The Delta independent., 1896-10-28
in House BilkNo. Iia. which is in the words and
figures following. viz:
House Bill No. 1l3.
AR

An ACT
To submit to the qua'i6ed Electors of the State Of
Colorado an Amendment 70 Article XI-. Sec
tion 5, of the Constitution of the State of Colo
RADIO: and 10 provide tor the creation of
the amount Of Twelve Hundred Thousand
Dollars to fund the outstanding obligations Of
the State.
Be it Enacted by the General Assembly OF the
State of Colorado:
SECTION I. There shall be submitted to the
qualified electors of the state Of Colorado, at the
eral Assembly. for their approval rejection.
the following amendment II the Constitution OF
majority of those voting thereon, shall be valid
as part OF the Constitution, to-wit: Section 3
Colorado shall be mended to read as follows:
SEC. g. The state shall not contract any debt
by loan, or In any form. except to erect public
buildings for the use of the state, suppress in
assist in defending the United States.
of public bniidnes m HhaIf nos Dos Exceed enehal
mill on.each dollar of valuation of taxable prop
ment last preceding the creation of the debt Il
shall not be lawful for any General Assembly to
as 81 eP o @ ol Inc
precc eding two years. except to suppress insur-
reetion. defend the state, or. in time Of war, to
That in addition To the amount of debt that may
be incurred as above the state may contract a
debt by loan to the amount Of twelve hundred
thousand dollars (sl a0t,oUOl: the bends for such
| Indebtedness shall draw interest at n rate not
l
shall be sold at not less than tA~ir par value,
to provide iLnds for the payment OF obligations
yesr which SoSenbel ei
which said Indebtedness includes four hundred
and and fortythree thousand nine hundred and fty
! in warrants now held in the public school fund,
| on which there will be, at the date of the issue
amounting 10 two hundred and fifteen thousand
| dollars ls2la .ooo), which interest will then be
subject To distribution among the public schools
| of the state and which further amount OF said
indebtedness includes siytyone thousand one
cents 1851 .iO3s7J in warrants. on which there
will be an accrued Interest of thirty thousand
dollars SssoSool, which principal and md interest be
81 said Indebtedness, which Is due TO private in
diyiduals the principal of which is two hundred
and seventy-p nine thousand two hundred and
twentythree dollars and sixty -four cents fse79-
22s so, on which there will be an accrued inter
lars (sl3 ,OOo), making a sum total of one million
one hundred and sixty thousand two hundred
ls ,l6o. .2.s.3T TO which must finally be added the
interest on all of said debt from November 30.
ed, That two hundred and nd MY THOUSAND % dollars
ts250,0OO) of the bonds issued shall be denoDi-
| nations of one hundred dollars tsioo); and the
power to issue bonds hereby granted shall expire
| with the payment Of the outstanding obligations
as aforesaid and. also, Prorided, That the said
bonds shall not be refunded; but shall be paid at
sEc. 2. Each elector voting at said election
| and desiro,is Of voting for or against the amend
ment. shall deposit In the ballot box a ticket
whereon shall be printed or written the words
For the Amendment "or the ds'Against the
Amendment"
SEC. 3. The votes cast for the adoption re-
lection OF said amendment shall be eanvassed
scribed by the laws of the state for the canvass of
votes for representatives in Congress.
Approved April 5, 1895.
In witness whereof. have hereunto set my
hand and official seal, ut Delta, this 2nd day Of
September. A. ID. 1896.
lsEAL,l GEORGE 8. .CONELIN,
Comfy Clerk.