The Delta independent., 1896-09-09
PROPOSED AMENDMENT
To lhc Constitution OF the state ol
CsioEnte,

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, aud as directed by House Bill
of the state OF Colorado, and approved by the
Governor of said State on fhe eighth day OF Apr
A. d. 1885, public notice is hereby given that at
the general election TO be held in the several
wards aud precincts in the state Of Colorado on
the third Day OF November, A; D. 1885, there VIII
be submitted 10 the quifel electors Of the State.
for their approval or rejection, the following pro-
posed amendment to Article XII, Section >, Of the
Constitution Of the State Of Coiorado
sec. 3. The Strte shall not contract any debt
by loan, or in any form, exeept to erect public
etion defend tic state, in time of war as
sist IN defending the United States.
" The DEBT incurred In any one year for cree
tion OF public buiidnE shall not exceed one
half mill on each dollar Of valuation of taxable
property within the state, as sluwn by the assess
Ii shall not be lawful for any General Assembly
to authorize any appropriations in excess sf he
actual revenue OF the state OF Colorado for the
preceding two years. except 10 suppress insurTee-
ton defend the state. or In time OF war to assist
In defending the United states; Provided That,
In addition TO the amount of debt that may he
incurred as above, the state may contract debt
by loan TO the amount OF twelve hundred thous-
and dollars ts 2co ooo; the bonds for such indebt
edness shall draw interest at rate not exceed ng
four ~ per centrim per annuIn, and shall be
sold at not less than their par value, TO pruv.de
funds for the payment of obligations Of the state
outstanding at the end Of the fiscal year which
terInlnaIes N9geI1per 1 ~ isI5i when s,ld idsbt
thousand nine hundred and fifty and eighty
hundredihs dollars tsii3 950.sUl in warrants now
held In the public school-fund, which there
will be, at the date ofthe is sue OF the proposed
bonds. an accrued interest amounting 10 two
hundred and fifteen thousand dollars t.2i50Jp),
which interest will then he subject 10 disiribu-
tion among the public schools Of the state; AVID
which further amount OF said Indebtedness in
cludCs sixty One thousand one hundred and three
dollars and clghty-Se.eu cents lsii .1O3S7l In
rants. on which there will he an accrued Interest
of thirty thousand dollars $4,000. which prinei
ual interest he ~ IA n NJ
all the balance of said Indebtedness. which Is
due TO private Individuals the principal OF which
Is two hundred and seventy nine thousand tgo
hundred and twg nty- three dollars and sixty
four cents $50 -22Ssil, on which there Will be
an accrued interest Of enc hundred and thirty
one thousand dollars lsi3i COO, making sum
total of one million one hundred and sixty thous-
and two hundred and seventy eight dol dollars
and thirty-one cents Isl .1cc27s.sl), TO which
must finally be added the interest on all OF said
the bonds; and; Provided. That two hundred and
fifty thousand dollars (s2j00Oo Of the bends isst
ed shall be In denominations Of me hundred
dollars lsl0Ol anu the power to issue bends here
by granted shall expire with the payment OF the
outstanding obligations. aforesaid and, also,
Provided. That the said bonds shall not be re-
funded but shall be paid al Maturity"
Each elector voting at said election, and de-
siruus Of voting for or agninst the amendment.
shall deposit IN the ballot box ticket whcrcon
shall be printed or written the woris FOR the
amendment, or the words against the amend
ment."
In testimonT whereof / have hereunto set my
Colombo, at the City Of Denver this third day Of
Ar. McGAFFEY,
tSeaD Secretary Of state.