The Meeker herald., 1896-09-05
PROPOSED AMENDMENT
To the Constitution of the State
of Colorado.

To the Qualified Electors of the State OF Colo
RADIO, Greeting:
In pursuance of authority in me vested by
Article XIX. Section .. OF the Constitution of
the State of Colorado, and MS directed by House
Bill No. ll3. passed by the Tenth General As
seInbly of the State of Colorado, and approved
by the Governor of said State on the eighth
day Of April. a. d. 1895, public notice is hereby
the several wards and precincts in the State of
Colorado on the third day of November, 4. ID.
1885. there will he submitted to the qualified
electors of the State, for their approval or re-
lection, the following proposed amendment to
Article XII. Section 3, of the Constitution of
..Sec. 3. The state shall not contract any
debt by loan. or in any form, except to erect
public buildings for the use Of the state, cup
Of war assist in defending the United States.
1.-THE debt incurred in any one year for
esec,en E. publ nii Ss On esss dasiae saa u VAL
uatfon Of taxable property within the state,
ing she" the creation on Of the debt 4 shall
not be lawful for any General Assembly tn
authorize any appropriations in excess of
the preceding two years, except to suppress in
surrection, defend the state or, in time of war,
to assist in defending the United States; Pro
vided ThBt, in addition to tho amount of debt
that may be incurred as above, the shitc may
contract debt by loan to the amount Of
twelve hundred thousand dollars xl.30,0OO:
the bonds for such Indebtedness shall draw in
tercst at a rate not exceeding four a. per CEN
tum per annun. and shall be sold at not less
than their par value, to provide funds for the
payment OF obligations of the state o,itstnnd-
ing at the end Of the fiscal year which ternlin-
ates November 30, 1885; which said indebted
ness includes four hundred and forty-three
thousand nine hundred and fifty and eighty
on>hundredths dollars Is 1880 .sOl in warrants
now held In the public school-fund. on which
there will be, at the date of the issue of the
proposed bonds. an accrued interest amount
Ing to two hundred and fifteen thousand dol
lars tf215,000l. which interest will then be sub
ject to distribution among the public schools
Of the state; and which further amount of said
indebtedness includes sixty-onc thousand one
hundred and three dollars and eighty-seven
cents 1851 ,103.S7) in warrants, which there
will be an accrued interest Of thirty thousand
dollars if30, ,00O which principal and interest
belongs to other state funds and all the bal
ance Of said Indebtedness, which is due to pri-
vate individuals, the principal of which is two
hundred and sevcnty-nine thousand two hum
dred and twenty-three dollars and sixty-fOur
cents <219...s>384), which there will be an
crued interest OF one hundred and thirty-one
thousand dollars tSl3l, ,00O making sum total
of one million one hundred and sixty thourand
and thirty-one cents tS1.1 O,21s.3l, to which
must finally he added the interest all of said
debt from November 30 1sp6 till the issuance
dred and fifty thousand dollars tt2j0OOO of the
bonds issued shall be in denominations of one
hundred dollars e100l; and the power to issue
bonds hereby granted shall expire with the
payment of the outstanding obligations, as
aforesaid; and, also, Provided, That the said
bonds shall not be refunded; but shaIl be paid
at maturity.
Each elector voting at said election, and de-
eirous OF voting for or a&ainst the amendment,
shall deposit in the ballot box = ticket whereon
shall ee printed or written the words 'For the
m testimony whereof, have hcreunto set
Of Colorado. at the City of Denver, this third
tseal.l 4. B. McGAFFEY.
aug1-oct3l Secretary OF State.