The Delta independent., 1896-08-12
PROP0SED AMENDMENT
To the C0nstttutiOn Of the State o
Colorado.

To the qualified electors of the state of Colorado
greetings:
Article XIX. Section ?. Of the Constitution of IN,
State Of Colorado, and as directed by House Bill
No, l13: passed by the Tenth General Assembly
Governor Of said State on the eighth day OF April,
4. d. 1895, public notice is hereby siveI that at
wards and precincts in the State OF Colorado on
the third day OF November, A. d. 1896. there Will
be submitted TO the gu flied electors of the State.
for their approval or rejection, the following pro
posed amend ment to Article XI Section >, OF the
Constitution OF the State Of co,orado
sec. The state shall not contract any debt
buiIdi' g for the use of the state suppress In
sure cton defend the state, or In time of war as
sist in defending the United States.
The dent incurred in any one year for erec-
tion Of public buidnss shall MT exceed one
haf mill on each dollar of va'ustion of taxable
property within the state. shown by the assess
nent last preceding the creation Of the debt
1t shall not be lawful for any General Asse nb v
to authorize any appropriation in excess sf the
actual revenue OF the state of Colorado for the
preceding two years, except TO suppress insurrec-
in defending the United States; Provided. That
in q adition u the amount OF debt that may be
by loaa to the amount OF twelve hundred thous-
and dollars Isl ,2J.0J0 the bonds for such ind BIT
ed1ess shall draw interest at rate not exceed ng
iour az rer etntum per annim, and shall I've
sold at not less than their par value, to provide
funds for the payment of obligai ions Of the state
Outstanding at the end Of the fiscal year which
terminates November %. 1865; which aid ildebt-
edness includes four hundred and forty three
thou,and nine hundred AID fifty and eighty one
hundred hs d',liars tA3,95QsJ in warrants now
held in the public schooi-fund, on whIch there
Will be, at the date Of he is nc of The proposed
bonds, an accrued interest xmountiny to two
hundred aud fifteen thousand dollars (s2i5 pOl
which interest Will then be subject to d str thu
tion among the public schools Of the state: and
VIII ch further am unit OF said Indebtedness in
cludes sixty one Tho sand one hugdred and three
dol ars and eighty escn cents 1851 ,l03s7l in
rants, on which there will an accrued int rest
OF thirty thousand dollars N39.00O). which princi-
all the balance OF said indebtedness which Is
due to private indiv duais the pr nciual of which
Is two hundred ami seventy nine thousand two
hundred and twenty three dollars and sixty
an accrued interest Of one hundred aud tn .rty-
one thousand dollars t3l3i.uOJ). making n sum
total OF one million one hundred and sixty
thousand two hundred and seventy eight dollars
and thirty cents tsi, ,l60,27s.5D, To which
must finally be added the interest on all Of said
debt from November 30 1896, till the Issuance Of
the bonds; and Pr vided, That two hundred nd
ffy thousand dollars ts200oip OF the bonds issu-
ed shall be IN denominations Of une hundred
dolars (sI0ol. and the power to issue bonds here.
by granted sha.l expire with the payment of the
outstanding "b igations. as Aforesaid and sIso,
Provided. That the said bonds shall not LIE re-
funded but shall be paid at maturity"
Each elactor voting at said election. and de-
sirom Of voting for or a.,atnst the amendment.
slr,i deposit IN the lsllot box ticket whercon
snail be printed or written the words "For the
amendment, or the words Against the amend
ment."
In testimony whereof, 4! have hereunto st ny
band and aii,Jed the great seal Of the State q
August, A. ID. Is3j
tacaD secptary OF state
lfirst pub August 70; las, pub. October q. Is.-.j