La Junta tribune., 1908-10-31
CoA,r,.U.,osAL AassDnssr.

J~ submitted to the IHHilti'H ttrttors %.
the state Of Colorado the question OF
amending th. Constitution Of said state.
The authority. Tor sabmtsiing such
question l. found in House 1914 >" 80.
whiel is. ia words and 'isTres. follow
ing. yix-=
TO Submit to the QHllIfied t.lectors Of
~ STATE ~ Colorado an Amendment
. Section yhree tGi "t Arurle Eleven
(SIJ Of the CBu~tltptlor of tie stEie
creation df . bonded Indebtedness DH
Behalf Of the state "a The AMOUNT %
ys51 1874 for tue urppss OF fund3nI
All Outstanding Legal Warrants Of
~. stat. tor aud Prior t1 The Year
1885. ard TO Provide fpr the issa" aud
Payment Of said Bonds.
Is. il Enacted by the General Assem-
big Of the state ~ Colorado
sertlsu ! 1ncrr sIIHii be Submitted 20
the qualified electors Of TIE Stat- ~
,i.,Igr,Jt. "a thr next general eler.IDn
Of fn-tubsrs OF THE G-1rrHt As-.tnbls for
tAcar approval Or Fes'gtiou thr iSii"'NIn7
atn-ndil ilIent to the Consultations of tl"
stat. OF Colorado Nht'h. ~hen Tatiiici
by a majority ui tED-e gptfns thercuus
snail b. vaitf a, part OF t"- S"ns"-
seton Three 10 Of Article Eleven
,SlJ OF the Constitution Of ilse stat. OF
Colorado sHaii be amended so rs 70 r"'d
SEQ The state shall not eontrHct
any d.bJ b. loan ia any iHltn, except 20
trISld. FOR casual dehcirnCIes Of rsv.
-uue erect puhllr butii!uss for H-s o,
the state sHpprrss iuSurrect"n- GtfeGd
ne NfA's t4ulr Vi " ~HStAk +iA
defending the lnit"G States ana tie
mount Of debt contracted Ia any one
year 90 prosids for dttIc'sn- les OF ret-
-nH.. shan not exceed one '-f0urth OF
lniil on aH-it dollar ~ yIIuatiou of tSr
sbl- property within the state, ahd tie
aggregate amount "t sIHh a.nN -hsA. Z"
- ANY time .y. cod three fourth Of
mill on each GvE.T u; aid valuation
until the valuation shall equal one nun
ursd ns,ilions ri d"ltArH. a"d thstsaitFt
rt,sf' ,is bE shall mol exceed one Haudi -
thousand doilAJ-. sud TIE debt lHcbff-4
Ia any one year Ior tli- cre'tiYn OF lEig.
lie buildings -isatI uot exceed one hdi'
mill on each dollar Of said valuation,
and rue as.rerAt- amount OF sGch debt
shali never At any htms eN'""i uie s"h
uyoyId.d ir section flEs Of tbGs sTtiri@f
and in all cases the valuation IN tbiF
ssg,ton mentioned snail -" ll,1t ~ .'
a.s-ssusHt last preceding thr creation
OF SAID debt.
amount OF debt that maN b- incurred
a.. .bov. ths state may contract. q
dsbt oy loan FOR i1VFtaatt ttus o. redteIu
INK tive priurtpAl Uu-y OF ne whFfAhtH.
Ia. years IsNT ISss 1883. 1922. 1ssa,
Iss< ami 1891. said debt BY load to he
evidenced 10y resistcfed coupon itt~f-
cot fGuIiuE bombs 10 Hu auf@ .aht not tN-
,~rdin. .i-ut hundred and seNent2
thre. thousand four hundred and Atls
seven dOliAfs sud ninety Tour Gems
CIs55.SI.sti or 80 much thereof as may
be Necessary TO cancel tue state indebl'
ednes hsr.ln named spcn funhinS
ihe state any tim" after teH years fr"tn
their date. bat shall be due aud ply--
Die "ilfnB ttH-e" yr"FS alter cate, -.
shAu he or suth denominations as TIE
Stat. Treasurer may deem best ne
bonds shall bear Interest At the rate ul
three ItsE tcut pei anUBuf interest pa -
ab!. semi annually At the office of tue
state Treasurer or al some place IN TIE
city o, New York. state Of New notS-
Tn. principal Of said bonds shall be-
payable at the u!tic. Of the sta
Jr-a~ur"T- aud shan bear Interest IRON
nlit 40 .uct. bonds ssaII be fssued sN-
cert In exchange fsr a ike au"ttht ".
Indebtedness aud upon the surrender u'
warrants ss4deu'IuE th" same, cNE44-
M, state treasurer is hereby author.
iEeG aud directed To exchange 80 ~
presented for exchange by fndtvtdusl
holders or OF Warrants held by the pan
lie school FUND ant other inS"stms5t
funds under ais control ISSUED IN Tue
years Aboy. named, and the stat
Treasurer snail register aHd keep tiis
eGhdh la tbe nam" snd f"f tlie heasiit
OF IN. public school tuui. aud other fu-
Nestulent funds under ms control
section Each eisrt"r voting a,
for or against TIE amendment. sslaii
deposit in the ballot box tie get
words For the amrudlpent 70 ssc
. OF ArticI~ NJ Of the Constitution
funding th. state igdet'trdness and
the words Against the ANS udmrUt -
Sec oE Article NJ NJ the Constitution
funding the stat. Indebtedness. aud
shsn indicate his approval or dlsap-
ISD ou'osits one or the other OF sata
r-rounS nf words On his ballot hF
lection OF said amendment shall he
canyaSsed and m. result determined
in the manner described hy the laws of
the State for the canvass of votes Tor
representative In Congress
Section ) Upon a~csrIainirg hat
aakd amendment TO tn. ConSttution
state Auditor. tttv State Treasurer. the
Attorney General. and abe Secretary of
State shall meet t"setN-r al the oiftce
or the stat. Treasurer snd organize
as debt funding board by eiecunS
one OF it, members president and an-
me ffth~r Of said board. or their success
pors in office shall tax. and subscribe
an oath of office aud file the same with
form required Of state officers. FOR
the faithful discharge of the duties re-
auir-d ny this Act Ssid board = here
by empowered to xubpoena witnesses.
send for persons and papers. adnliHis-
ter osths. and perform all other Acts
necessary TO the <ne-dy aud proper dis
charge Of Its duties. The Treasurer
and Auditor shall furnish the necessary
clerical help required i,y the board.
Section 4, when said board has ds-
termlned the amount which should ne
paid upon each warrant. IL shall make
and I'll. full and complete statement
of its findings and determination with
the Auditor OF the State and the de-
cision of majority OF the board shall
be final.
Section 8. After the board herein
provided for has filed its report and
f.niiaes with the AUDITOR OF state. t',a
Governor the Treasurer. and the Saere-
taey OF State are hereby authorized to
issue the bonds OF the State of Coio-
rads in areordanee with the eonstiti-
tion amended in a sum not excred-
ing eight hundred aud seVeuty-thFee
thon.and. four hundred and fifty-seNeu
dollars and ninety-fntgr certs fsS-3.-
$3.50 and to exchange said bonds or
many thereof as may be necessary
Ht par fer the amount of the principal
due on any and all OF said warrants
and which are offered in exchange by
the lsxal holders thereof, and uupaid
said warrants for cancellation The
holders Of any ef the said warrants
may pay into the State Treasury any
difference less than one hundred dol
lars tSieal each. necessary to pay FOR