La Junta tribune., 1908-10-03
ConsrlrUrsoNAs. AMsND~rNr.

..
wsiGh ls la words AMI rgurrs follow-
Ing. viz:
To submit TO the Qualified Electors OF
t-i STATE of Colorado an Amendment
= Section yhTc. tst % ArticIr EI.sscu
OF Colorado. and 10 Provide for th-
Creation OF Bonded Indebtedness "n
Behalf OF III. STATE 10 the amount OF
,Is13. for the I'nrpore al Funding
All Outstanding Legal warrants "i
the state for and Prior 20 ~. Year
1927. and 10 Provide Tor the issue aud
Psymen, OF Said BondS.
u. II Enacted by the ,i"nrrai Assem-
biy OF the stat. Of Colorado
Section l. There shall be Submitted to
the qualified electors Of the state "N
Colorado at the next general election
OF members of the General assembly for
their approval or rel-ation the fniiosibs
amendment To the Constitution OF th-
State Of Colorado. which. wien tniiTsei
thaii be valid ~ part Of th" t"nSti-
tuition. to-wit.
section Three f7) Of Artiri- Eleven
tNIy OF the Consultation of the Stit" of
Colorado shall be amended \" ar Z" fe9d
sec J. The state shall not contract
any debt Dy loan In any form. except 10
provide for casual def-ieuri-S 1i rev
euu-. erect public buildiDg- Tor use ot
the state. suppress iu-nrT"Ctt"f,. defend
me State. or IN tim" Of war. a--i-i ~.
defending the United states ont uir
amount OF debt contracted la any one
year TO provids Tor d.fici-ncies OF f.s-
snu., shall not exceed une-f"Ir'h Of a
mill each dollar of valuation Of iiiN-
able property within tb- SIat", and t'to
aggregate amount oI such a-bi shall NO,
any time exceed --fourtn OF a
MILL on each dollar Of said sHtnEt'oii.
untii the valuation shall equal on. nun
dred millions OF dollars. and thereafter
tucn debt shall not exceed one hnudi"l
thouH.ind dollars, aud the debt Incurred
In any one year for tic erection OF pun
Iic buildings shall not exceed one hs,if
mill on each dollar OF said valuation,
sha ana me nxk.ssn's n,o"ns sie rseesd tbe sum
OF fifty thousand doiIsrr. except sS
provided IN section nv. Of this artlci-l.
and In all cases the valuation in thi-
section mentioned shall b. that OF tfIr
assessment last preceding tile creation
OF said debt.
Provided that. In addition TO the
amount OF dcbt that may b- incurred,
AZ above. the state may contract.
debt by loan for iiauidating or r.dcsfn-
ing the principal on.y OF the warrants
issued by the Auditor ot statn dur.nS
Is9s and 1881. said debt by loan To b-
evidenced by registered coupon inter
est funding bonds to an amount not eN-
cssdins eight hundred aud seventy
three thousand four hundred and tItty-
s:ssn doiiar, ana ii, nhh,,s ,,.rso1 s,,',S
Ice necessary To cancel the state ind.bt-
.dness herein named. such fuhdtHS
bonds shall be paShbl. AT Tue optlyn %
th- State any time after t"n years tr"in
their date. but shall he due and pt}n,
ble within fifteen years after date. htii
shall be OF such denominations as the
Stat. Treasurer may deem best IbN
bonds shall hear Interest at the rate at
three per cent per anttun. Interest pay
able seml-annBaIly at this oitice OF th-
state Treasurer nr At some place ii ~"
The principal of said bonds shall be
payable at tie office of the state
Treasurer. and shall bear Interest rpin
hut no such bonds shall lie ISSUED es-
cept in exchange for like amount "t
Indebtedness and upon the surrender of
warrants cvidencing tue same. eNeiu-
-iys Of interest
The state Treasurer is hereby author.
lied and directed TO exchange slid
bonds for equal amounts OF warrants
presented for exchange by individual
holder. or of warrants held by the pub
lie school fund and other investment
funds under his control issued In the
Tressurer shall register and keep the
bonds In t,,e name and for the benefit
vsstment funds under his control.
iSsrtion :. Each eiector voting at
for or against the amendment. shall
deposit An the ballot box ticket
w6ssso" ss.l be printed .a.,, pr w,it,." e, ~. e..
Of Article xI OF the Constitution
funding III. state indebtedns.s and
Nee. Of Article NJ Of the Constitution
funding the state Indebtedness. aud
AilaIi Indicate his approval or disap-
provaI or the same by placing n cross
(N) onoosit~ one or the other OF said
ya,"s cast Tor the adoption or the re-
lection OF said amendment shati be
canvassed and the result determined
the State for the canvass of votes FOR
Representatives In Congress
Section t'pon aseertaininx that
has been adopted. the Governor. ~"
State Auditor. tn. state Treasurer. the
Attorney General and ti,- Secretary Of
STATE shall meet together at the pfiirs
OF the stat. Treasurer and organize
debt funding horrd by elr.tins
ou. OF it's members president AMI au-
other secretary of said board f.hch
member OF said board. or their succes-
81. fUHaII L.. =
an oath OF office and fii. the snme with
the Secretary of state. IN the m-nss
the faithful discharge of the duties re-
,giirea by this Act. Said board Is here
send FOR persons and papers. admini-
ter oaths. and perform all other Acts
necessary to the speedy and proper dis
charge OF its duties Tn. Treasurer
and Auditor shall furnish the necessary
clerical help required hy the beard
termined the amount which should be
paid upon each warrant. IL shall make
aud file full and complete statement
tho Auditor OF The state. and the de.
cision OF a majority OF the board shall
section g. After the board herein
provided for has filed It's report aud
Go~srnor the Treasurer. and the secre-
taFy OF state are hereby authorized TO
,ssne r.s the cnsp@ sSnas 81 ns Win s tn snns,isa
tion amended In sum not exceed
inE eight hundred and seventy three
thousand. four hundred and fifty-Seven
dollars and ninety-four cents t$ss;.-
45T.9tD and to exchange said bonds or
So many thereof as may b. necess"ry.
at pAs. for the amount OF the principal
due on any and all of said warrants.
and which are offered in exchange by
the legal holders thereof. and unpaid
on April lst 1909. 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 dot
lars t31co) each. necessary TO pay for
epectivcly.
The principal OF said bonds shnl1 he
due and payable In fifteen years from
their date. with the Opttnn of redemp-