The daily sentinel. [volume] (Grand Junction, Colo.) 1893-current, 1910-10-03

Warrants lot the year lsss- 2tI55o.6J
W srrants t f ne year isss. 4Is2S1 3
y WvaIran,s sor me year iS5S 9'd6a90
Marrahts tor me year ls93. 59325S
NM,arrants tor the year 1929 S2'5l 6.l@
warrants Tor the year 1897, 24g5.9A
-------
t11'a. .t,-,...,, 10. ......-tSHf5, Oil-hl
~ OF Nhlch warrants were duly pre-
sehteu LOT payment. and bear interest
az tne rave OF SIN per cent. per annum,
amounting approximation, principal
NM NM interest on November 5Oth, 1910, to
'he sum 81 SIT ~ oZ-96:
,HIul N"grtas' me major portion OF
ne 'p"Nt Indebtedness Is held IN the
star sen9oI iunu as an Investment
staic' umuy tmc constitution OF the
ga must forever remain inVlolate
~ ~ mae, any l"sS thereot TO be sup
P'i,u pE me state
,t,a, 'a a., M,hsrt3s, II further appears
tnal M OF sara warrants were issued in
payment OF the ordinary expenses of
me l,ElslaliF', executive and judicial
uIep. tiiilntnts "l the state government,
me lr'WE"rs Of tie general assembly.
lhe pr Hl'W vi the legislative clerks
tFhois: Htlurngy generals, secretaries
OF slef", SuperlrteudCrts nf public in
stru alloH. l-Gtc Gualtors, tFCasurers OF
state, and other elective and
appointlve executive officers and
employees, Judges OF the SUI
preme, district and criminal courts,
and district attorneys; the legislative.
executive and judicial Incidental and
contingent expenses: and expenses in
CURED for the erection Of buildings
and the maintenance of the state peni-
tertiary, insane asylum Industrial
school, refurmatury. agricultural col
legC and soldiers and sailors home:
and
Whereas, no moneys are now In the
hands of the state treasurer. Of the
revenues OF the fiscal years aforesaid.
wherewith TO pay said warrants. or
any Of them: and all the said indebt-
edness should be funded at a lower rate
OF interest; therefore
Section ?; 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-
6lE for their approval or rejection. the
lion Of Inc STATE Of Colorado which,
whom ratified by majority of those
Of the Constitution, to-wIt:
section Three 80 of Article Eleven
lNl of the Constitution OF the state OF
r9l9ra az r, Tnel, be amended so as to
Sec tiuu 3. The state shall not con
tract any debt by loan In any form. eX-
cept to provide for casual deficiencies
Of revenue, erect public buildings for
the use Of the state. suppress insurrec-
ton, 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 a 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
threeSfourths OF mill on each dollar
OF said valuation, until the valuation
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
Tor erection of public buildings shall
not exceed one-half mill on each dollar
OF said valuation; and the aggregate
amount or such debt shall never at any
time exceed the sum of fifty thousand
dollars (eNcept as provided in section
I'VE OF tnls art.Gie)' and IN all cases the
shall be that OF the assessment last
preceding the creation Of said debt.
Provided: that in addition to the
amount of debt that may be
incurred. above, the state may
contract debt by loan for the
and accrued interest OF all the out
standing warrants Issued by this state
during and for the years, 1887, 1858.
1883, 1892 1898, 1891, and 1891; said
debt to be evidenced by registered cou-
pom interest bearing funding bonds to
an amount not exceeding s2,ll5 600. 90,
or SO much thereof as may be necessary
thereon.
said funding bonds shall be
dated December lst 1910 shall be pay
shle at the option OF the state of Colo
RADIO at any time after ten years from
their date, shall be absolutely due and
aste. and shall be of the denomination
az one Hundred Dollars fsIuo OOl each
or any multiple thereof The interest
ON said bonds shall be PAYABLE semi-an-
nnaIIy AT the rate of three per cent
ner annum M the office of the state
trsasnrer or at some place in the CITY
~ New Work n 8 A and the principal
OF S e,S hopS. s,sli be paYabie al the
" 49, a< tba stnte trsasrrer
~ .tcb bnnds shall he issued exccpt
- nn5 nccrued Interest and upon
~ ~ pc cn,famnornneous surrender and
the ~ ,p,tIi - n ILL., sr1nunt az min
.t,tnI 80 interest Of said warrants
S'P 1SJ a. hnnds 10 an amnunt eoualInr
a. SAT- tn,IDaI ., satd vnrrants now held
the PRIV ~, p pdt, schnoi Tnnd shall he reg
~ ,ne bby Tho STATE auditor and state
,sIeteu 4, tba name nnJ fnr the bene-.
~ ~ S "a ,a,,abla nnIv 70 Inc said fund
NJ OF altH pa at bs trn5.fsrohie
ana shan ~ ',cS hap5s 20 an amount
CIV III a. ~ Sntsrast On ssid warrants
equhtthS 'u ne ~ sSSooI s1na shalI he
now held IN the SChOol tunu sndil ne