La Junta tribune., 1908-10-17

the state Of Colorado the su~stion Of
rhs sainos.,y Tor suDsaissinx such
suess!o0 is FOUND In House MIL 80 fe5.
which 10. In words and figurss. follow
~ va" AN ACT
To submit to the Qualified Electors OF
~ STATE Of Colorado sn Amendment
Ssestos Th.ss O., q Ars.ci, L!.... @
Creation OF Bondsd InIsbs~dn-.. on
ss.sss.s. fsi. 2. ts lor @ IL: farpe 1 @ u Esaiins
All Outstanding Legal WHrrSn'- OF
the State for and prior Ia the Year
1897 and 10 Provide for th~ is-us and
Payment OF Said Bonds.
Ne IL Enacted by The Gensral Asssrn-
bly, OF the STATE OF coi"rssn:
Section !. There sta u be ~Ibfbitis ~ to
the qualified electors Of the siSt~ of
Colorado st the next gessrsi .el"''tion
u ,a-i..ber, Of the s'-tsrni -Ass-h. .il te"
amendment TO the conrti.utio:s tne
HtAGs OF Colorado. which when rsti. ed
by majority Of those voting sh-r-.tt
tuition. to-pus
section Three ~ OF Article Eleven
CAD Of the Constitution OF the state OF
Colorado shall Gs amended SO - 10 rad
See. ). The state shall not contract
any debt BY ios Ia sny form, e1sspt 10
pro, ids for casual dsn.ienctes OF rev.
euue erect public buiIdinKs FOR ose o!
toe state. suppress insurrecstou. d.fetd
defending the United states. and TIE
mount of debt contracted ia any one
year to proN,Js tor d,flc,snst~s 81 Is'
mill on each dollar Of valuation Of tAN-
able property Within the state. ana ths
skkr-gat. amount of such debt stial no.
"a any time exceed ihr.--fourtl OF
mill on each dollar Of said NaihAt-on
until the sfusttuH shall equal otte nun
dred H. silions of dollars. and tBrTrai ter
,ucr ii, BIT sh.ii not exceed one hnndl ei
thousand dollars. and tue d~bt inrufi -
IN any one year for the erection OF piD-
Iic LUildInEs, .ltgii not exceed on"-l'A
mill on each dollar OF said valuation.
and the aggregate amount OF such drbt
shall never at amy time rNcs~d thv Sbiu
Of fifty thousand dollars, teNr.pt ~
provided iri -@stio ftNe OF this article T.
and in ali cases the valuation Ia th'.
ssS1.va mentioned snati De ttiat oi me
..s~ssm~nt last preceding The creation
of said debt
Provided. that. Ia addition TO IN.
amount of debt that may be incurred.
dsbi oy loan Tor finu!d,tinE or reteem-
ing the principal oH.t OF the waTtsnts
The year. 1885, Isss isss. lss-. 1883
1884 and Iss. said debt by loan TO be
evidenced by Registered COUPON inter
est funding bopd- TO an amount not eS-
cseding eight hundred and .eVeuty-
three thousand -four hundred and tittN
seven doltsrs aud ninety-touf rehts
tSg.l4s..s4t or 30 much thereof a. may
lie nsces.sry to cancel the state indebt-
sdnsss hsrsiu named such funding
bonds shall lie p.k able At ths oplion ..
their date but sbslI be due and p1ya-
bile ~itnin fifteen years alter date. snd
shall he of ,nch denominations ~ ths
STATE Treasurer may deem best The
bonds shall bear interest at the rate oI
three per cent pes ~nnain. interest pay
able s<mi-.ntIu.lIy at the offics OF me
state Treasurer or 81 some place ~ tue
CITY Of New York. State Of New YORK
The principal Of sid bonds shSl DC
payable at the office OF the state
treasure and shall bear Interest from
nut no .nch bonds shall be issued es-
cent In es.hsnE. for like amount OF
indsbt sdness and upon tn. SURRENDER OF
warrants -vid-ncing the same. eaelu-
siys OF interest
The STATE Treasurer 1. hereby author
lied and directed to exchange said
bonds for equal amounts OF .arrlnts
presented Tor exchange by individual
holder. Or Of warrants held by the pui,-
lie school fund and other Investment
fpnds under hi- control issued IN The
Treasurer shall register aud krep the
bonds Ia the name and for the benefit
OF tn. public .eieei fund, and rfnsrs.iu-
ve-tn.nt funds under his conf oil
section !. Each ei-rtor Voting at
such election and DESTROYS OF voting
for or against tb~ amendment. shall
wh-r~ou shall be printed sT written the
words For the amendment 20 Sec
fun,iInx In. Stat. indetedne-..~ and
the words Against the sme ndment ts
Bee. : OF Article NJ Of the tonstitulon
funding the State indebtsdnsss. and
AhaIi Indicate his approval OF disap-
prossI OF the same by placing cross
txJ onnosi,~ on. or th- other OF said
vstss cast for the adoption or the re-
l-ction of said amendment shsli be
csnvsss-d and the result determined
In the manner described by the avs OF
the state for the canvass of votes Tor
representative in Congress
section !. Upon a-c-rtainins that
la. been adopted the Governor. tbe
state Auditor. the State Treasurer. the
Attorney General. and the secretary OF
Sistc shall meet tog~tli-t at the OFFICE
of the state Treasurer and organize
as . debt funding board by electing
one of its members pr~sirent ana an
other secretary af said board Each
member of said board or their .uceoS-
,"rr in office shsiI TAX. sud suhscrtbe
an ".ih 81 office and I'VE NE same Win
form required NJ state officers for
the faithful discharge Of the duties re-
qnired ny this Act said board il here
By empowered to subpoena Witnesses
send for persons and afer.. sdminis-
ter oaths, and perform all other Acts
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-
termiued the amount which should he
paid upon each warrant. u shall make
and file full and complete statement
of its findings and determination with
the Auditor of tho State and the do
cision of . majority of tie board shaft
bs final
section S. After the board herein
provided for has filed Its report and
M aiags with the Auditor OF State siss
Governor. the Treasurer. and tho Secrs-
tsPy OF State are hereby authorized to
issue the bonds of the State of Colo
radv In Aceordance with the eonstitu-
tion amended In sum not exceed-
Ing eight hundred and seventy three
thousand. four hundred and fifty seven
dollars and ninetyfour cents lfssS,-
$3.50 and to exchange said bonds or
so many thereof may be necessary.
at par for the amount of the principal
due On any and all of said warrants.
the legal holders thereof and unpaid
on April lst: 1898. upon snrrender Of
holders OF any Of the said warrants
may pay into the state Treasury any
difference less than one hundred dol
IN. hcras - d>Iix.r.a - ,hs.