The Elbert County tribune., 1908-10-29
consrrrurIoxAL AMnxYuEnr.

Notice 70 hereby given that At the
G 3 % "a. si:es:rs ss: ss "
amending the constisution on Of ssiS State e.
ns a1sh2Tsty sad m for uo suSmnis,1,nS such
which r. IN %oTas n ana Yais fsu4s. ssiew
Ing. viz.
To Submit TO the Qualified Electors OF
10 ssction + Three Is Of hrtscle Hiessn
(xH Of the Constitution Of the State
e and e R5Se: for the
ss7s.f57S4 for the Purpose Of funding
the the state for and Prior 70 the Y Year
ss5 and fS % ss9Sids ss1S Rong 1Ss the Issue and
| Be IL Enacted by tho General Assem-
bly, OF the State of Colorado:
Section l. There shall be submitted to
the qualified electors OF the State OF
pa1S Of member OF ri the General A.sembiy for
their approval or rejection the following
of so os wes ws.s rstes Of
shall s'Siid be valid as as % part Of iss cons,i-
Section Three g, Of Art..is Eleven
| txI) of the Constitution OF the state Of
Colorado shall be amended 30 ~ 20 rssd
sec. g.. The State shall not contract
by n TO
the State. suppress insurrss.ion. defend
defssainx ae % e The II uneed ai States sT .nd the
amount of debt contracted In any one
enue, shall not exceed one-fourth Of
| mill on each dollar OF valuation Of tax
sble property within the State. and the
at any time exceed three -fourths OF
mill on each dollar OF said valuation,
until the valuation shall equal one hun
dred millions of dollars. and thereafter
such debt shall not exceed ons hundred
thousand dollars and a. the 1d aeps insus5sd n, rSi
mill mil on each dollar Of said valuation;
shall never at any time exceed the sum
OF fifty thousand dollars. Except as
and and In nj ali Il cases the valuation in this
section mentioned shall be that of the.
assessment last preceding the creation
Provided. that. in addition to the
amount OF debt that may be incurred.
debt by loan for .liquidating or redeem
| ing the principal only OF the warrants
BY the AIdtor q stsse durIag
1894 and 1897; said debt by loan to be
evidenced by registered coupon inter
| ceeding eight hundred and seventy
three thousand four hundred and fifty
sssss4Ss or so much sssreo1 .. enn may
be necessary to cancel the State indsbt-
edness herein named. Such funding
the State any time after ten years from
their date but shall be due and paya.
shall be of such denominations as the
| State Treasurer may deem best. The
bonds shall bear interest at the rate OF
| three per cent per annum. interest pay
able semi-annually at the office OF the
State Treasurer or at some place IN the
The principal of said bonds shall be
Treasurer and shall bear Interest from
But no such bonds shall be issued ex-
cspt in exchange for like amount OF
warrants evidencing the same. sxclu-
sive of interest.
The State Treasurer is hereby author.
lied and directed to exchange said
bonds for equal amounts Of warrants
presented for exchange by individual
lie school fund and other Investment
funds under his control issued In the
years above named, and =, the state AZ
OF the public school fund, and othef M
such election and desirou. Of voting
deposit n the ballot box : ticket
whereon shall be printed or writtsn.ths &
the words Against the amendment to
funding ths State indebtednsss.' and
shall indicate his approval or disap-
of the ss%s 6y sss
votes cast for the sdoption or the re- e.
canyasssd and the result determined
in the manner described by the laws OF
the State for the canvass of votes for
representatives in Congress.
Section 8. Upon ascertaining that
said amendment to the Constitution
state the state the
Attorney General. and the Secretary of
state shall meet together at the office
of the State Treasurer and organize
as a debt funding board by sleoting
one of its members president and an
member Of said board, or their success
sors in office shall take and subscribe
an oath OF office and file the same with
form required OF State officers. for
the faithful disehargs q the duties re-
by empowered to subpoena witnesses.
send for persons and papers. admins
% to the speedy ana proer proeer Afs is
charge of its duties. The Treasurer
and Auditor shall furnish the necessary
termined the amount which should be
paid upon each warrant II shall make
Of its findings and determination with
the Auditor of the State and the de-
be final.
Section 8. After the board herein
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 authorized to
issue the bonds OF the State of Colo
RADIO in accordance with the constttu-
tion as amended in sum not exceed
ing eight hundred and seventy three
thousand. four hundred and fifty seven
dollars and ninety-four cents (3s73,-
457.94) and to exchange said bonds or
SO many thereof as may be necessary,
at par. for the amount of the principal
and which are offered In exchange by
the legal holders thereof. and unpaid
on April LIST. 1909. upon surrender OF
said warrants for cancellation. The