La Junta tribune., 1908-10-10
cossrsrUrioxA,. AAExDnExr.

tHc sStAtc Oh NDlofa8D tu< question OF
smendihg tine Constitution OF said state
! The authority. Tor submitting such
question is found In Honse Biil No sss.
[ shics Is. IN words and figures. foiioS-
/ Ing. viz:
AN ACT
I To subrni, TO the Qualified Ei@ctors OF
t.I STATE Of Colorado an Amendment
= Section Three '5b OF Article Eleven
(X1y OF the Constitution OF the state
cr.ss q ss ina sona.a 20 70, 'ss sa
Behalf Of the state 10 the Anount OF
3s55ts1st for the Purt-' OF Funding
] All Outstanding Legal Warrant %
the state for and Prior to the Year
1885,. and To Provide for the Issue .nd
Payment of Said Bonds.
{ B.. IL Enacted by the General Assem-
bly, Of the state of Colorado.
Section !. There snaIi be submittrd 20
3 Colorado at th. neht general election
/ of nrulb,r- of the General Assemba Tor
amendment to N. Constitution OF the
state of Colorado which. when ratifieJ
by a majority OF ttto>. voting thereon.
fhali be valid part Of the couzIi-
{ tuition. to-~it.
! section Three f3) OF Article Eleven
] fSI, OF the Constitntlon Of the stat OF
Colorado shall be amended 30 rs to read
a. follows.
( Sec. }. The state shall not contract
provide for casuai deficiencies of rev
enue, erect public buildings for use Of
I a.. STATE, .nppfes, insufr.s, non. decd
: .I-f-udtnx the United Statcr; and tHs
..mo..nt OF debt contracted In any one
I year 10 prosiJs Tor dcficien.lcs of rev
+ eflgs. stall not exceed oDr-foUrtb of a
NIL! on zach dollar Of valuation of tax
able property within the state. and the
sSRr~sAt. amount Of such debt shall no.
any time exceed three fourth % a
saiIl ON each dollar OF >-sid valuation
uptii the valuation shall equal one nua-
dred n.silions Of aoiIars. and tAsreAtIrr
yurr u, Dr shall not exceed one haadf ell
thousand doilsr. aud the dsbt itscurrs4
in any one year FOR the erection Of pub
hc buildings. shall not exceed one is-slf
mill on each dollar of said valuation.
and the aggregate amount ~ such 1Fbt
st.-n never At Any time exceed tn. -tGi
Z OF fIfty thousand dollars. t-Scept
prn,id~d In section f4N. Of this arfisi.t
aud In all cases the valuation IN tutr
section mentioned small b- that OF lI-
a..esrmsnt last preceding tb< creation
Of ssIc debt
Provided that In addition to the
amount OF deDi that may Ice tncufrrd.
AZ above tn. stat. may contract. a
dsbI oy ioan for !ia1idstlns or redeem
iaE the principal on.y OF the warrants
issned b. the Auditor OF Stat. durins
1854 nnd Css5. said debt by loan to be
evidenced hy Registered coupon Inter
cot Funding bonds to an amount not eN-
rsedlns eight hundred aud scventy-
three thousand four hundred and iifiy-
seven dollars and ninety four cents
be ecs,ssfy to cancel tile State indebt-
sdness hsr.iu named such fundin
bonds shall be ,able al the optioh .!
the state any time after ten years rom
their dats. but shall be due aud paya-
bile ~itntn fifteen year, AFTER date -snd
shall he Of such denominations As the
state Treasurer may deem best Thr
bonds shah bear Interest at the rate OF
three per cent per ~nnun. interest pay
able s<nii-snnusily at the office Of tire
state Treasurer at some place IN the
city Of New York. Stat. Of New York
The principal Of said bonds shall be
pnyAbie at tn. Office OF the state
Treasurer. aud shah bear Interest from
April l. 1898
but no such bonds shall be issued .s-
cent In exchange for ike amount Of
Indebtedness and upon the surrender Of
warrants cNidenctEE III. same. eaei1-
sIys OF Interest
The State Treasurer 4. hereby author
lied and directed to exchange said
: pre~sn,ed FOR eschsng. by Individual
holder. or Of warrant. held by the puh-
funds under his control issued In the
years shove named, and the State
Treasurer shall register and keep tho
bonds Ia the name and Tor th- bsnsfit
/ OF tn. public school fnnd, and Other in-
( v--tm-n, funds under his con,rol
.uss, .p....,ion and aesiro1. OF S6,ins
for against the amendment. shall
deposit Ia tie ballo, box ticket
words. For the amendment To Sec
OF Article NJ OF The Constitution
The word. against tn. am-ndment. &c
Sec ] Of Article Nj Of the Constitution
funding THE State indebtedness, and
shall Indicate hi. approval or dl.ap-
provzi Of the same by placing cross
sNt onro.ii. one or the other of ,aia
.-ro,tp- of words an his ballot 1b..
ys:ss cast for the adoption or the re-
lection OF said amendment shall be
canNa.s-d and ,h. r~sui, determined
the state for the canvass III votes for
representatives in Congress.
Section ). tpen aseeritinigs that
said amendment To the Constitution
Has been adopted Tie Governor. lnr
state Auditor. thr State Treasurer the
Artorn.y General. and the Secretary OF
state shall meet together at the office
of tIe state Treasurer and Organize
a. a debt funding board by -ieeting
one of it's members president and an
other secretary of said board Zach
mbpr of said board, or their surCeS-
Z sors in nfre- shall take and subscribe
an oath OF office and iilc the same with
the Secretary Of state. 10 th~ ustis!
form required of State officcrs. for
the faitifui discharge of the dutles re-
auir-d by this Act. said board j. here
by empowered to subpoena witnesses.
send for persons and papers. admins
ter oath.. and perform all other Acts
necessary to the speedy aud 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-
paid upon each warrant. IL shall make
and file full and complete statement
OF its findings and determination with
the Auditor of the State. and the de-
cision OF a majority OF the board shall
be final
Section s., After the board herein
provided for has flied Its report and
NaaiaKs with the Auditor OF State .hs
Governor the Treasurer. and the S-cre-
tasy OF State are hereby authorized to
| issue the bonds of the State of Co!o-
rado in accordance with the constitute
tion a. amended In sum not exec ed
ing eight hundred and sercnty-three
hthousand. four hundred and fifty-sesen
dollars and ninety-four cents tss9s.-
$3.50 and to exchange said bonds or
so many thereof as may be necessary,
l ut pA-- for the amount OF the principal
due on any and all Of said warrants
and which offered In exchange
the ls~ai holders thereof. and unpaid
on April ist. 1908. upon surrender Of
I said warrants for cancellation. The
holders of any of the said warrants
may pay into the State Treasury any
difference less than one hundred dol
lars f91o0t each. necessary to nav for
j sha daIi,.srAd