The Elbert County tribune., 1910-10-28

warrants for the year iisss. asS.55s.s5
Warrants Tor the year 1889. 41s.2275a
for Tor the the year year
for for the the year 1891
All Of which warrants were duly pre-
Al the rate Of SIX per cent. per annum,
amounting ann intans., appToximately prinepal
the above indebtedness Is held in the
which. under the constitution Of the
state must forever remain inviolats
and intact, any loss thereof to be sup
And, whereas. yhe eas.' 1t further appear.
that all of said warrants were issued in
departments OF the state government.
the membsrs @ q ps' the s genera ana s a.sembly:
the per diem Of the Legislative clerks
srGos ana employees; the salaries Of the & g9v-
OF state. superintendents Of public in
struction. state auditors. treasurers Of
.ppointivs executive officer. and
smploys. Judges of the 81,
and district attorneys; the legislative
executive and judicial incidental and
eontinssnt expenses; and expenses in
and the maintenance of the state peni-
tsntiary. insane asylum. Industrial
and,
hands OF the state treasurer, Of the
revenues of the fiscal years aforesaid
wherewith to pay said warrants. or
edness should be funded at lower rate
of interest; therefore
to the qualified electors OF the state
Of Colorado, at the next general cleo
bly,, for their approval or rejection, the
following amendment to the Constitu-
tion of the state of Colorado. which.
voting thereon shall be valid as a part
of the Constitution. to-wit:
(XI) Of the Constitution Of the state Of
Colorado shall be amended SO as to
Section 8. The state shall not con-
tract any debt by loan in any form, ex-
cept to provide for casual deficiencies
the use of the state. suppress insurrec-
tion, defend the state, or. in time of
states: and the amount OF the debt con-
tracted In any one year to provide for
deficiencies Of revenue. shall not exceed
valuation of taxable property within
the state, and the aggregate amount of
such debt shall not at any time exceed
three-fourths of a mill on each dollar
of said valuation. until the valuation
lars, and thereafter such debt shall not
exceed one hundred thousand dollars,
and the debt incurred in any one year
for erection of public buildings shall
not exceed one-half mill on each dollar
of said valuations; and the aggregate
time exceed the sum of fifty thousand
dollars Except as provided in section
five Of this arttc,ie). and In all cases the
preceding the creation OF said debt.
amount of debt that may be
incurred. as above. the state may
eSnposs Of dass paying 2sn Se pfnepa 5Gr ia
and accrued interest of all the out
standing warrants issued by this state
1883. 1889 1888. 1894. and 1887; said
debt to be evidenced by registered cou-
An amount not exceeding sS,li5, 900 90,
or much thereof as may be necessary
to pay said warrants and interest
asaid funding bonds shall be
dated December 1st. 1910. shall be pay
RADIO at any time after ten years from
their date, shall be absolutely due and
ffy ,bs s BE- tbs atef
OF One Hundred Dollars OIoo.oo) each.
or any multiple thereof. The interest
nuaiiy at the rate OF three per cent.
per annum at the office of the state
Of said bonds shall be payable at the
office of the state treasurer.
"No such bonds shall be Issued except
at par and accrued interest, and upon
the contemporaneous surrender and
cancellation of a like amount of prin-
eipal and interest of said warrants.
said bonds to an amount equaling
the principal Of said spd sbs nov b ned
istered by the state auditor and state
treasurer in the name and for the bene-
and shall not be transferable.
"And all such bonds to an amount
n9vah1d now held in the school fund shall be
sold by the state treasurer at not less
than par and accrued ad interesh.: inta and n ths
fund, and distributed TO the several
counties and school districts OF the
state for school purposes. In the pro-
Ysw." YSTt"I0h' anu ..,' IN 'As '
election. and desirous of voting for o.
against said amendment. shall deposit
in the ballot box ticket whereon shall |
he printed or written the words: For |
the Amendment to Section OF Article |
XI of the Constitution. Funding the |
sAxeinst the Amendment to Section |
of Article xI Of the Constitution. Fund
ing. the state IndebtednedS,s, or d,so and shhil
placing a cross (X) opposite one or the |
other OF said groups OF words on his
The votes cast for the adoption or
rejection of said amendment shall be
the manner prescribed by the laws of
the state for the canvass OF votes for
representatives in congress
Section 4. Immediately upon ascer-
tanning that said amendment to the
Constitution has been adopted w the
people of the state, the governor, vtsf-
auditor. state treasurer. attorney gen.
sral and secretary of state shall meet
together at the office of the state treas
urer, and organize as debt-funding
board, by electing one Of Its members
president and another secretary OF said
board. Each member of said board. and
any of their successors In office. shall |