludes sixty -one thousand hundred and three
dol and eighty seven cents fSJi io3sl) In war
rants, which there viii lie accrued iDtsrss II
Of thirty thousand dollars tsJ00tJl which prnci-
f..r afl nIa1
all the balance Of said Indebtedness, which i
due TO private ni'iy.duals, the principal OF which
Il two hundred and seventy nine thoaand two
hundred and twenty three dollars and sixty
four cent. fs27o 223.Gl), on which there VIII be
an accrued interest Of one hundred and thirty
total Of one million one hundred and sixty thous-
and two hundred and seventy y-ciellt dol dollan n
and fhirty-one cents (sl lSn. .Z7s3l). 10 which
must finally be added the interest on all Of said
debt from November 10 1896, TIL the Issuance OF
the bonds; and; Provided. That two hundred and
ed shall be in denominations Of one hund'ed
dollars (siool and the power TO issue bonds here
by grnnted shall expire with the payment Of the
outstanding obligations. As Aforesaid and. also.
Provided. That the said bonds shall not be re-
funded but shall be raid at maturity"
Each clector voting at said election, and de-
sirnus of voting for against the amendment.
shall deposit m the ballot box ticket whercon
shall he printed or written the words "For the
amendment or the words Against the amend
ment."
In testimony whereof I have hereunto set my
Colorado, nj the City Of Denver this third day Of
August. A. ID. Iss5.
A. y. McGAFFEY.
fScaD Secretary of state.