The Idaho Springs siftings-news., 1908-10-24
coNsrlrrrloxAL AMENDMENT

amending the Constitution of said STATE
The authority for submitting such
question is found in House Bill No 49,
inca: -. IN words aad figures. follow
Ing. Niz:
TO submit to the Qualified Electors OF
the State of Colorado Amendment
to Section Three 80 of Article Eleven
tNIJ of the Cons titution Of the state
OF Colorado; and to Provide for the
Creation of a bonded Indebtedness Or
Behalf OF the state to the Amount Of
ss4%.io1.3i for the Purpose Of Funding
All Outstanding Legal Warrants of
the State for and Prior TO the Year
1897. and to Provide for the Issue and
Payment OF said Bonds.
BE ii Enacted by tae General Assem-
biS OF the state Of Colorado.
section J. There sail be submitted to
the quaIifled electors Of the State of
colorado at the next general election
II members of the G'uerSi assembly foI
IleiF ppruvai or reIe -tIoE the folio win
amendment to the Constitution OF Tine
STATE If Colorado Ws=Ieh when ratifie
- majority Of tHsse voting thereon
~hall he valid as d part Of the Constl-
Section Three 81 ef Article Eleven
t%l4 VI tho Constitution vi the St1te g.
tol"rad" shall he amended 80 as 70 reuo
So. ; The STATE shall not cogtrae-
any debt by loan tn any form. except r.
provide FOR casual tsEcfeHcIes OF re-
#uur. erect public irliidingS Tor nsse
'e stale. suppress l-tfIrrectinH. defer F
-ae state, OF, ln uiGe o. waF. assist ! D
mount Of dcbt consras ted in any on
year 10 provide for Deficiencies Of re.
sHur. suuli unt exceed one-iourth OF d
ft-il on taru dollar OF valuation OF taN-
able property within the State. aud tac
.gGIe-sate amount Of such debt shall no
.t any time exceed tHT"e-toUrtn of 81
mill on DLta dollar Of said galuatiol -
.EutIi The valuation shall equal one nun
Itea H,sgliouS OF dollars. and tnereaft@l
-gcd dtbt shall not exceed Que hundre1
.aoHsI nd dollars, and tne debt INQUIRE
.1 ultE one year for the erection OF pG5-
Hl buildings. snail not exceed one halt
mia Un each dollar of said valuation
tnd tiIr aggregate amount OF such debt
-usIt never AT any time exceed the sum
ftty thousand doIlars. except a
r-.sl lu section fIE. Of this article
and IN all cases the valuation in TIM
,.oI. mentioned s5all be that OF the
..--.-.i iuent last preceding the creation
yf said debt.
Frepided. that in addition to the
H:nonHt OF debt thal may he incurred,
As ahpve, The State may contract. a
lehf hs loan FOR li4.fdatins or redeem
uS u'e prinIlp lpal ouly OF the warrants
issued by tire Auditor OF state during
i>r4 and 1871 sad debt by loan to be
-ytdeH-ei ny registered coupon inter
est fuudtug bonds to an amount not ex-
r'sdtul ciEht hundred and seventy
tt,r.e tuussand four uuudted and fifty-
seven dollars and ninety four cents
e.. .lS.471-Hfb 81 80 mach tI9reof as ma
t.r mes gHSa.y TO caurel the state indebt-
r1nez5 herein named Such lunhlhS
I1u1s -r1I be payable at the option o.
Il.- S-ute any time after ton years from
their ute, but shall be due ana pd$a-
.i- HItuln fifteen years after date. and
<aaIl "a. OF such denominations as the
1late Treasurer may deem best. Tn
H.uds shan hc4r interest 1T the rate OF
turur per cent per aUuun. interest pay
BE semi -auHFHlly 1t thr oltlce of tfs
CttY Of New York, state OF New York
Iue princtpaI of said bonds shall be
payable al the ufficc OF III" state
lIeazurer aud shall bear interest from
Bnt no such bonds shall be issued ex-
cent in exchange for a Ike amount o.
Indebtedness and upon the sure ndcr OF
warrants .NIdenclnE ta" same, eXcih-
slNs OF Interest
The state Treasurer is hereby author
i2..l and directed to exchange said
bonds for equal amounts of warrants
.. '-lltCI for exchange by individual
lalier- mr. OF warrants held BY the pub
lie school fund aud other Investment
funds sHder his control issued in the
years above named. and the Stat
treasurer shall register and keep the
bonds in the name aud for The benef II
of The public school fund. and other ia
vestmsnt funds under hts control
Section = Each elector voting At
such election and d.slrous Of voting
for against the amendment @hali
deposit in the ballot box ticket
words For the amendment to see
3 Of Artiol. XI Of the Constitution
funding the state indent"dncss, and
The words Against thc atnC ndmrut to
sser. OF Article NJ af tbr Constitution
funding The state Indebtedness. ana
shall Indicate his approval oT dIEF 70
X oprosite one Or ttc other pf -ali
'r'4fpS al words an his ballot Tn
votes cast for the adoption ar ~. re-
'=jlon. al said atti-iadHh"li sh F@
-anVHsscd and the result determined
in tie manner described hr tic laws Of
,hc state for the calgass OF votes Tor
Ie'ts,'sentatty"s in tonsrcsS.
section t'pou ascert.tining hat
aid amendment t. the Constitution
aas treu adopted 41e .ipVerHur r
..Jate Auditor. the 5-tte Treasurer, tIse
Attorney General. 1s-=l tEC SeHIctHlry y
STATE shall meet tos setlier Ak the Office.
H. - debt funding no trl by eitHti =
one of its members president and an
otter secretary of said board Each
=. uaher of said board. or their success
suIs In office shall take ana s1hsari pe
au oath OF office ann file the same with
the Senr' tatY Of state IN Tho HEta5
form required uf state officers ;or
the faithtul discharge Of the duties re-
ogieed bN this Act said board Is lHse-
by empowered t" .IhpoeuI witnesses
send Tar persons and papers adTliris
ter uaths, and perform all other \ is
necessary to the speedy aud proper dts
charge of its duties The Treasurer
and Auitor shall furnish the necessary
clerical hclr required By the BOARD
Section 4 When said board has de-
termtncd thu amount which should he
paid upon each warrant. ii shall make
and Gle IL full and complete state me 1t
Of lis findings ana determination with
tee AHatlrr q! the Sttal"r duu tllt IA
cisj1n Of a majority of the board shall
be finbl
section =. After the board herein
provided for has filed its report and
findings with the Auditor OF stat" the
Governor the Treasurer. and the score
tarS ot stat" are hereby AUTHORIZE to
issue the bonds of the state of cotn-
rado in accordance with the constitU-
tipn as amended in sum not exree5!-
ing eight hundred and seventy three
tHoISHnd four hundred and fiftY-Seven
dollars and ninety-four rer'% tS~T-i.-
ig,r"iA aud to exchange said bonds or
50 many thereof as may be necessaF Fy
AT par. for the amount nt the prinrtpI.
due on any and all of said warrants
and which are offered in exchange by
the legal holders thereof. and unpaid
on April LIST. 1903. npan surrender of
sttti warrants for cancellation The
holders OF any Of the said warrants
may pay into the State Treasury any
difference less than one liuudTvd dol
lars $500 each, necessary to pay for
Tho honds so Delivered to them re-