The Delta independent., 1896-09-16
PROPOHED AAENDMENT
TO the COnssleullOn 0r the State {
Colorado.

To the Qualified Electors Of the State Of Colora-
do, Greeting:
A seeon CT IF e Se
State Of Colorado, and Is directed by House Bill
No. ll3. passed BY the Telth General Assembly
G. sa q aid sats on the esth day o9
A. d. 1895, public notice Is hereby givel that at
wa wards and precincts in the State Of Colorado on
the third day Of November; A; D. 1886, there will
be submitted to the quilted electors q the State,
posed amendment to Article XI Section g. Of the
Constitution Of the State Of Colorado:
Sec. B. The state shall not contract any debt
by loan or in any form, except to erect public
buildiugs for the use Of the state. suppress in
sist ip defending the United States.
The dent incurred in any one year for erec-
ton Of public 6hi'dns ~ f q .hs mot exceed one one
property within the state, as shown BY the assess
ment last preceding the creation Of the debt.
actual revenue Of the state Of Colorado for the
ion. defend he STATE or IN time q war to assist
in defending the United States; Provided. That
in addition 70 the amount OF debt that may. be
Incurred as above. the state may contract debt
BY loan to the amount Of twelve hundred thous-
and dollars o. ,2Ooo): the bonds for such ind-bt-
four ~ per eeEtum per annum, and shall be
sold at not less than their par value, 70 provide
ous Il sSe end o. "f shs eai yesr which
terminates November 30 1886 which said ii,debt-
edness includes four hundred and forty three
thoueand nine hundred and ffty and eighty one
hundred hs dollan eH3. $50. .s0) In warrants now
held In the public school-fund. on which there
will be, at the date Of he issue Of the proposed
bonds. an accrued interest amounting to two
hundred ard ifieen thousand dollan t3,i5lOoO).
which interest will then Ike subject to dstribn-
tion among the public schools Of the state; and
which further am. unit Of said Indebtedness in
cludes sixty -one thousand one hundred and three
dollar and eighty cents ISL 3s7) In war
rants on which there will be an accrued interest
Of thirty thousand dollars $50 ooo which princi.
all the balance Of sald Indebtedness. which Is
due TO private individuals the principal Of which
is two hundred and seventy nine thousand two
hundred and twenty-three dollars and sixty
four cents ts279, ,2,3.GL, on which there Will be
an accrued Interest Of one hundred and thirty
total Of one million one hundred and sixty thous-
and two hundred and seventy eight dol dolla-
and thirty-one cents Wl. lao, ,27s.3i). 70 which
must finally be added the interest on all Of said
debt from November %, 1896, TIL the issuance Of
the bonds; and; Provided. TLaf two hundred and
ffty thousand dollars e2O,0DO) of the bonds issu.
ed shall be In denominations Of one hundred
dollars telOol and the power to issue bends here
by granted 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 paid at maturity"
Each elec.or voting at said election. and de-
siruus Of voting for or against the amendment.
shall deposit IN the ballot box . ticket wbereon
shall be printed or written the words For the
amendment or the words Against the amend
ment."
In testimony whereof I have hereunto set my
hand and affixed the great seal Of the State of
Colorado, at the City OF Denver. this third day VI
A. b. McGAFFEY,
tSeaD Secretary Of state