The Idaho Springs siftings-news., 1908-10-10
CONSTITUTIONAL AMENDMENT


the State Of Colorado the question of
amending ne Constitution OF said State
question L. found in House BIZ No 435
yThioE IL. IN words and figures. follow
ing. viz:
AN ACT
To submit to the Qualified Electors of
the State OF Colorado an Amendment
to Section Three 49, OF Article Eleven
tNIj of the Constitution OF the state
OF Colorado. aud to Provide Tor the
Creation OF a Bonded Indebtedness on
Behalf Of the STATE to the Amount Of
$S73.4J79+ for the Purpose of Funding
All Outstanding Legal warrants OF
the state for and PRIOR to the Year
1927. and TO Provide for the Issue and
Payment OF said Bonds.
Bs it Enacted by the General Assem-
bly, u the state OF Colorado:
Section / There stall be submitted to
the qualified electors OF the state of
Colorado at the next general election
of members or the G, neal Assembly for
cir approval or .tlou the following
amendment to the Constitution Of the
State Of Colorado. which when ratified
by Il majority OF those voting thereon.
shdll be valid as part OF the Const-
section Three C3) Of Article Eleven
HlJ Of the Constitution Of tie state OF
Colorado snail he amended SO as to read
sec. 3 The State shall not eon,rac,
any debt by loan in any form. except to
"nue erect public bllidings for use of
me state, suppress Instruction defend
ne state, IN tlIn, 11 war. assist In
offending the United States. and the
d mount OF debt contracted in any one
year to provide for Deficiencies OF rev
-uue stall not exceed one fourth OF q
m!ll on each dollar Of valuation uf tax
BILE property within the state, and the
d asgseEate amount OF sucn debt shal! not
al any une exceed tnree-fourtn OF a
mill on each dollar OF said valuation.
unttl the valuation shall equal one nun
at.d H. tlions Of dollars, and thereafter
-ucr debt shall not exceed on" hundred
tGous..u nd dollars. and the debt incurred
IN any one year for the erection Of pub
-" buildings, shall not exceed one half
m!li on each dollar Of said valua tion.
.,ad the aggregate amount of sucn debt
sIalt never at any time exceed the sum
~ ftny thousand dollars except as
and in all cases the valuation in this
a.crIou mentioned snNI be that OF the
"ssessm-nt last preceding the creation
Of sand debt.
Provided that. In addition to the
amount ol debt that may be incurred.
debt BY loan Tor liauidating or redeem
Ing the principal only OF the warrants
issued by the Auditor OF state during
tue years 1887 lsss. 1883. 1892. 1888,
lsst and s97 said debt by loan to be
evidenced by registered coupon inter-
est fuuding bonds to an amount not ex-
C..dlnR eight hundred and seventy
three thousand four bundled and fifty-
seven dollars and ninety -Gour cents
be necessary to cancel the State indebt-
edness herein named. Such funding
bonds shall he payable at the option OF
lh.- State any time after ten years from
their dats but shall be due ana p5ya-
Die nltnIu fifteen years after date, and
shali be OF such combinations as the
STATE Treasurer may deem best. The
bonds shall bear Interest at the rate of
three per cent per annun interest pay
:, BILE semi annually at the office OF the
STATE Treasurer or at some place in the
CITY Of New York, State OF New York.
The principal Of said bonds snail be
I1.. nd a H.ez int. rest
April 1903.
But no such bonds shall b. issued ex-
c-ot in exchange for like amount Of
warrants evidencinE the same. exclu-
slve OF interest.
The state Treasurer is hereby author
lied and directed to exchange said
bonds for equal amounts of warrants
presented for exchange BY individual
lie school fund and other inEestfnent
funds under his control issued in the
Years above ma med; and the state
bonds In the name and for the heneftt
II the public school fund, and other in
~stmrnt funds under his control"
Section 2 Each elector voting at
-uCh election and desirous Of voting
FOR or agains, the amendment. shall
whereon shall be printed or written the
words For the amendment TO Sec
; Of Article II of the Constitution
he words Against II. ame nd,nent to
Icc OF Article XI nf The Constitution
fundinE the State tpde htedn-ss, and
shall indicate his approval OF disa D
proral Of the same by placing cross
X ernosite one or the other OF said
""nns OF word. on hi ballot TAs
votes cast for the adoption or Ihc r,.-
l.,tIuu Of said amendment shasl lie
r5,nNassed and the result ,t.tcrInin,d d
IN the manner described by IL. laws oil
ne STATE for the canvass Of VOTES for
representatives in Congress
Section 3. Upon ascertainine that
.#tid amendment 10 IN" Constitution
state Auditor. the StIte Treasurer. the
Attorney General ana .h' S. rotary OF
state shall meet t"Te' her Al the offic-
Is debt funding board by electing
on" nf its members president and am
other secretary Of said board Each
member of said board. or their sIoces-
s"rs ia office shall TAX. and suits rIbe
m oath ~ office and file the same with
the Secretary OF state in the usuai
form required of state officers for
the taithfui discharge of the DUTIES re
quirel hy this Act. said board l. here
send for persons and papers, admins
ter oaths. and perform all other Acts
necessary To the speedy and proper dis
charge OF It's duties. The Treasurer
and Auditor snail furnish the necessary
clcriea help required by the board
section I. When said board has de
tcrmiu"d the amount which should be
paid upon Zach warrant. it shall make
and file Il fun and complete statement
of its findings and determination with
the Auditor OF the state. and the de-
cisi"ll Of majority Of the board shall
be final.
S.cttun >. After the board herein
provided for has filed its report and
findings with the Auditor of STATE the
Governor. the Treasurer. and the Score
tary o. state are hereby authorized to
issue the bonds of the State of Colo
rado in accordance with the cUustitlt-
tIon as amended in sum not exceed
ing eight hundred and SsVrnfN three
Thousand, four hundred and f!ftN-s-veu
dollars and ninety-fuur cer+s tSN73--
411-94) and to exchange said bonds or
50 many thereof as may b" necessary
at par for the amount of The principal
du" ON any and all nf said warrants
and which are offered in exchange by
the legal holders thereof. and unpaid
on April LIST. 1903. upon surrender of
said warrants for cancellation. The
-. IT,. .nt