The Julesburg grit-advocate., 1908-10-16
CsNsrlrUr,oxAL AMENDMENT.

COSSTlTUTlONAL AMENDMENT.
Notice is HEREBY given tnat At Il.
general election to be held on the thi.s
day Of November. A. D. 1905. there viii
the State of Colorado the question OF
amending the Constitution OF said State
Tsa tsuna n GoT HsS. H e. 'Ssh ss
Ing. viz:
AN ACT
To Submit to the Qualified Electors OF
the State of Colorado an Amendment
to Section Three (3) of Article Eleven
(xll Of he Constitution Of the State
of Colorado: and to Provide for the
Behalf Of the State to the Amount OF
tSI3.t57.s4 for the Purpose Of Funding
AZ Sutstanding Legal warrants Of
Payment Of said Bonda
Be II Enacted by the General Asssm-
bly, Of the State of Colorado,
Section !. There shall be submitted to
the qualified electors Of the state of
Colorado at the next general election
Of members of the General Assembly for
amendment to the Constitution of the
State of Colorado which. when ratified
by majority of those voting thereon.
snail. snail be valid as part Of the Consti-
Section Three 90 OF Article Elsvsa
as follows:
Sec. J.. The State shall not contract
any debt by loan In any form. except to
enue. erect public buildings for use of
the State. suppress insurrection. defend
the state, or. In time Of war. assist In
defending the United States; and the
amount OF debt contracted in any one
year to provide for deficiencies Of rev
enue. shall not exceed ne-fourth Of .
mill on each dollar of valuation of tax
able property within the State. and the
aggregate amount OF such debt shall not
at any time exceed three-fourths Of .
mill on each dollar of said valuation.
until the valuation shall equal one hun
,drsd millions of dollars. and thereafter
thousand dollars. and the debt incurred
IN any one year for the erection of pub.
lie buildings. shall not exceed one-half
mill on each dollar Of said valuation;
shall never at any time exceed the sum
yof fifty thousand dollars. Except as
4and in all cases the valuation in this
section mentioned shall be that Of the
:assessment last preceding the creation
Provided. that. in addition to ths
amount of debt that may be incurred.
las above. the state may contract .
ing the principal only OF the warrants
the years 1887. 1888. 1889. 1892. 1898.
lest funding bonds to an amount not ex-
seeding eight hundred and seventy
,eeysn dollars and ninety-four cents
,l9s73.467.0D or SO much thereof as may
be nscessary to cance! the State indebt-
edness herein named. Such funding
bonds shall be payable at the option Of
the State any time after ten years from
their date but shall be due and paya:
ble within fifteen years after date. and
shall be Of such denominations as the
state treasurer may deem best. The
bonds shall bear interest at the rate OF
three per cent pcr annum. interest pay
able ssml-annually at the office Of the
state Treasurer or at some place IN the
&,ntsy Of o,Sw. New York @ state & Of Ney York: /.
payable At the office of the State
Treasurer I,; sos and shall bear interest from
But no such bonds shall be issued ex-
cspt In exchange for q like amount of
indebtedness and upon the surrender Of
warrants evidencing the same. sxclu-
The State Treasurer il hereby author:
lied and directed to exchange said
bonds for equal amounts Of warrants
holders or Of warrants held BY the pub
Ito school fund and other Investment
funds funds under und.. hi. control issued in the
Treasurer shall register and keep the
bonds in the name and for the benefit
Of the public school fund; and other m
such election and desirous Of voting
as'nss tt. the Saos soH tiaK.
whereon shall be printed or written the
words: For the amendment to Sec.
undnx od Arfs tss s.. M of The oG
the words Against the amendment to
Sec. 3 Of Article xI Of the Constitution
.ha es sass IA. Of asap and
6ns or y III! oheF Of ssd
esps cast 81 fc9 weFf saopoRR si j. the Tse
nvas.ea ana saia .ss resa aetsGrmned es
R!tas name, M ,s deserved & II S{ y tts E iaxs :: ::
:rsPreseniatIves In aonsfess. ~ ''f
..s si'2R Upon ss thas
has been adopted. the Governor. the
Attorney General. and tho Secretary of
State shall meet together at the office
Of the. state Treasurer and organize
one of its members president and an
other secretary Of, Of said board. ,p Each
sors in office shall take and subscribe
an oath Of office and file the same with
the Secretary Of State. in the usual
form required Of State Of @sfficers. for
CURED by this Act. Said board is here
by empowered to subpoena witnesses.
send for persons and papers. admins
necessary to the speedy and proper dis
charge of its duties. The Treasurer
and Auditor shall furnish the necessary
clerical help required by the board.
Section 4. When said board has de-
termined the amount which should be
paid upon each warrant. 1t shall make
and file full and complete statement
Of its findings and determination with
the Auditor of the State. and tho de-
cision Of majority of the board shall
be final.
Section 5. 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 constitu-
| ton as amended in n sum not exceed
| ing eight hundred and seventy-three
thousand. four hundred and fiftyseven
| dollars and ninetyfour cents ($S73.-
| 4579) and to exchange said bonds or
| SO many thereof as may be necessary,
at par. for the amount of the principal
| due on any and all of said warrapts
and which are offered in exchange by