The Lamar register., 1908-10-07

| ~rnsral election to lie held on the third
day Of Novemher A. D. , iyoS' . there VII ~
the State OF Colorado the question OF
amending the Constitution o. said state
question is found in House Iii No. 4S5.
which is. in words and figures. follow
Ing VIZ AN ACT
| To submit to the Qualified Electors of
| the State of Colorado an Ame1dment
e ft Of the consultation Of the state
of Colorado; and to PROVIDE Tor the
Creation Of Sonded in ,Se a,an,nt on or
ss7s,i5794 for the Purpose Of Funding
All Outstanding Legal warrants OF
Payment Of said Bonds.
Be biz y Of tse state az or OF coiorsdo
Section !. There shall be submitted 70
the qualified electors OF the STATE uinu,,o OF
| Colorado at the next general e!ection
their approval or rejection the following
State OF Colorado. which. when ratified
| by a majority of those voting thereon.
shall be valid as part Of the consti-
section ThTs. 81 Of article A lei st Elsve OF
Colorado shall be amended so as to read
sec. ). The State shall not contract
p pny Ise' for cssaai defIeieneiss Of rev
enue, erect public buildings for use OF
the State. suppress, ansof W Gsr assist in
defending the United states; and the
amount Of debt contracted IN any one
enue. shall not exceed one-fourth of
mill on each dollar of valuation of tag
aggregate amount OF such debt shall not
at any time exceed three-fourth Of .
a unit the Valuation shall equal one hun
bred millions Of dollars. and Thereafter
such debt shall not exceed one hundre9
thousand dollars. and the debt incurred
in any one year for the erection of pub.
lie buildings. shall not exceed one hair
and the aggregate amount of such debt
shall never at any time exceed the sum
OF fifty, thousand dollars. except sslt,. as
and in all cases the valuation In TINS
seclion mentioned shall be that of the
OF said debt.
Provided. that. in addition to the
mount Sn Of debt s saqs may may De Contract.
debt by loan for liauidating or redeem
ing the principal only OF the warrants
t is"e y.sl ~ 1857. 1888. 1883. 1889. 1898.
1894 and 1897; said debt by loan to be
est fandins p bonds to an amount not s.-
ceeding eight hundred and seventy
three thoTs.nd four hundred am, and f cany.
ISs7S.457.SO or SO much thereof as may
be necessary to cancel the State indebt-
the state any time after ten years from
their date. but ahall be due and paya::
bic within fifteen years after date. ana
shall be of such denominations as the
State Treasurer may deem best. The
three per cent per annum. interest pay
able semi annually at the office Of the
cisye Of r New York. state Of New York.
The principal of said bonds shall be
payable at the office OF the state
April /, 1903.
But no such bonds shall be issued ex-
in ind: and upon the surrender Of
warrants evidencing the same. exclu-
The state Treasurer is hereby author
lied and directed to exchange said
bonds for equal amounts of warrants
holder or Of warrants held by the pub.
lie school fund and other Investment
, yeaT. s snSs MAJ n.m e and the stat:
Treasurer shall register and keep the
bonds in th: name and for ~, The s,b benefit n
vestment funds under his control"
Section 2. Each eleetor voting At
for or against the amendment. shall
deposit In the ballot box ticket
Re e ,ss S1 wt tie sss
f I nd n' the Stat. indss,sdn:... and
Sec. 5 Of Artieis xi Of the constisution
funding the state indebtedness. and
Prev pneH.l 'e of the sam. ~ plse,ns eros:
(x) opposite one or the other of said
s. sa ;o srs d. as sa or the
lection Of said amendment shall be
eanyassed and the result det:rmined
the State for the canvass of votes for
representatives in Congress.
Section .. Upon a.esrtsining that
has has BEEN .dopted. the aovsrnor. =.
State Auditor. the state Treasurer. the
Ass. S ,oE Ds sss s. II. oss
as a debt funding board by siecting
1 member Of said board. or their success
an oath Of office and file the same with
iafm !ssairsa 2. stat. otfi ss,; for
a enf BY hi. Act. said board is here
by empowered to subpoena witnesses.
t ter oath.. and perform ali other Acts
nses..sry t9 the . speedy an md proper n dis
s snd kud IL shall r furnish tn. neessssry
help rsSui1ea by b shs beard ns
termined the amount which should pc
and file full and complete statement
the n 't Aud na Il the State. ana the dsa
cision of q majority of the board shall
provided for has filed its report and
findings with the Auditor Of State. the
Governor. the Treasurer. and the Secre-
tary of State are hereby authorised to
Issue the bonds Of the State of Colo
RADIO in accordance with the constitu-
ton as amended in a sum not exceed
ing eight hundred and seventy-three
thousand, four hundred and fifty-seven
dollars and ninety-four cents ts73.-
I67.s4) and to exchange said bonds or
so many thereof a. may be necessary.
| at par for the amount OF the principal
due on any and all Of said warrants
the legal holder. thereof. and unpaid
on April LIST. 1908. upon surrender OF
said warrants for cancellation. The
holders of any Of the said warrants
may pay into the State Treasury any
| difference less than one hundred dol
lars $1,000 each, necessary to pay. for
| the bonds delivered to them re-
The principal of said bonds shall be
| due and payable in fifteen years from
| their date. with the option of redemp-
| tion on the part OF the State at par and
accrued Interest. II the order Of their
| from their date. .t the office office Of tn the
| RADIO. Said bonds Ahall be numbered
| censscutively. beginning at number one
/ and shall be regist0rsd In the office of
| the Auditor Of State: and his certi-
ficate of such registration. attested