The new era., 1910-10-13
CONSTITUTIONAL AMENDMENT.

The authority for subFn ting suCH
Of the Seventeenth General Assembly
which Is. in words and figures, follow
Ing, VIZ:
70 HLEcToRs STFoFH GP oP THE The 9TAS STATE 5P 5
COLORADO AN AMENDMEHTT, ~, ~ TO {,
EEGTl1S EVEN 9XP GBEG 81 81 TAE G coasTHTt ANH4iTt
RADIO. TO PRoy5pES, S,,iF FqR }En,1lrs TIE
ERNHss sTSTM TO On An bHMahNEr AMouNr Se BOT ls Is:
GEEPdNG E4EPR INB TWo r,ETkES MFkEi9ST STuoGs1 1NE
POSE OF FUND1MG ouTsTANDINNGG IT. Z Z NG
" WARRANTS aHTp, OF o THE IE sTThl TssTl AS ASD
PAYMENT OF SAID BONDS.
Be 1t Enacted by the General Assembly
of the State of Colorado:
Section l. WHEREAS, 1t appears
from the register of warrants In the Of
fioe of the state auditor and of the
state treasurer that warrants or tne
Ing and prior to the year 1897 for the
aggregate sum of Eight Hundred ana
sevsnty,three Thousand and seventy seventy
0873.071S4). and are still outstanding
and unpaid. as follows: 49,
Warrants for the year 1887
warrants ST for the year 1855. 277,555.65
Warrants for the year 1889. 41S,227,5d
Warrants for the year 1898. 5,932.35
Warrants for the year 1894. 32.3l6.l3
Warrants for the year 1897. 2.49o.9s
All of which warrants were duly pre-
sented for payment, and bear interest,"
and interest, on November SOth, 1910, to
the sum of S2,114,762.96;
And, Whereas, the major portion OF
the above indebtedness is held in the
state school fund as an investment,
which. under the constitution of the
and intact, any loss thereof to be sup
piled by the state;
that all of said warrants We're issued In
payment of the ordinary expenses OF
the legislative, executive and Judicial
departments of the. state government.
including the per diem and mileage OF
the members of the general assembly;
the per diem of the legislative clerks
and employees: the salaries of the gov
Of state, superintendents of public in.
s.raetion state auditors, trsasarers and cd
appointive executive officers and
preme, district and criminal courts,
executive and judicial incidental and
contingent expenses, and expenses IN
and the maintenance of the state penl1,
tsntiary. insane asylum. industrial
school, reformatory agricultural col
lege and soldiers and sailors home;
and,
Whereas. no moneys are now In the
hands of the state treasurer. of the
wherewith to pay said warrants, or
any of them; and al the said e,,;a indeot est T.
of interest: therefore
section 2. There shall be submitted
to the qualified electors of the state
of Colorado, at the next general cleo
tion of members of the General Assem-
bly,, for their approval or rejection, the
following amendment to the Constitu-
when ratified by a majority OF those
voting thereon, shall be valid as part
of the Consultation, to.wit:
(XI) of the Constitution of the State of
Colorado shall be amended SO as to
Section g. 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 insured.
tion, defend the state, or. in time of
war. assist in defending the United
States: and the amount of the debt con-
tracted In any one year to provide for
deficiencies of revenue, shall not exceed
one-fourth of mill on each dollar Of
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 n each dollar tiaI
shall equal one hundred millions of dol
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
amount of such debt shall never at any
time exceed the sum of fifty thousand
dollars (except as provided In section
five of this artlcle). and in all cases the the
valuation in this section mentioned
shall be that of the assessment last
Ial hot in
amount Of debt that may be
Incurred. as above, the state may
eontrsst debt nax,n9 by t5an t6e pfncipn feT the
standing warrants issued by. this state
dsng ssg gd sss Scr ths and 1857 ss sad
debt to be evidenced by registered cou-
pom interest bearing funding bonds to
or so much thereof as may be necessary
to pay said warrants and interest
thereon. ,,u s,au he
dated December 1st, 1910. shall be pay
able at the option of the State of Colo
rado at any time after zen years d1a ifu,d and
payable fifty (50) years after their
date, and shall be of the Reorganization M
Of One Hundred Dollars (SI9o;oq1 eaen; ,
on said bonds shall be payable semi-an-
nualIy at the rate of three per cent.
per annum at the office of the state 1tt,
of New York. U. S. A., and the principal
of said bonds shall be payable at the
office of the state treasurer. ,,t
at par and accrued interest, and upon
the contemporaneous e surrenderr er sin ana
sinai and interest of said warrants.
"said bonds to an amount equallng
the principal of said warrants nov bs rer help
istered by the state auditor and state
tTsasurer in the name and for the bene-
1T of and payable only to the salo luho'
snd shall not be transferable.
"And all such bonds to an amount
.ouaiing the interest on said warrants
sarv held in the school fund shall be
ma NJ hv the state treasurer at not less
tban par and accrued interest: and the
proceeds thereof paid into the school